'Foxconn Was a Major Con': Backed by Trump Promises and $4 Billion in Subsidies...

[guillaumeb]

'Foxconn Was a Major Con': Backed by Trump Promises and $4 Billion in Subsidies, Company Admits Factory Jobs Not Coming

From the article:

President Donald Trump, Wisconsin's former Republican Gov. Scott Walker, and former House Speaker Paul Ryan (R-Wis.) spent a lot of time at press events and photo-ops last year touting the 13,000 manufacturing jobs Foxconn was supposedly going to create in the U.S., but—as with many of his job claims—the president's soaring promises are looking increasingly hollow.

"Trump bragged about his deal with Foxconn to bring jobs to Wisconsin. So far 178 people were hired—but the company is on track to score over $4 billion in incentives.
That's $22M per job. #WhatADeal."
—Swing Left

As Reuters reported on Wednesday, the Taiwanese tech firm—which Walker lured to Wisconsin with over $4 billion in taxpayer subsidies—is now saying "it intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised."
In an exclusive interview with Reuters, Louis Woo, a special assistant to Foxconn chairman Terry Gou, said the company is completely walking back its plan to build $10 billion factory in Wisconsin.

To read more:

https://www.commondreams.org/news/2019/01/30/foxconn-was-major-con-backed-trump-promises-and-4-billion-subsidies-company-admits?cd-

[KWR65]

1. Yeah. They get $4B to build a 10 acre research park with 100 employees

The American taxpayer has been suckered again.

[guillaumeb]

2. And Walker looks like the idiot that he is.

Another example of predatory capitalism.

[badhair77]

3. Those of us in PA are still waiting

for the plant Foxconn promised to build here. It was all a lie. No plant.

[guillaumeb]

6. Soon, very soon.

Perhaps by 2100.

[SCantiGOP]

4. The invisible hand of the free market

Has its middle finger extended at Trump and Walker.

[guillaumeb]

7. And at all of us. eom

[moondust]

5. Spying outpost?

Hackers' outpost? Cyberattacks: China and Russia can disrupt US power networks warns intelligence report

[spanone]

8. The giveaway are the words 'Fox' and 'Con'

then you add trump to that mix....

[guillaumeb]

9. A nice observation.

Unintended irony at its best.

[book_worm]

10. If anything is promoted by Trump & Walker it's bound to be a con

[guillaumeb]

11. And Wisconsin taxpayers will pay the price. eom

[TheFarseer]

12. I bet the 178 workers hired

Are home workers based in Taiwan.

[guillaumeb]

13. I believe that they are designers and engineers.

And 178 workers will have little impact for that entire area.