Says President Donald “Trump promised 13,000 new jobs to the people of #Wisconsin. 3 years later, we’re still waiting…”
Foxconn doesn’t keep its promises. Foxconn has a history of leaving others at the altar when they don’t deliver high enough on the dowry. In 2013, Pennsylvania offered $30 million to create 500 jobs there. There was fanfare not unlike the breathlessness of Scott Walker this week here. But the Pennsylvania plant never happened. And Foxconn will disappoint you wherever you are in the world. They’ve come up short in Vietnam and Brazil too. It’s entirely possible that Foxconn will use the Wisconsin deal as the baseline for the extortion of other states that dare to go higher. Two hundred and thirty thousand per job. The $3 billion in taxpayer handouts to Foxconn would come out to $230,000 per job even if they keep their promise and create a total of 13,000 jobs here over 15 years. That’s an average subsidy of $15,000 to $19,000 per job per year. That makes Wisconsin a world class sucker because the average nationally for similar projects is all of $2,500 per job. There’s desperate and then there’s pathetic. Have we no self-respect at all? Guess not.