permafrost Loc: Minnesota

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 dev**ed 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.

padremike Loc: Phenix City, Al

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?

Kevyn

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.

maximus Loc: Chattanooga, Tennessee

Fortunately, there is no charge for your buffoonery.

padremike Loc: Phenix City, Al

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

Sew_What

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

padremike Loc: Phenix City, Al

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.

permafrost Loc: Minnesota

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..

truthiness

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.

BigMike Loc: yerington nv

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

slatten49 Loc: Lake Whitney, Texas

"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."

lpnmajor Loc: Arkansas

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 Loc: Phenix City, Al

How did Bush do that during Obama's tenure?

Common_Sense_Matters

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.

padremike Loc: Phenix City, Al

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?