Faced with Foxconn and 13,000 jobs, Democrats erect suicide nets around party

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!

Yes ManFoxconn 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?

Neylon quoteBack 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?

About David Blaska

Madison WI
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26 Responses to Faced with Foxconn and 13,000 jobs, Democrats erect suicide nets around party

  1. Mark says:

    I wonder what the cost per job would have been for the high speed rail project ….

    Like

  2. Cindy K says:

    I’ve not followed it all very closely, but does the state make the same deal for 3,000 as for 13,000 jobs?

    What worries me most is that with unemployment numbers showing more than full employment (utilizing a traditional 5.0% measurement) in WI, will the state be making it harder for citizens to enjoy their standard of living. So much competition for so few workers will be good for wages, but when those wages drive up food and housing costs, it won’t be so much fun.

    I like that you showed the Bucks subsidies. I disliked that one, too. Still wonder what the baseball stadium tax will magically need to become once those numbers are fulfilled. I’ve read where they might need to keep the tax to upgrade the facility. :/

    It’s all so frustrating. Logical, organic growth feels obsolete. I wish governments weren’t so addicted to the concept of grow or die.

    Like

  3. Tom Paine says:

    One of your best posts… { ! }

    Like

  4. Balboa says:

    Love the idea of a FoxxConn for the state. However we are dealing with the ChiComms here, they are no slouches when it comes to getting as much money for the motherland as possible. The problem with republicans is we do not deal in details very well always has been a problem. The devil is in the details, we need all the liberal lawyers we can get because they are like serpents and vipers when it comes to crafting details that can hold this company accountable for so many issues.

    Like who is going to pay when this plant does and will pollute, in china they do not give a crap about their environment and look at country polluted beyond belief. I want this company here but you cannot overlook the fact that they will not have Wisconsinites health and welfare at heart. If FoxxConn was a Russian company looking to expand here would we treat them with open arms and just give away the farm to have them here.

    20 years until we recoup money back seems a bit steep, cut incentives in half. Also will they be building a toxic waste treatment plants to help rid us of all the waste that comes from building technology. Building Technology creates extremely toxic by products how do they plan on disposing of this waste. This stuff cannot just be buried or dumped in streams and rivers or oceans like they do at their pacific rim plants.

    FoxxConn has an army of lawyers and attorneys scouring Wisconsin and Federal laws looking for ways to get around them. Shouldn’t Wisconsin do the same hire whomever is necessary to get the best deal for the state and its people. Listen to Democrats and do not cut corners to get the deal done because they are salivating at out foxing (bad pun) wisconsin politicians.

    Like

    • madisonexpat says:

      Not Chicoms, Taiwan.

      Like

      • Balboa says:

        The PRC considers Taiwanese territory to be part of its territory. The ROC also considers it part of its territory. Interestingly, the territory of Taiwan is not an independent country even according to the ROC constitution. Both claim to be the legitimate government of the entirety of China.

        A Red is a Red.

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  5. coolkevs says:

    I’ve never seen a deal in my life subject to this level of proctology.

    Like

  6. John Thompson says:

    I agree on this being a great deal for the state, IF it happens. I’m cautiously optimistic, and jeer the left for all their doom and gloom about costs. They are always forgetting the broader economic impact.
    More jobs, which hopefully means less people on welfare and unemployment. Well paying jobs, more housing and services demand, means more money flowing into the community, which means more jobs, more construction for homes and business’ that serve the community, and more taxes for the state too. This is what the nay sayers are leaving out, probably on purpose, because it doesn’t fit their agenda of attacking Walker.
    OTOH, I do agree with the left on a very good point-envioromental impact. We need clean manufacturing. The flip side of this, I do not want to see the footdragging, lawsuits, and other delaying tactics employed by the left.
    THAT will kill the deal, and THAT is the intention of the left, just because it’s Walker. They don’t care about the jobs created under his administration, or the economics benefits. Just the talking points with which to attack the governor.
    Oh, and don’t forget they will cry to unionize the plant once it’s up and running.

    Like

  7. coolkevs says:

    I will also say that the stock market is not really up 11% this year. If you look at the 30 stocks on the Dow, fine. But if you would like to consider 2000 stocks such as the Russell 2000 index, you are only up 2.87% this year, and actually only up a whopping 0.2% since Dec 6 2016. And if in energy stocks, absolutely murdered, down 14% in the exchange-traded fund XLE from Jan 1. So, know what you own – if your mutual fund is overloaded in Apple and Amazon, great – otherwise, you might be a bit confused by your 401(k) statement.
    I don’t mind Trump as much as the Squire but his incessant yammerings about the stock market is going to come back and bite him.

    Like

  8. madisonexpat says:

    Think of the strategic political shift in Wisconsin since Act Ten and the Walker recall broke the Iron Triangle of government, unions and money.
    Now think of getting rid of President Trump.

    Like

  9. Bill says:

    Call FoxConn a wind “farm.” Anytime Democrats interrupt, say wind “farm.” Wind “farm,” wind “farm,” wind “farm.” Democrats support the “subsidy” (massive financial transfer tax credits) for wind. Difference is there AREN’T 13,000 jobs and it isn’t like there aren’t UNsubsidized reliable plentiful sources of electricity. Democrats have spent the better part of the last decade trying to KILL cheap plentiful reliable sources of electricity. I’ve never seen anything like it. It’s why the WORKing classes tossed them out.

    Like

  10. old baldy says:

    So you can do your own cherry picking. Comparing Foxconn to a home loan is pretty silly. But then dave has some G-TAC stock to use as collateral.

    http://docs.legis.wisconsin.gov/misc/lfb/bill_summaries/2017_19/0001_ss_ab_1_foxconn_fiserv_legislation_8_8_17.pdf

    Like

  11. Mike says:

    Wisconsin won’t break even on Foxconn plant incentives for 25 years: analysis – is this what we really want – Good Lord I will be in the ground before this Wi Breaks Even? Is this true ?

    Like

    • David Blaska says:

      You are talking state government. When will state government break even on money it spends for K-12 education? On the Verona Road expansion? The benefits to the overall economy, on the other hand, are more immediate.

      Like

      • old baldy says:

        Well dave, I’d say based on your performance over the years we are still waiting for some ROI. But for every productive member of society that attended a public school we have folks paying taxes, making goods, providing services. What a silly analogy.

        And if you look at the LAB report, those Foxconn returns are way out there, after both Mike and I (and probably you) are in the ground.

        Like

      • David Blaska says:

        “… folks paying taxes, making goods, providing services.” Sounds like Foxconn. The LFB reports returns on to state government, not to the economy. Look, Baldy: a WIND FARM!

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      • old baldy says:

        Well< didn't those imaginary Foxconn employees (most of the anyway) already benefit from that public school education. Now you want to pay up to $230,000 per each in addition to what was already spent on their education. Pretty sweet deal for some, no so for most of us.. Even my bright red cousins from north of USH 8 are questioning why they have to pay for this.

        Like

  12. Bill says:

    This, for $60,000 sedan (LOL) factory, good: https://www.theverge.com/2016/2/8/10937076/tesla-gigafactory-battery-factory-nevada-tax-deal-elon-musk 13,000 jobs created while Walker governor, BADDDD!

    Just call this thing Tesla. Make Democrats think they’re already invested in it. They’d be all over it like bears in honey.

    Like

  13. old baldy says:

    http://urbanmilwaukee.com/2017/08/16/data-wonk-will-foxconn-deal-fight-poverty/

    Check you the part where Foxconn will get 2% of the state annual revenue for several years. Seems like the little guy and gals will be paying for this bribery for years.

    Like

  14. old baldy says:

    Sorry, should be “check out”. My apologies for any confusion.

    Like

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