Wednesday, January 30, 2019

Short roadmap to today's Foxconn news

Here's a bit of a guide to the news today:

Just click the headlines.

Let me begin with a scene-setter from August 23, 2018.

This is important, because it shows that Foxconn was pulling away from its early plan - - the one Wisconsin and the local communities are funding - - and laying the foundation for what happened today:
Foxconn spins away from commitment; conned, outfoxed Walker should quit 
That thud just registering on political seismographs statewide is the sound of Walker's Foxconn con crashing to earth.
Confirming the essence of fourteen months of posts on this blog, Foxconn is backing away from the futuristic factory-building pledge for which gullible Walkerites and their gang of fake conservatives pledged billions of state and local taxpayer dollars, all to shore up Walker's failed job-creating record as he runs for a third term.
Foxconn now declines to say it plans to build type of factory named in state, local contracts
...the company on Wednesday did not offer assurances that it still plans to build the type of liquid crystal display panel plant the contracts cite..
Known as “Generation 10.5” fabrication facilities, or fabs, such plants are the largest and most expensive in the display industry... 
Foxconn’s original plans last year called for building a Generation 10.5 plant, and both the state and local agreements reached with the company define the project that way. 
Sound familiar: Here's a 2017 post about how Foxconn stiffed Pennsylvania
So while the nicely-timed-for-Walker's-re-election giddiness over some job growth here finally after six failed years in office, as well as a race between neighboring states to throw corporate welfare/public inducements Foxconn's way are on - - remember that Pennsylvania put big money on the table for a Foxconn plant that never happened there.
How Foxconn’s broken pledges in Pennsylvania cast doubt on Trump’s jobs plan
Conned and scammed, every public official from Walker on down who spouted a single Foxconn-driven talking point and voted to front the company a single dollar from 'the hard-working taxpayers' Walker is so fond of invoking should hand in their resignations.
Then, this today:
Breaking news: Foxconn says "not building a factory in Wisconsin"
And now a few more: 
Let's correct Walker tweet about doing us Foxconn favor 
Walker's WI looking conned and outfoxed 
With state $, Lake MI water, Foxconn sending super sprawl to Mt. Pleasant (Watch the video!)
And an archive of Foxconn posts over the last 18+ months:
Foxconn Fever: A primer
[Updated continuously from June, 2017] This frequently-updated archive with more than 265 posts and even more links and references which explain, document and unmask Wisconsin's award of $4.5 billion in state and local funds to Foxconn.
Plus waivers of routine judicial and environmental reviews for a promised Foxconn factory development requiring a massive daily diversion of Lake Michigan water and leading to nearly 800 tons of air pollution emissions annually over Racine County open space, farm and wetlands.------------------------------------- 


Anonymous said...

As you previously reported James, FoxConn is building housing. Could that housing be for foreign engineers whose salaries we will be paying 17% of? Who else are they expecting to live there? Was the plan all along to create a R and D campus supported by the UW System in partnership with FoxConn? The MOU with the University specifies that FoxConn gets intellectual property that normally goes to the State of Wisconsin. FoxConn is matching what the University contributes up to 100 million. Why does such a rich corporation need our money to develop products for their benefit?

Anonymous said...

It's the Bong Airbase of our times. It's the 4 lane Highway 12 from Chicago to Madison that ended up only going from Richmond, Illinois to Elkhorn. It's the Park East Corridor. It's the big promise that the Brewers would pay for their own ballpark. It's four lanes for Highway 29 from "Tommy" that would revolutionize the northern tier. Well the revolution never came and the other fiascos are just reminders of the flim and the flam.