Wrapped around a brick, a missive from Sen. Tammy Baldwin came crashing through the transom here the Stately Manor, informing the Squire and his minions that “working families in Wisconsin and across the country are getting a raw deal.”
If it wasn’t for Tammy and the Democrats (now playing at a chi-chi cabaret near you) how would the average Squire and his white lab-coated assistants ever realize how royally screwed we are being? (Forgive the sin tax.)
The stock market is up 11.5% since January 1. Unemployment is the lowest in 16 years. Inflation is negligible. And Scott Walker is bringing 3,000 to 13,000 jobs to Wisconsin. Oh the Humanity!
Foxconn rips the heart out of the Democrats’ message, that being: Walker had failed — failed! — to live up to his ambitious “promise” of 250,000 more jobs on his watch.
Foxconn is actually BAD NEWS! Democratic hit man One Scot Ross (the spiritual successor to Graeme Zielinski) says those jobs will be so bad that workers will need suicide nets erected around the perimeter of the plant. Which leads to the other major Democrat(ic) message (perfected by Al Gore): WE ALL GONNA DIE!
That’s the problem Democrats have when jobs are created on the other guys’ watch: the jobs are never good enough.
Oppressed by $26/hour jobs
Just a few days ago, a socialist party organizer by the name of John Nichols was blowing his bullhorn at The Nation for unionizing a Nissan auto assembly plant. In behalf of the UAW, Bernie Sanders, actor Danny Glover, and the NAACP performed a “March on Mississippi.”
They were agitating for “racial justice” for the largely African-American workforce at Nissan, Nichols propagandized.
“Racial justice?” Most of the 3,500 Nissan workers are high school graduates or less but typically are paid $26 an hour in low-wage central Mississippi. “Many people had been working at McDonald’s making $7 an hour,” one worker told the New York Times, “This is the best thing that ever happened to them.”
Well, the votes are in. The UAW lost and it lost big; it got only 37% of the workers’ vote. “The UAW is now resorting to a legal strategy to try to turn its defeat into a victory,” the Detroit Free Press reports. “The UAW’s loss also comes as it continues to deal with a federal investigation into corruption at the UAW-Chrysler National Training Center in Detroit.” Um, that’s something Nichols didn’t mention.
Democrats ask: What’s in it for gummint?
Back in Wisconsin, Democrats are playing the zero sum game on the Foxconn jobs, which will average $53,000 annually, as if the accountant’s ledger should measure only government in-flow and out-go. Might as well ask how soon will the State recoup its $11.5 billion spent biennially on education. When will the Verona Road highway construction pay for itself?
Democrats are cherry-picking a Legislative Fiscal Bureau report shows taxpayers would pay Foxconn Technology Group about $1 billion more than the state received in tax revenues during the first 15 years of the project. The state wouldn’t get to even for another 10 years.
But that’s about the same math for buying a house. You’re paying interest the first few years and only later, the principle. Meanwhile, you’ve got a house.
Over at MacIver, Matt Kittle brings some needed perspective: “The LFB acknowledges it has no way of accounting for all the potential positive economic impacts the proposed Foxconn manufacturing campus could bring.”
MacIver quotes State Rep. Adam Neylon, R-Pewaukee: “It’s a mistake to think that government revenue is the end goal. The ultimate goal is economic benefit, not how much more state government can take in and spend.” Neylon chairs the Assembly’s Jobs and Economy committee.
State bucks for millionaire Bucks
“I’m skeptical about [the Foxconn] announcement; we will have to see if there is a legislative appetite for a $1 billion to $3 billion corporate welfare package,” State Sen. Jennifer Shilling, D-La Crosse, groused.
Which is interesting, because Schilling was all-in for $400 million worth of state subsidies for the new Bucks basketball arena in far-away Milwaukee for a team owned by New York millionaires (and reliable Democrat(ic) party donors). As were Senate Democrats Jon Erpenbach of Middleton, Nikiya Harris-Dodd of Milwaukee, Chris Larson of Milwaukee, Janis Ringhand of Evansville, and Lena Taylor of Milwaukee.
The LFB notes Foxconn incentives would yield $6.70 of private spending for each $1 of public money. The Milwaukee Bucks Arena yields $3.00.
Let’s see those Democrats vote against Foxconn. To do so would be, dare we say it: Political suicide.
Platinum subscriber bonus thought: What you wanna bet Right to Work helped Wisconsin get Foxconn?