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(The New York Times)   Wisconsin should prepare for disappointment and realize they may be part of a Foxconn con   ( nytimes.com) divider line
    More: Followup, Donald Trump, Foxconn, Names of large numbers, manufacturing giant Foxconn, Manufacturing, Terry Gou, Foxconn officials, Government  
•       •       •

2515 clicks; posted to Business » on 20 Sep 2017 at 11:20 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



50 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-09-20 11:05:33 AM  
FTFA: ...and when Mr. Walker approved the deal on Monday, he called it "a truly transformational step for our state."


He managed to said that, while keeping a straight face.
img.fark.netView Full Size
 
2017-09-20 11:39:58 AM  
Republicans are part of the Foxconn con and any other con where they claim "the government doesn't work and spends too much taxpayer money" while giving direct taxpayer subsidies and tax breaks to powerful, profitable companies thanks to bribes lobbying efforts.

/many Democrats too are corrupt lobbied
 
2017-09-20 11:43:24 AM  
Negotiations began in June and an agreement was reached a month later, with Wisconsin pledging $3 billion in tax breaks and other subsidies over a 15-year period.

Or, you could, you know, pay 10,000 people $20,000 a year to do nothing.

Foxconn might make 13,000 jobs. Might. Paying people around 20-25k a year for full time work.

Take the tax money and spend it elsewhere. Screw subsidizing Foxconn.
 
2017-09-20 11:44:54 AM  

hugram: FTFA: ...and when Mr. Walker approved the deal on Monday, he called it "a truly transformational step for our state."


He managed to said that, while keeping a straight face.
[img.fark.net image 850x566]


The guy can't keep a straight face. His resting facial expression is like Rick Moranis' character from Strange Brew.

/FAS
//not even once
 
2017-09-20 11:47:11 AM  
Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this
 
2017-09-20 11:51:02 AM  
From Bloomberg:

Walker's state is offering Foxconn Technology Group, maker of iPhones and much else, a staggering $3 billion in incentives to build a local factory. Optimistically, the deal will eventually create 13,000 direct jobs, at a mere public cost of $15,000 or so each -- that's per job, per year. Wisconsin's legislature is now mulling the plan.

This is our future:  transferring tax dollars from productive citizens to manufacturing firms to create make-work jobs for unskilled laborers.  It would probably be more efficient for Wisconsin to just write checks to its citizens.
 
2017-09-20 11:53:34 AM  
The only value I see in this is that the Republican party earns a wealthy campaign contributor.
 
2017-09-20 11:55:25 AM  
Is this a follow up to the thread on financial scams in China?
 
2017-09-20 11:57:24 AM  
Friend on facebook still in Wisconsin when we talked about this:

Me: You would be better off with an Amazon Distribution Center or 4 spread out over the state.
Him: BEZOS OWNS THE LIEBURL WASHINGTON POST!! We can trust Foxconn and their Chinese investors.
Me: So you are trusting the Chinese, who Trump says is lying about climate change and farking with our currency over an American in Bezos?
Him: FARK YEA!! You've gone soft living on the east coast
 
2017-09-20 11:57:48 AM  
img.fark.netView Full Size

Foxconn is one of the biggest proponants of automation. They're cutting 20,000 jobs in China by 2020.
What kind of idiot would think they're moving them over here?
Oh, wait.
 
2017-09-20 12:01:46 PM  
Wisconsin should prepare for disappointment and realize they may be part of a Foxconn con

It's a straightforward business deal. The state would have renamed itself Wisfoxconn anyway.
 
2017-09-20 12:12:30 PM  
No shiat.
 
2017-09-20 12:16:40 PM  
No shiat
 
2017-09-20 12:27:14 PM  
eagles95

Wisconsin is going to get so farked on this deal. I have a lot of friends still living there. I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this

He will do what every other red blooded politician would do, raise taxes on cigs, booze and gasoline.
 
2017-09-20 12:27:43 PM  
FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.
 
2017-09-20 12:48:02 PM  
If the people involved gathered together to discuss shared interests, would that be a Foxconn con conn?
 
2017-09-20 12:49:31 PM  

Random Anonymous Blackmail: eagles95

Wisconsin is going to get so farked on this deal. I have a lot of friends still living there. I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this

He will do what every other red blooded politician would do, raise taxes on cigs,

booze and gasoline.


Do that in Wisconsin and no matter what party you are, they will riot
 
2017-09-20 12:59:49 PM  

pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.


Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.
 
2017-09-20 01:16:11 PM  
It's almost like most Republicans are incredibly stupid and the ones who aren't stupid are breathtakingly corrupt and greedy.
 
2017-09-20 01:28:54 PM  
Yes. This is what America needs to do to bring back manufacturing. Give billions of dollars to massive foreign corporations to (maybe) bring in low skill, low value, low pay jobs with no job security, no career growth potential and minimal transferable skills once those jobs are automated. Great plan to MAGA.

/s
 
2017-09-20 01:30:33 PM  

Smelly Pirate Hooker: It's almost like most Republicans are incredibly stupid and the ones who aren't stupid are breathtakingly corrupt and greedy.


That's not fair.  The best Republicans are stupid, corrupt, AND greedy.
 
2017-09-20 01:44:41 PM  

hugram: FTFA: ...and when Mr. Walker approved the deal on Monday, he called it "a truly transformational step for our state."


He managed to said that, while keeping a straight face.
[img.fark.net image 850x566]


For certain definitions of "straight."
 
2017-09-20 01:46:32 PM  

thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.


I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.
 
2017-09-20 01:53:45 PM  

pdieten: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.


You can vote.
 
2017-09-20 01:56:30 PM  

pdieten: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.


Related question, when was the last city councilor election not tied to a state election you took part in?
 
2017-09-20 01:58:48 PM  

Splinthar: pdieten: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.

Related question, when was the last city councilor election not tied to a state election you took part in?


All of them. I vote in every election that's called. Are you of the opinion that I'm in the majority?

This is what the people wanted. So they deserve to get it good and hard. And no, I'm not moving, family reasons.
 
2017-09-20 02:43:08 PM  
The question being is Walker being conned along with the rest of the people of Wisconsin or is he part of the con?
 
2017-09-20 02:48:33 PM  
In Brazil, Foxconn's plans unraveled quickly. The administration that had wooed the company was soon swept from power amid corruption allegations and an impeachment vote.

That could never happen in the US.
 
2017-09-20 03:11:27 PM  

hugram: FTFA: ...and when Mr. Walker approved the deal on Monday, he called it "a truly transformational step for our state."


He managed to said that, while keeping a straight face.
[img.fark.net image 850x566]


It'd be worth the cost of it got rid of Scooter and a bunch of Repugs when it inevitably ends up in the shiatter. Unfortunately they will probably survive blaming demonrats for the failure and the rubes will vote straight R ticket.
 
2017-09-20 03:14:05 PM  

eagles95: Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this


I've tried to explain to Republican friends how much money he is borrowing to keep up projects and cut taxes. Some have started to get the message and call legislators out on it, but too many Republicans think it's free money or something. He's borrowing from Peter, and stealing from Paul, to make the books look decent. He's going to end up leaving us a huge goddamn credit card bill at this rate.
 
2017-09-20 03:15:11 PM  

runwiz: The question being is Walker being conned along with the rest of the people of Wisconsin or is he part of the con?


If you dug deep enough I smell a serious kickback. Add in being able to say "jobs" with a semi-straight face for reelection.
 
2017-09-20 03:16:05 PM  

inglixthemad: eagles95: Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this

I've tried to explain to Republican friends how much money he is borrowing to keep up projects and cut taxes. Some have started to get the message and call legislators out on it, but too many Republicans think it's free money or something. He's borrowing from Peter, and stealing from Paul, to make the books look decent. He's going to end up leaving us a huge goddamn credit card bill at this rate.


That's been the Republican way since Reagan.
 
2017-09-20 03:30:11 PM  

inglixthemad: eagles95: Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this

I've tried to explain to Republican friends how much money he is borrowing to keep up projects and cut taxes. Some have started to get the message and call legislators out on it, but too many Republicans think it's free money or something. He's borrowing from Peter, and stealing from Paul, to make the books look decent. He's going to end up leaving us a huge goddamn credit card bill at this rate.


Just in time for Democrats to take back control and get blamed for the budget crisis.
 
2017-09-20 03:45:55 PM  
Wisconsin: The Redneck state of the Midwest.
 
2017-09-20 03:53:19 PM  

Target Builder: inglixthemad: eagles95: Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this

I've tried to explain to Republican friends how much money he is borrowing to keep up projects and cut taxes. Some have started to get the message and call legislators out on it, but too many Republicans think it's free money or something. He's borrowing from Peter, and stealing from Paul, to make the books look decent. He's going to end up leaving us a huge goddamn credit card bill at this rate.

Just in time for Democrats to take back control and get blamed for the budget crisis.


Last time, after Tommy ran off to lead HHS under Dubya, his Lt. Governor Scott McCallum got screwed. I've got to hand it to McCallum in one sense: he looked at the books (and probably said "f**k me) and tried to fix the problem.

Tommy spent money like a drunken sailor in a whorehouse too.
 
2017-09-20 05:10:09 PM  
We need to outlaw doing this kind of bullshiat. Completely do away with it.
 
2017-09-20 05:41:37 PM  

eagles95: Wisconsin is going to get so farked on this deal. I have a lot of friends still living there.  I guess FAS Walker can sell off some state parks or get rid of the DNR or something to make up for this.

Then it won't be no reason for people from other states to even visit
 
2017-09-20 07:13:11 PM  
Will OSHA require Foxconn Wisconsin to install nets around the roofs of their buildings?
 
2017-09-20 07:18:57 PM  

thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.


Also, there have been a number of news reports in Wisconsin lately stating that current employers in the state are reporting they can't find enough workers as it is now.  We're already below the national average for unemployment rate.   I guess there are some assumptions that some people will move to Wisconsin just to work at the new plant, but that seems unlikely.
 
2017-09-20 07:28:04 PM  

foo monkey: If the people involved gathered together to discuss shared interests, would that be a Foxconn con conn?


and they relax by dancing, doing the Foxconn con conn can-can
 
2017-09-20 09:06:14 PM  

anfrind: pdieten: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.

You can vote.


Still waiting on that ruling for un-farking the districts.
 
2017-09-20 09:16:12 PM  

germ78: foo monkey: If the people involved gathered together to discuss shared interests, would that be a Foxconn con conn?

and they relax by dancing, doing the Foxconn con conn can-can


I imagine they'd prefer the Foxconn con conn Fox-trot.
 
2017-09-20 09:34:15 PM  
Suicide nets aren't gonna stop a cheesehead from hitting the ground after they jump.

img.fark.netView Full Size
 
2017-09-20 09:55:08 PM  

Rising_Zan_Samurai_Gunman: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

Also, there have been a number of news reports in Wisconsin lately stating that current employers in the state are reporting they can't find enough workers as it is now.  We're already below the national average for unemployment rate.   I guess there are some assumptions that some people will move to Wisconsin just to work at the new plant, but that seems unlikely.


People might move for the higher paying jobs, but moving is expensive - nobody is going to move for a $35k job.
 
2017-09-20 10:17:55 PM  

WhyteRaven74: We need to outlaw doing this kind of bullshiat. Completely do away with it.


To give Foxconn this package the had to pass a law.

Look at it this depressing way: As bad as this deal is, it's nowhere near as awful as all of the times that tax payer money has been used to build sports stadium. And the public is always in favor of those projects despite all of the data showing that it's a bad idea (not to mention the fact the teams are worth billions of dollars - that don't need a public subsidy).
 
2017-09-21 01:02:25 AM  

ChrisDe: Will OSHA require Foxconn Wisconsin to install nets around the roofs of their buildings?


Will they require you to wear a hockey helmet to prevent any more disastrous head injuries?
 
2017-09-21 07:52:39 AM  
img.fark.netView Full Size
 
2017-09-21 09:38:44 AM  

pdieten: Splinthar: pdieten: thornhill: pdieten: FWIW, the $3 billion is only if they create the maximum 13K jobs. It's much less if there are fewer jobs. Either way, it was a hell of an expensive way to put people to work who probably don't even live here now.

Only part of the money is tied to jobs.

There's $150 million in sales tax exemptions.

Then they get $1.35 billion for just building the plant.

The remaining ~$1.5 billion is tied to jobs.

People have pointed out that Foxconn could build the plant, get the money, and then just let the factory sit idle.

Those who support the deal have scoffed at that potential outcome - why would they build a factory and then not use it? Well, as this NYTimes article shows, that's exactly what they did in Brazil. If someone else is footing the construction bill they're not out anything if the build the plant and then decide not to use it.

Or more likely, they take the full $1.35 billion for construction, only end up employing a few thousands people, and it's too few people to ever payback the $1.35 billion.

I know. I live here. We get assaulted with this news daily. I read it all. But I don't give a shiat. The politicians were going to do what they do no matter what any of us thought about it. All we can do now is see how it turns out, so there's just no point in biatching about it.

Related question, when was the last city councilor election not tied to a state election you took part in?

All of them. I vote in every election that's called. Are you of the opinion that I'm in the majority?

This is what the people wanted. So they deserve to get it good and hard. And no, I'm not moving, family reasons.


Well in that case you are doing as much as you can short of trying to run or organizing so I commend you for that.  I just wanted to help separate the grain from the chaffe because there is lots of hot air being tossed around by assholes who can't be bothered to actually show up and be counted.

Its a bad situation no joke, but if you draw the line at politically organizing your options are spent.  Crappy situation to be in and I hope you and yours don't get bit too hard by this.
 
2017-09-21 10:22:29 AM  

runwiz: The question being is Walker being conned along with the rest of the people of Wisconsin or is he part of the con?


img.fark.netView Full Size
 
2017-09-21 10:25:17 AM  

sdd2000: runwiz: The question being is Walker being conned along with the rest of the people of Wisconsin or is he part of the con?

[img.fark.net image 400x400]


i.quoteaddicts.comView Full Size
 
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