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Now the truth, I do want to credit trump for his work in Wisconsin.
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Feb 11, 2019 13:39:02   #
permafrost (a regular here)
 
Yes, my buds in Wisconsin, my wife home state are indeed seeing what trump can do in his orange tinted world of fantasy..

He is so proud of Foxconn and their new facility in SE Wisconsin..

So be sure to give trump full credit.. he has done the most wonderful deal for them..

A man named David says it so well... let him speak..

oxconn said that it will build flat screens in Wisconsin after their talk with President Trump? Can we give some credit to President Trump for this?
David Douglas
David Douglas, MBA Finance
Updated 36m ago
Sure, let's give President Trump the credit he is due for the Foxconn “deal”. So, let's see what credit he is actually due by examining the deal a little bit.

Let's see what Foxconn got out of it:

4 billion dollars to build a facility here in the United States. Yes, that's billion with a “B”. No company in history has ever received that kind of deal for what they are building.

What do we get out of it:

Well clearly we get a new manufacturing plant here in the United States to help prop up our manufacturing sector…right? That is what we're getting isn't it? I mean that's what the president keeps saying that we're getting…even when Foxconn repeatedly says “no, that's not what we're building”. Hmm…maybe that deserves a little looking into since we have two strongly conflicting statements. So, let's start with the fact that Foxconn is not contractually obligated to produce anything at all! They are building an R&D facility, not a production facility. Well, they're still going to hire a bunch of workers right? No, not really. They will have a couple of hundred research scientists, finance people, and managers on site…many simply being relocated from other locations. I guess that means it won't be much of a job creator. Even if it were, would you care to divide 4 billion by the number of employees to see how much we're paying for these jobs? Aren't you guys supposed to be against make-work jobs? Oh, but Foxconn said they were going to produce flat screen TV's here after all after the deal maker in chief got off the phone with them a few weeks ago right? Didn't they? Because I actually read that release as opposed to the spin from the White House. First, let's recall that they are contractually obligated to build precisely nothing to get that 4 billion dollar handout. Let's also remember that their statement was a press release, not a contract. Then let's look at the press release. It said that they still plan on the building being “at least 2/3 devoted to research”, and that they would look into building some small quantities of small displays. They aren't talking about 40″ flat screen TV's when they say this. They are talking about those tiny little displays that go on washing machines and coffee makers. But hey, they will still need lots of labor for that right? No, those devices will be largely produced in an automated process. There will be a few employees sure…if they actually do it…which they don't have to…but only a handful of laborers will be required.

Does it really still sound like a great deal? Are you sure you want us giving President Trump the credit he is due for this one? Personally, I really hope he does get everything he “deserves” for this deal and for so much more that he's “accomplished”. Oh, and on a side note... Career economists and corporate finance professionals, who tend towards the conservative end of the political spectrum, are literally laughing at the President for this “spectacular” deal that he made.

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Feb 11, 2019 13:44:34   #
padremike (a regular here)
 
permafrost wrote:
Yes, my buds in Wisconsin, my wife home state are indeed seeing what trump can do in his orange tinted world of fantasy..

He is so proud of Foxconn and their new facility in SE Wisconsin..

So be sure to give trump full credit.. he has done the most wonderful deal for them..

A man named David says it so well... let him speak..

oxconn said that it will build flat screens in Wisconsin after their talk with President Trump? Can we give some credit to President Trump for this?
David Douglas
David Douglas, MBA Finance
Updated 36m ago
Sure, let's give President Trump the credit he is due for the Foxconn “deal”. So, let's see what credit he is actually due by examining the deal a little bit.

Let's see what Foxconn got out of it:

4 billion dollars to build a facility here in the United States. Yes, that's billion with a “B”. No company in history has ever received that kind of deal for what they are building.

What do we get out of it:

Well clearly we get a new manufacturing plant here in the United States to help prop up our manufacturing sector…right? That is what we're getting isn't it? I mean that's what the president keeps saying that we're getting…even when Foxconn repeatedly says “no, that's not what we're building”. Hmm…maybe that deserves a little looking into since we have two strongly conflicting statements. So, let's start with the fact that Foxconn is not contractually obligated to produce anything at all! They are building an R&D facility, not a production facility. Well, they're still going to hire a bunch of workers right? No, not really. They will have a couple of hundred research scientists, finance people, and managers on site…many simply being relocated from other locations. I guess that means it won't be much of a job creator. Even if it were, would you care to divide 4 billion by the number of employees to see how much we're paying for these jobs? Aren't you guys supposed to be against make-work jobs? Oh, but Foxconn said they were going to produce flat screen TV's here after all after the deal maker in chief got off the phone with them a few weeks ago right? Didn't they? Because I actually read that release as opposed to the spin from the White House. First, let's recall that they are contractually obligated to build precisely nothing to get that 4 billion dollar handout. Let's also remember that their statement was a press release, not a contract. Then let's look at the press release. It said that they still plan on the building being “at least 2/3 devoted to research”, and that they would look into building some small quantities of small displays. They aren't talking about 40″ flat screen TV's when they say this. They are talking about those tiny little displays that go on washing machines and coffee makers. But hey, they will still need lots of labor for that right? No, those devices will be largely produced in an automated process. There will be a few employees sure…if they actually do it…which they don't have to…but only a handful of laborers will be required.

Does it really still sound like a great deal? Are you sure you want us giving President Trump the credit he is due for this one? Personally, I really hope he does get everything he “deserves” for this deal and for so much more that he's “accomplished”. Oh, and on a side note... Career economists and corporate finance professionals, who tend towards the conservative end of the political spectrum, are literally laughing at the President for this “spectacular” deal that he made.
Yes, my buds in Wisconsin, my wife home state are ... (show quote)


First, you've got to convince us you know what you're talking about and then that it true. Then we get to remind you about Solandra and General Motors, Obamacare and several other Obama pet projects huh?

| Reply
Feb 11, 2019 13:47:20   #
Kevyn (a regular here)
 
permafrost wrote:
Yes, my buds in Wisconsin, my wife home state are indeed seeing what trump can do in his orange tinted world of fantasy..

He is so proud of Foxconn and their new facility in SE Wisconsin..

So be sure to give trump full credit.. he has done the most wonderful deal for them..

A man named David says it so well... let him speak..

oxconn said that it will build flat screens in Wisconsin after their talk with President Trump? Can we give some credit to President Trump for this?
David Douglas
David Douglas, MBA Finance
Updated 36m ago
Sure, let's give President Trump the credit he is due for the Foxconn “deal”. So, let's see what credit he is actually due by examining the deal a little bit.

Let's see what Foxconn got out of it:

4 billion dollars to build a facility here in the United States. Yes, that's billion with a “B”. No company in history has ever received that kind of deal for what they are building.

What do we get out of it:

Well clearly we get a new manufacturing plant here in the United States to help prop up our manufacturing sector…right? That is what we're getting isn't it? I mean that's what the president keeps saying that we're getting…even when Foxconn repeatedly says “no, that's not what we're building”. Hmm…maybe that deserves a little looking into since we have two strongly conflicting statements. So, let's start with the fact that Foxconn is not contractually obligated to produce anything at all! They are building an R&D facility, not a production facility. Well, they're still going to hire a bunch of workers right? No, not really. They will have a couple of hundred research scientists, finance people, and managers on site…many simply being relocated from other locations. I guess that means it won't be much of a job creator. Even if it were, would you care to divide 4 billion by the number of employees to see how much we're paying for these jobs? Aren't you guys supposed to be against make-work jobs? Oh, but Foxconn said they were going to produce flat screen TV's here after all after the deal maker in chief got off the phone with them a few weeks ago right? Didn't they? Because I actually read that release as opposed to the spin from the White House. First, let's recall that they are contractually obligated to build precisely nothing to get that 4 billion dollar handout. Let's also remember that their statement was a press release, not a contract. Then let's look at the press release. It said that they still plan on the building being “at least 2/3 devoted to research”, and that they would look into building some small quantities of small displays. They aren't talking about 40″ flat screen TV's when they say this. They are talking about those tiny little displays that go on washing machines and coffee makers. But hey, they will still need lots of labor for that right? No, those devices will be largely produced in an automated process. There will be a few employees sure…if they actually do it…which they don't have to…but only a handful of laborers will be required.

Does it really still sound like a great deal? Are you sure you want us giving President Trump the credit he is due for this one? Personally, I really hope he does get everything he “deserves” for this deal and for so much more that he's “accomplished”. Oh, and on a side note... Career economists and corporate finance professionals, who tend towards the conservative end of the political spectrum, are literally laughing at the President for this “spectacular” deal that he made.
Yes, my buds in Wisconsin, my wife home state are ... (show quote)

Walker said the state couldn’t pay decent wages to cops, firefighters and teachers but had four billion to hand to an Asian company with a piss poor record of following through with similar deals. Wisconsin will be paying for his buffoonery for decades.

| Reply
Feb 11, 2019 14:00:57   #
maximus (a regular here)
 
Kevyn wrote:
Walker said the state couldn’t pay decent wages to cops, firefighters and teachers but had four billion to hand to an Asian company with a piss poor record of following through with similar deals. Wisconsin will be paying for his buffoonery for decades.


Fortunately, there is no charge for your buffoonery.

| Reply
Feb 11, 2019 14:02:57   #
padremike (a regular here)
 
maximus wrote:
Fortunately, there is no charge for your buffoonery.


That's because his buffoonery is cheap to begin with and not ever in demand.

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Feb 11, 2019 14:21:46   #
Sew_What (a regular here)
 
padremike wrote:
First, you've got to convince us you know what you're talking about and then that it true. Then we get to remind you about Solandra and General Motors, Obamacare and several other Obama pet projects huh?


Okay, jump ahead and prove that it isn't true.

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Feb 11, 2019 15:09:41   #
padremike (a regular here)
 
Sew_What wrote:
Okay, jump ahead and prove that it isn't true.


Not my job to prove a negative any progressive claims. That would require a staff of dozens and people who didn't mind wasting their time.

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Feb 11, 2019 16:01:49   #
permafrost (a regular here)
 
padremike wrote:
First, you've got to convince us you know what you're talking about and then that it true. Then we get to remind you about Solandra and General Motors, Obamacare and several other Obama pet projects huh?




Our friend David covered the issue very well.. we stand pat on his comments..

Solandra committed fraud and cost a lot of people a lot of money..

The govt program that Solandra pilfered in time made money, millions of dollars for the American citizens..

GM did well for years until hit by tariffs, who would have done such a thing??

Then they lost a billion dollars, closed 5 factories and laid off 15,000 people..

The ACA has gained more then ever, even with the sabotage of the republicans..

No plan to replace it, they still work to destroy it.. that should be remembered by all Americans..



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Feb 11, 2019 16:18:33   #
truthiness
 
padremike wrote:
Not my job to prove a negative any progressive claims. That would require a staff of dozens and people who didn't mind wasting their time.


Try this, Mike.
Sincerely,
Staff of One who "wasted" three minutes.

https://www.chicagotribune.com/business/ct-biz-foxconn-plant-hiring-target-20190205-story.html

As you know, The Chicago Tribune is and always has been a conservative paper.

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Feb 11, 2019 16:20:00   #
BigMike (a regular here)
 
padremike wrote:
First, you've got to convince us you know what you're talking about and then that it true. Then we get to remind you about Solandra and General Motors, Obamacare and several other Obama pet projects huh?


And then he should tell us what Obama was doing about it.

| Reply
Feb 11, 2019 16:28:22   #
slatten49 (a regular here)
 
"Nothing, absolutely nothing can be said or written to convince zealots from either side of the ideological or political persuasion of facts they absolutely refuse to believe. One may as well attempt to pi** out a raging forest fire."

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Feb 11, 2019 17:38:19   #
lpnmajor (a regular here)
 
permafrost wrote:
Yes, my buds in Wisconsin, my wife home state are indeed seeing what trump can do in his orange tinted world of fantasy..

He is so proud of Foxconn and their new facility in SE Wisconsin..

So be sure to give trump full credit.. he has done the most wonderful deal for them..

A man named David says it so well... let him speak..

oxconn said that it will build flat screens in Wisconsin after their talk with President Trump? Can we give some credit to President Trump for this?
David Douglas
David Douglas, MBA Finance
Updated 36m ago
Sure, let's give President Trump the credit he is due for the Foxconn “deal”. So, let's see what credit he is actually due by examining the deal a little bit.

Let's see what Foxconn got out of it:

4 billion dollars to build a facility here in the United States. Yes, that's billion with a “B”. No company in history has ever received that kind of deal for what they are building.

What do we get out of it:

Well clearly we get a new manufacturing plant here in the United States to help prop up our manufacturing sector…right? That is what we're getting isn't it? I mean that's what the president keeps saying that we're getting…even when Foxconn repeatedly says “no, that's not what we're building”. Hmm…maybe that deserves a little looking into since we have two strongly conflicting statements. So, let's start with the fact that Foxconn is not contractually obligated to produce anything at all! They are building an R&D facility, not a production facility. Well, they're still going to hire a bunch of workers right? No, not really. They will have a couple of hundred research scientists, finance people, and managers on site…many simply being relocated from other locations. I guess that means it won't be much of a job creator. Even if it were, would you care to divide 4 billion by the number of employees to see how much we're paying for these jobs? Aren't you guys supposed to be against make-work jobs? Oh, but Foxconn said they were going to produce flat screen TV's here after all after the deal maker in chief got off the phone with them a few weeks ago right? Didn't they? Because I actually read that release as opposed to the spin from the White House. First, let's recall that they are contractually obligated to build precisely nothing to get that 4 billion dollar handout. Let's also remember that their statement was a press release, not a contract. Then let's look at the press release. It said that they still plan on the building being “at least 2/3 devoted to research”, and that they would look into building some small quantities of small displays. They aren't talking about 40″ flat screen TV's when they say this. They are talking about those tiny little displays that go on washing machines and coffee makers. But hey, they will still need lots of labor for that right? No, those devices will be largely produced in an automated process. There will be a few employees sure…if they actually do it…which they don't have to…but only a handful of laborers will be required.

Does it really still sound like a great deal? Are you sure you want us giving President Trump the credit he is due for this one? Personally, I really hope he does get everything he “deserves” for this deal and for so much more that he's “accomplished”. Oh, and on a side note... Career economists and corporate finance professionals, who tend towards the conservative end of the political spectrum, are literally laughing at the President for this “spectacular” deal that he made.
Yes, my buds in Wisconsin, my wife home state are ... (show quote)


These kinds of deals get made all the time. 5 Years ago, my State floated a $100,000,000 bond to buy land, build utilities, and build a steel plant for Nucor in an economically depressed area........................which has yet to turn a single dirt clod. We now own a very expensive ( and worthless ) piece of property.

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Feb 11, 2019 17:45:03   #
padremike (a regular here)
 
lpnmajor wrote:
These kinds of deals get made all the time. 5 Years ago, my State floated a $100,000,000 bond to buy land, build utilities, and build a steel plant for Nucor in an economically depressed area........................which has yet to turn a single dirt clod. We now own a very expensive ( and worthless ) piece of property.


How did Bush do that during Obama's tenure?

| Reply
Feb 11, 2019 19:09:10   #
Common_Sense_Matters
 
lpnmajor wrote:
These kinds of deals get made all the time. 5 Years ago, my State floated a $100,000,000 bond to buy land, build utilities, and build a steel plant for Nucor in an economically depressed area........................which has yet to turn a single dirt clod. We now own a very expensive ( and worthless ) piece of property.


padremike wrote:
How did Bush do that during Obama's tenure?


Please point out for me any mention of either Bush or Obama. While it did occur during Obama's term, presidents do not always nor even typically step in to procure deals at the county or state levels.

The topic of this thread however is pertaining to a deal in which Trump personally stepped in to attempt to procure a sweetheart deal for the American public, one that he is touting as a success and further proof of his awesome business prowess, that backfired and turned into a sweetheart deal for a Chinese manufacturer. you are comparing apples and oranges.

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Feb 11, 2019 20:32:43   #
padremike (a regular here)
 
Common_Sense_Matters wrote:
Please point out for me any mention of either Bush or Obama. While it did occur during Obama's term, presidents do not always nor even typically step in to procure deals at the county or state levels.

The topic of this thread however is pertaining to a deal in which Trump personally stepped in to attempt to procure a sweetheart deal for the American public, one that he is touting as a success and further proof of his awesome business prowess, that backfired and turned into a sweetheart deal for a Chinese manufacturer. you are comparing apples and oranges.
Please point out for me any mention of either Bush... (show quote)


Indeed, we do need a satire button. So if the topic was about Trump's deal I forget what exactly did that have to do with $100,000,000 deal five years ago? Perhaps I missed something?

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