@GovWalker's and @wisGOP: -#Wisconsin's $4.1 billion Foxconn boondoggle #Trump shovel in hand

[riversedge]

that is probably all the labor Trump ever does---digs a bit a dirt with his gold plated shovel.
Wisconsin taxpayers will be paying for decades for the Walker Trump greedy mess.

Link to tweet

Wisconsin’s $4.1 billion Foxconn boondoggle


Gov. Scott Walker promised billions to get a Foxconn factory, but now he’s running away from it


https://www.theverge.com/2018/10/29/18027032/foxconn-wisconsin-plant-jobs-deal-subsidy-governor-scott-walker
By Bruce Murphy Oct 29, 2018, 11:50am EDT
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It was a veritable lovefest in Milwaukee in July 2017 when Republican Gov. Scott Walker and Foxconn chairman Terry Gou announced their plan to create a heavily subsidized manufacturing plant in southeastern Wisconsin. Walker gushed that Gou, who founded his Taiwan-based company in 1974, was “one of the most remarkable business leaders in the world.” Gou returned the favor by saying, “I’ve never seen this type of governor or leader yet in this world.” Effusive, yet ambiguous.

The details of the deal were famously written on the back of a napkin when Gou and the Republican governor first met: a $3 billion state subsidy in return for Foxconn’s $10 billion investment in a Generation 10.5 LCD manufacturing plant that would create 13,000 jobs.

Key points

Wisconsin Gov. Scott Walker wooed Foxconn with a huge subsidy plan, which was first drawn up on the back of a napkin
It now totals $4.1 billion, much of it in cash, and many doubt taxpayers will ever be repaid
Now, Foxconn no longer plans to build a Generation 10.5 factory manufacturing panels for 75-inch TVs
Instead, it plans to build a smaller factory manufacturing smaller panels and requiring far less investment
Foxconn maintains it will still create 13,000 jobs, but they will mostly be for knowledge workers developing an ecosystem it calls “AI 8K+5G”
Foxconn was given large exemptions from environmental regulations, raising concerns about pollution
The Walker administration refused to talk to The Verge for this story

The size of the subsidy was stunning. It was far and away the largest in Wisconsin history and the largest government handout to a foreign company ever given in America. Like most states, Wisconsin had given subsidies to companies in the past, but never higher than $35,000 per job. Foxconn’s subsidy was $230,000 per job.

But Walker was elected in 2010 on a promise of creating 250,000 new jobs in the state in his first term as governor. Six years into his tenure, he still was far short. Running for a third term in 2018, he badly needed a big win.

And the Foxconn deal was beyond big. Some predicted that bringing the company that manufactures devices for Apple and many other tech giants to the state would create the “Silicon Valley of Wisconsin,” which is no small claim in a state that’s far from a high-tech hotbed. Conservatives predicted Walker’s re-election would be a slam dunk on the back of the deal.

But what seemed so simple on a napkin has turned out to be far more complicated and messy in real life. As the size of the subsidy has steadily increased to a jaw-dropping $4.1 billion, Foxconn has repeatedly changed what it plans to do, raising doubts about the number of jobs it will create. Instead of the promised Generation 10.5 plant, Foxconn now says it will build a much smaller Gen 6 plant, which would require one-third of the promised investment, although the company insists it will eventually hit the $10 billion investment target. And instead of a factory of workers building panels for 75-inch TVs, Foxconn executives now say the goal is to build “ecosystem” of buzzwords called “AI 8K+5G” with most of the manufacturing done by robots.

Polls now show most Wisconsin voters don’t believe the subsidy will pay off for taxpayers, and Walker didn’t even mention the deal in a November 2017 speech announcing his run for re-election. He now trails in that re-election bid against a less-than-electric Democratic candidate, the bland state superintendent of public instruction Tony Evers.

[leftieNanner]

1. There are many Repigs I hope will lose.

Scott Walker is way way way up on the list!

[riversedge]

2. "he wouldn't have been able to pull it off without the collusion of Scott Pruitt."

Calvin
?Verified account @calvinstowell
5h5 hours ago

Scott Walker is unbelievably corrupt. This deal bankrupts his constituents and poisons their children, and he wouldn't have been able to pull it off without the collusion of Scott Pruitt. Unreal. https://www.theverge.com/2018/10/29/18027032/foxconn-wisconsin-plant-jobs-deal-subsidy-governor-scott-walker?fbclid=IwAR2YPQeU9aHlCbmaWhFUgavhSFx1FRJhjdkYhGROjRN1CZIcwyNqrhreZC0 …



https://www.theverge.com/2018/10/29/18027032/foxconn-wisconsin-plant-jobs-deal-subsidy-governor-scott-walker
....Documents filed with the Wisconsin Department of Natural Resources by Foxconn also show the company will cause significant air pollution, including hundreds of tons of carbon monoxide, particulates, sulfur dioxide, nitrogen oxide, and volatile organic compounds per year. According to the Milwaukee Journal Sentinel, the plant will emit enough volatile organic compounds and nitrogen oxides to make it one of the worst such polluters in southeastern Wisconsin.
"Documents show that the company will cause significant air pollution"

The federal Environmental Protection Agency might have stood in the way, but its former director, Scott Pruitt, made a ruling to override pollution standards established under the Obama administration, giving Foxconn more leeway. As a result, the Racine plant could eventually emit 229 tons of nitrogen oxides, 240 tons of carbon monoxide, 52 tons of particulate matter, four tons of sulfur dioxide, and 276 tons of volatile organic compounds per year, Milwaukee’s BizTimes reported. In a statement to The Verge, Foxconn said it will make great efforts to reduce pollution, adding it will “invest in world-class control technology to minimize air emissions from the plant.”

The Walker administration did not return requests for comment about what environmental protection measures were being taken.