Wisconsin: The Walker Budget Keeps Working, Part CXXXIV

[Scuba]

Coverage thanks to Cognitive Dissidence.

As Lisa Mux points out, Walker recently bragged about his morally and fiscally bankrupt Wisconsin Economic Development Corporation (WEDC) was giving a $15 million tax credit to Plexus Corp to create 350 jobs.

So how's that working out? Just as well as you'd imagine: Contract electronics manufacturer Plexus Corp. has laid off 116 employees in the Appleton area.

Half of the layoffs are fulltime salaried employees and half are temporary workers.

Plexus reported strong third-quarter earnings last week. But the company made the layoffs this week in response to a decrease in customer orders.

[jschurchin]

1. Wow.

So the people of Wisconsin paid Plexus $42,587 for each job created.
Isn't corporate welfare great?????