Economy The Great Foxconn

[JohnnySagebrush]

After years of having the wool pulled over their collective eyes, you would think the “working class” would be hardened and wiser and less receptive to disingenuous politicians.
Instead, along comes an unpolished grifter who literally made his career on his ability to lie and cheat; he promises the moon, but his bullshit is as thin as parchment, yet the hoodwinked masses can’t see it. It’s unbelievable.

 

[Gunny]

Apparently the LCD plant is back on.

https://www.google.com/amp/s/amp.cn...tech/foxconn-wisconsin-plant-trump/index.html

Will be interesting to watch the next few pages unfold...

 

[HARRISON_3]

Time to declare a national emergency, IMO

 

[lfd0311]

Again, you claim Republicans are for working class I present evidence against that and you ignore it .

Uh, where did I claim that? Can any of you people read? It's amazing how many simple points I make in a day that go totally over the heads of most people. I actually said in big capital letters that Republicans aren't pro working people. Yet here is an attempt by the anti working people party in the country to bring working class jobs to the working class people..... and the people cheering it's failure.... are the people who were f**king supposed to be doing that to begin with. Gee, wonder why Democrats are having such a hard time winning elections? It's really frustrating having to explain in long form what should be a relatively basic point. Jesus.

For their faults dems have tried. Example Obamas program to educate/train coal miners . What did a lot of coal miners take? Advanced coal mining training .But somehow dems are still seen as anti working class which makes zero sense .

Do you understand how out of touch this post and this empty Obama virtue signal was? What the f**k did you think Coal Miners were going to do? They mine coal, thats how they feed and provide for their families. Maybe, as a Democrat he should have considered not trying to kill their jobs in the first place so he could appease his donors, don't you think?

 

[jefferz]

Apparently the LCD plant is back on.

https://www.google.com/amp/s/amp.cn...tech/foxconn-wisconsin-plant-trump/index.html

Will be interesting to watch the next few pages unfold...

Aaaaand it's gone.

Foxconn mostly abandons $10 billion Wisconsin project touted by Trump

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called “the eighth wonder of the world.”
Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.
The Foxconn-Wisconsin deal was first announced to great fanfare at the White House in July 2017, with Trump boasting of it as an example of how his “America first” agenda could revive U.S. tech manufacturing.

Wisconsin Governor Tony Evers said the new agreement will save Wisconsin taxpayers “a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.”
Evers said under the deal negotiated between the Wisconsin Economic Development Corporation and Foxconn, the Taiwan company is eligible to receive up to $80 million in performance-based tax credits over six years if it meets employment and capital investment targets. He stressed that the incentives were in line with those available to any company.
The state will reduce the tax credits authorized for the project to $80 million from $2.85 billion.
The original Wisconsin package also included local tax incentives and road and highway investments by state and local governments, which brought total taxpayer-funded subsidies to more than $4 billion.
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.

 

[EndlessCritic]

Aaaaand it's gone.

Foxconn mostly abandons $10 billion Wisconsin project touted by Trump

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called “the eighth wonder of the world.”
Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.
The Foxconn-Wisconsin deal was first announced to great fanfare at the White House in July 2017, with Trump boasting of it as an example of how his “America first” agenda could revive U.S. tech manufacturing.

Wisconsin Governor Tony Evers said the new agreement will save Wisconsin taxpayers “a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.”
Evers said under the deal negotiated between the Wisconsin Economic Development Corporation and Foxconn, the Taiwan company is eligible to receive up to $80 million in performance-based tax credits over six years if it meets employment and capital investment targets. He stressed that the incentives were in line with those available to any company.
The state will reduce the tax credits authorized for the project to $80 million from $2.85 billion.
The original Wisconsin package also included local tax incentives and road and highway investments by state and local governments, which brought total taxpayer-funded subsidies to more than $4 billion.
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.

Crazy. I listened to this podcast recently: https://gimletmedia.com/shows/reply-all/wbhjwd

 

[Rocco Siffredi]

Yeah it was tax breaks but I live right by it .The massive construction has started . That's going to be a nice giant empty building .

So yes they are out some money

You got some AOC logic eh?

 

[PolishHeadlock2]

Rather than manufacturing LCD panels in the United States, Woo said it would be more profitable to make them in greater CHINA



and Japan, ship them to MEXICO



for final assembly, and import the finished product to the United States.

Man, if Foxconn could have just worked Iran somewhere into that supply chain it could have been a Trumptard trifecta!

Lol perfect post

 

[Falsedawn]

Aaaaand it's gone.

Foxconn mostly abandons $10 billion Wisconsin project touted by Trump

Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President Donald Trump once called “the eighth wonder of the world.”
Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.
The Foxconn-Wisconsin deal was first announced to great fanfare at the White House in July 2017, with Trump boasting of it as an example of how his “America first” agenda could revive U.S. tech manufacturing.

Wisconsin Governor Tony Evers said the new agreement will save Wisconsin taxpayers “a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.”
Evers said under the deal negotiated between the Wisconsin Economic Development Corporation and Foxconn, the Taiwan company is eligible to receive up to $80 million in performance-based tax credits over six years if it meets employment and capital investment targets. He stressed that the incentives were in line with those available to any company.
The state will reduce the tax credits authorized for the project to $80 million from $2.85 billion.
The original Wisconsin package also included local tax incentives and road and highway investments by state and local governments, which brought total taxpayer-funded subsidies to more than $4 billion.
Foxconn noted that since 2017, it has invested $900 million in Wisconsin, including several different facilities in the state.
The state has already spent more than $200 million on road improvements, tax exemptions and grants to local governments for worker training and employment, according to the records obtained by Wisconsin Public Radio.

2 posts! That has to be a record.

 

[HockeyBjj]

Wisconsin Governor Tony Evers said the new agreement will save Wisconsin taxpayers “a total of $2.77 billion compared to the previous contract, maintain accountability measures requiring job creation to receive incentives, and protect hundreds of millions of dollars in local and state infrastructure investments made in support of the project.”
Evers said under the deal negotiated between the Wisconsin Economic Development Corporation and Foxconn, the Taiwan company is eligible to receive up to $80 million in performance-based tax credits over six years if it meets employment and capital investment targets.

Democrat Govenor renegotiated the deal because they didn’t want to give the amount of tax breaks originally promised, and people act like giant plant and blue collar jobs falling through is GOP’s fault?

 

[Bballfan123]

Fitting that this was pushed so hard as a win by the great conman himself the potus

https://www.nbcnews.com/business/bu...-trump-touted-n964411?cid=public-rss_20190130



Ah yes the working class of Wisconsin fucked by the GOP again. You'd think they'd learn but nope.

LOLOL do you know how a damn TV gets made? Wtf is a working class man with a GED gonna do, hold the door for the guy who knows what he's doing? You don't use a hammer and nail to make a TV it takes advanced manufacturing technologies and a circuit board. Mayne they could push a cart with 5 tvs in it but I imagine the production process puts the TV right on the truck or Dilley or whatever without a person touching it. That was clearly a lie from the start, anyone who knows a thing about electronics manufacturing could have told you that. Laborers are not needed and would only cause problems with the circuit board getting dirty.

 

[Bobby 3 Sticks]

You got some AOC logic eh?

You're retarded

LOLOL do you know how a damn TV gets made? Wtf is a working class man with a GED gonna do, hold the door for the guy who knows what he's doing? You don't use a hammer and nail to make a TV it takes advanced manufacturing technologies and a circuit board. Mayne they could push a cart with 5 tvs in it but I imagine the production process puts the TV right on the truck or Dilley or whatever without a person touching it. That was clearly a lie from the start, anyone who knows a thing about electronics manufacturing could have told you that. Laborers are not needed and would only cause problems with the circuit board getting dirty.

This shit was sold as a manufacturing hub with easy to attain manufacturing jobs that would revitalize the lost working class jobs over the past few decades. Then it would be a tech hub. Now... lol

Thankfully governor Evers renegotiated and now their subsidies are down to only $80M but they're also only bringing 1400 jobs by 2025
https://www.jsonline.com/story/mone...ire-up-1-454-compared-13-000-2017/7299257002/
Originally promised 13,000 jobs. Yes 13K.



Completely pathetic. If Walker was still governor, the tax payers would still be further on the hook for this atrocity. Bad enough as it is how much tax payers had to cover for that prime farmland

 

[Bballfan123]

You're retarded


This shit was sold as a manufacturing hub with easy to attain manufacturing jobs that would revitalize the lost working class jobs over the past few decades. Then it would be a tech hub. Now... lol

Thankfully governor Evers renegotiated and now their subsidies are down to only $80M but they're also only bringing 1400 jobs by 2025
https://www.jsonline.com/story/mone...ire-up-1-454-compared-13-000-2017/7299257002/
Originally promised 13,000 jobs. Yes 13K.



Completely pathetic. If Walker was still governor, the tax payers would still be further on the hook for this atrocity. Bad enough as it is how much tax payers had to cover for that prime farmland

Oh

Well thats a total lie

The entire reason manufacturing is overseas is to save on labor costs on easy jobs anyone can do

There are no easy to attain good manufacturing jobs. Thats gotta be an oxymoron

The reason US had manufacturing jobs was because we blew up the world from 1941-1945 and invented the Model T, everything after was just a bubble. Think abt it, every good manufacturing job involves a car in some way, no random rivet company is a 'good' job


Manufacturing pays $13 an hour thats the rate. Any more and it gets outsourced to Ohio where ppl will work for 13 an hr because rent is 300 dollars and the economics work, you can save here making 13 an hour and buy a house. Anywhere else in America its impossible except maybe Indiana. What is rent in wisconsin?

 

[Ophydian]

Democrat Govenor renegotiated the deal because they didn’t want to give the amount of tax breaks originally promised, and people act like giant plant and blue collar jobs falling through is GOP’s fault?

I guess typical tax break is $50k per expected new hire whereas the previous governor negotiated $100k per.

 

[Ophydian]

Oh

Well thats a total lie

The entire reason manufacturing is overseas is to save on labor costs on easy jobs anyone can do

There are no easy to attain good manufacturing jobs. Thats gotta be an oxymoron

The reason US had manufacturing jobs was because we blew up the world from 1941-1945 and invented the Model T, everything after was just a bubble. Think abt it, every good manufacturing job involves a car in some way, no random rivet company is a 'good' job


Manufacturing pays $13 an hour thats the rate. Any more and it gets outsourced to Ohio where ppl will work for 13 an hr because rent is 300 dollars and the economics work, you can save here making 13 an hour and buy a house. Anywhere else in America its impossible except maybe Indiana. What is rent in wisconsin?

A lot of heavy industry manufacturing is done in Texas but mostly due to industry and port access.

 

[Bballfan123]

A lot of heavy industry manufacturing is done in Texas but mostly due to industry and port access.

Yeah heavy industry is done by the coasts and international borders because shipping is easier. It sure as hell isn't done in bum fuck Wisconsin seriously wtf was this plan? to build a heavy ass TV, put it on a train 1500 miles to California or Texas, then ship it?? Or ship it within the US?? Why?? Im not a manufacturer and I could think of about 1000000 better locations than rural Wisconsin for a major factory. Like, all of ohio, all of Pennsylvania, all of the south, all of Indiana, anywhere with highways, basically any other place besides North Dakota. Actually. That might be better because they have shipping in place to move vast amounts of oil. Wisconsin people are rubes for real if that was the story told. The only people near Wisconsin are Chicago and Minneapolis, doesn't make sense to put it on RURAL FARMLAND IN WISCONSIN

 

[Bobby 3 Sticks]

Yeah heavy industry is done by the coasts and international borders because shipping is easier. It sure as hell isn't done in bum fuck Wisconsin seriously wtf was this plan? to build a heavy ass TV, put it on a train 1500 miles to California or Texas, then ship it?? Or ship it within the US?? Why?? Im not a manufacturer and I could think of about 1000000 better locations than rural Wisconsin for a major factory. Like, all of ohio, all of Pennsylvania, all of the south, all of Indiana, anywhere with highways, basically any other place besides North Dakota. Actually. That might be better because they have shipping in place to move vast amounts of oil. Wisconsin people are rubes for real if that was the story told. The only people near Wisconsin are Chicago and Minneapolis, doesn't make sense to put it on RURAL FARMLAND IN WISCONSIN

This facility is super close to major port on lake Michigan. So I assume the plan would be to use lake Michigan to go through the Atlantic? I'm no expert on shipping and the like though

 

[Bballfan123]

This facility is super close to major port on lake Michigan. So I assume the plan would be to use lake Michigan to go through the Atlantic? I'm no expert on shipping and the like though

Uh
Lake Michigan is nowhere near the ocean

Step 1. Make tv
2. Put tv on train
3. Put tv on ship on lake Michigan
4. Take tv off ship.
5. Put tv on train
6. Drive 700 miles to lake erie
7. Put tv on ship on lake erie
8. Take tv off ship
9. put tv on train
10. Drive train 500 miles / 800 km to the ocean
11. Put tv on ship in Atlantic Ocean


OR

1. Build tv in Texas next to the ocean.
2. Put on train
3. Put on boat

 

[Bobby 3 Sticks]

Uh
Lake Michigan is nowhere near the ocean

Step 1. Make tv
2. Put tv on train
3. Put tv on ship on lake Michigan
4. Take tv off ship.
5. Put tv on train
6. Drive 700 miles to lake erie
7. Put tv on ship on lake erie
8. Take tv off ship
9. put tv on train
10. Drive train 500 miles / 800 km to the ocean
11. Put tv on ship in Atlantic Ocean


OR

1. Build tv in Texas next to the ocean.
2. Put on train
3. Put on boat

There used to be shipping using throughout the Great Lakes to the Atlantic. Not saying it's more efficient than being right on the ocean.

Foxconn is about 7 miles from the harbor.

 

[mkess101]

Yeah heavy industry is done by the coasts and international borders because shipping is easier. It sure as hell isn't done in bum fuck Wisconsin seriously wtf was this plan? to build a heavy ass TV, put it on a train 1500 miles to California or Texas, then ship it?? Or ship it within the US?? Why?? Im not a manufacturer and I could think of about 1000000 better locations than rural Wisconsin for a major factory. Like, all of ohio, all of Pennsylvania, all of the south, all of Indiana, anywhere with highways, basically any other place besides North Dakota. Actually. That might be better because they have shipping in place to move vast amounts of oil. Wisconsin people are rubes for real if that was the story told. The only people near Wisconsin are Chicago and Minneapolis, doesn't make sense to put it on RURAL FARMLAND IN WISCONSIN

"Rural" is a little misleading, it was in Racine county, about halfway between Milwaukee and Chicago. It's still kind of rural, and yeah I don't understand why they wanted to do it there. But for example Milwaukee is bigger than Minneapolis, it's not like WI is all just farmland LOL.