DAILY WISCONSIN

Government Spending

Predictably, Trump Comes Up Empty on Foxconn

From The White House’s official transcript:

This is just the beginning.  This is one of the largest plants in the world.  And when you think in terms of 20 million feet — if you build in Manhattan a million-foot building, that’s a very big building.  They don’t get much bigger.  And here you’re talking about more.  Think of it: more than 20 million feet.  And that’s probably going to be a minimal number.

So I’m thrilled to be here in the Badger State with the hardworking men and women of Foxconn working with you.  Moments ago, we broke ground on a plant that will provide jobs for much more than 13,000 Wisconsin workers.  (Applause.)  Really something.  Really something.  Thank you, fellas.

WisEye Morning Minute: Evers’ Choice – Veto GOP Budget, Or Line-Item Veto It?

WisEye Morning Minute: Evers’ Choice – Veto GOP Budget, Or Line-Item Veto It?

On June 28, 2019, WisconsinEye Senior Producer Steve Walters and WisPolitics.com Editor JR Ross discussed Governor Tony Evers potential choices to make on the budget now that it has been passed in both Houses. The budget is $81.6 billion which is an upper of 5 percent from the current budget, but $2 billion less than Gov.

‘Every paragraph revealed another strange twist or failure’

As it turns out, history had already determined that state handouts to attract and keep businesses was a horrible idea, so bad in fact many states amended their Constitutions to prevent those mistakes from ever happening again in the future.

After reading the Cap Times article “Where to now with Foxconn? It won’t leave Wisconsin, but it won’t build what it promised,” where every paragraph revealed another strange twist or failure, I had to look up why Scott Walker and his band of plundering Republicans pirates liked the idea of state corporate handouts so much. Not surprisingly, their actions weren’t based on anything I found in the real world, it was simply pure ideological theory. Look at how much money we’re losing, and how few jobs they’re creating…

Via DemoCurmudgeon: History, Corporate Tax Incentives, and the State Constitutional Gift Clause collide with Scott Walker’s economic theories.