Employees Say Foxconn & Donald Trump's Wisconsin Factory Scam Was An Absurdist Hellscape

Employees Say Foxconn & Donald Trump's Wisconsin Factory Scam Was An Absurdist Hellscape

4 years ago
Anonymous $RGO3jP_V_c

https://www.techdirt.com/articles/20201019/13242145535/employees-say-foxconn-donald-trumps-wisconsin-factory-scam-was-absurdist-hellscape.shtml

You might recall how the Wisconsin GOP, with Donald Trump and Paul Ryan at the head of the parade, struck what they claimed was an incredible deal with Foxconn to bring thousands of high-paying jobs to the state. Initially, the state promised Foxconn a $3 billion subsidy if the company invested $10 billion in a Wisconsin LCD panel plant that created 13,000 jobs. The amount of political hype the deal generated was utterly legendary, helping market Trump as a savvy dealmaker who'd be restoring technological greatness to the American Midwest.

Of course experts repeatedly warned that the deal was too good to be true, and likely would never recoup the taxpayer cost as structured. Those warnings were ignored. And unsurprisingly, as the subsidy grew fatter, the promised factory began to shrink further and further, to the point where it's incredibly unlikely much of anything will be built at all. All now cold comfort to taxpayers who have already doled out a small fortune, or the local residents who had to move thanks to a factory that will likely never exist.

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