Wednesday, December 16, 2020

Wisconsin’s $4.1 billion Foxconn factory boondogg…

This was one of the early cons pulled by trump, shortly after taking office. He and Scott walker put together a deal for the "8th wonder of the world" and it collapsed spectacularly, but with little fanfare.

But it didn't get much press, and so it went unnoticed by the true believers.  There are a lot of elements to this story, and I'd suggest you read them (and more), but the part that struck me was that this was a Taiwan-based company.  Taiwan has a contentious relationship with China, but still still is reliant on China.  So when trump decided on a trade war with China, he undercut this relationship. Because, of course he did.

Anyway, there's a follow up story here:
https://www.theverge.com/21507966/foxconn-empty-factories-wisconsin-jobs-loophole-trump

And another story on CNBC. 

And of course there was a human toll that the guardian reported on:

Walker, trump, and others were only in it for their own selfish reasons, assuredly money.

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