How bad is the Fox Con? Rilly, rilly baaad

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Via Brad G.
~Thank you greedy, ignorant and evil Republicans.~
At what point do you stop allowing yourselves to be manipulated and see that you are screwing us all?


Carrie Scherpelz: “Fellow Wisconsinites, you must read this to believe it. WIGOP governing malfeasance.

“Taxpayer-funded subsidies could run as much as $587,000 per Foxconn job. WI could have hired thousands of people to do more valuable work – like teaching, policing, nursing, etc. – and still saved money. Instead, Walker’s plan means WI won’t break even on its bailout for more than 25 years. And since Foxconn can close the plant in as little as 10 years, there’s a very real chance that taxpayers could be funding an empty factory for decades to come.

“But wait: It gets worse. None of this factors in the additional millions for pollution cleanup. Foxconn has been repeatedly accused of dumping toxic metals into waterways near its other plants. And before he resigned in disgrace, Trump’s EPA chief Scott Pruitt exempted the Wisconsin facility from federal limits on air emissions. On the day it opens, it’s expected to immediately become the state’s largest polluter.

“But the most glaring blunder was revealed last week. Wisconsin residents could end up bankrolling employees who don’t even work… in Wisconsin.

“That’s the recent finding of the Fiscal Bureau, a nonpartisan arm of the state legislature. It discovered that taxpayers would be on the hook for funding Foxconn employees in other states, as long as their paychecks are run through the Wisconsin plant.

“Republican lawmakers seem to sense they’ve created an exploding cigar in waiting. Earlier this month, before new Democratic Gov. Tony Evers takes office, they passed a bill ensuring that residents will be kept from knowing exactly where their money is going.”

Scott Walker’s parting gift: A corporate welfare deal costing each Wisconsin taxpayer $1,800

As you may recall, the soon-to-be-ex governor once promised that by slashing everything from taxes to education funding, Wisconsin would become the roaring engine of the Upper Midwest.

It didn’t quite work out that way. Minnesota went the opposite direction, and now crushes its neighbor in nearly every meaningful economic category.

So last year, Walker threw a Hail Mary. With the encouragement of Dealmaker in Chief Donald Trump, Walker offered the country’s largest corporate welfare deal to Foxconn Technology Group, a Taiwanese manufacturer of display screens for Apple.

It’s now become the worst rich man’s welfare package in U.S. history. And with each new revelation, it just keeps getting worse.

Begin with the fact that, as corporate citizens go, Foxconn falls somewhere between Enron and Mussolini.

Read the whole piece on City Pages

And… If you want to really delve into how rilly, rilly baaaad the Fox Con is, please visit James Rowens’s Political Environment

compilation of 250+ posts about how bad it is with Foxconn.