Friday, July 28, 2017

Priebus bounced, did facilitate Foxconn deal

This Journal Sentinel's tick-tock about how Foxconn came together has Reince Priebus playing a key role in setting the deal into motion.
Reince Priebus CPAC 2017 by Michael Vadon.jpg
I guess Walker - - with the Foxconn deal now framing his re-election campaign - -  is glad Reince didn't get kicked out of the Presidential motorcade and fired via Twitter a bit earlier.

Other winners: Steve Bannon, Princes Jared and Mooch. 

Meanwhile, The New York Times breaks down the Foxconn deal and finds that Wisconsin is paying quite the premium per job for the Taiwan-based factory which Walker has enthusiastically embraced: 
$3 billion in state tax credits that dwarf the typical incentive package companies receive from local governments.
Even as Mr. Walker celebrated the news with Foxconn executives at a rally at the Milwaukee Art Museum on Thursday, experts on the political left and right alike said the rewards were not justified by the cost of the tax breaks.
Over all, the subsidies for the Foxconn plant, which would produce flat-panel display screens for televisions and other consumer electronics, equal $15,000 to $19,000 per job annually.
That compares with $2,457 per year in the usual incentive arrangement, according to Timothy J. Bartik, a senior economist at the W.E. Upjohn Institute for Employment Research in Kalamazoo, Mich.

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