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'Foxconn Was a Major Con': Backed by Trump Promises and $4 Billion in Subsidies, Company Admits Factory Jobs Not Coming

'Foxconn Was a Major Con': Backed by Trump Promises and $4 Billion in Subsidies, Company Admits Factory Jobs Not Coming

Jake Johnson, staff writer

President Donald Trump, Wisconsin's former Republican Gov. Scott Walker, and former House Speaker Paul Ryan (R-Wis.) spent a lot of time at press events and photo-ops last year touting the 13,000 manufacturing jobs Foxconn was supposedly going to create in the U.S., but—as with many of his job claims—the president's soaring promises are looking increasingly hollow.

All of the jobs Hair Trump has created report directly to Robert Mueller.

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The true nature of America is now on full display. We are grifters, and we are victims.
Many years ago Hunter Thompson said this of the USA “ we are a nation of 220 million used car salesmen, with enough money to buy all the guns we want and shoot anybody that makes us feel uncomfortable.”
I stand by that appraisal.

“The hog is in the tunnel. The fat is in the fire.”

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Foxconn ‘special assistant’ Woo sez:
“In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment.”

You’re still going to need that $4 billion from the taxpayers, though. Right?

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You won’t be needing the jobs anyway, since Wisconsin’s habitat collapse continues on.

Factories have a difficult time operating when everything around it is falling apart.

Yes, the Republicans lie and ignore reality.

But everyone is finding out there are limits to growth. Stay tuned.

And the fleecing of America continues under republican rule. When will Americans learn? I guess not until us baby boomer generation dies off, most of them I know are getting by fairly good as we were given a good education from the public schools and college was affordable. The next generation did okay? but it has been almost 40 years since Nixon republicans won more power and exerted their policies to destroy democracy and a long came another crop of crooks running this so called democracy. The oligarchs are winning. Buying off everyone in their way.

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IF "the company (FoxCon) is completely walking back its plan to builda $10 billion factory in Wisconsin, and not hire the workers it claimed,.then the people of Wisconsin must “walk-back” the entire $4 Billion in subsidies that was a fraud and con from the beginning!..whatever trump And his little tool scott walker made a deal for…it’s their criminal fraud “deal”, let them pay for it!

This is a fraud plain and simple and the company and its shills must pay the freakin price and be prosecuted to the fullest!..will this trump regime corruption, lies, and deceit to serve big-money and environmental polluters ever stop?!

BS!

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I would like to think that Muller has been looking at everything trumps has done since his first draft recusal, I seriously doubt that trump has ever done a legitimate business deal his whole life, for him it’s about screwing the other side out of as much as he can get, his whole life has been one big con.job, he can’t tell the truth, it’s not in him, he likes being a liar, thinks it makes him smarter than anyone who speaks that truth. His so called presidency is a major con.

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Conned by conmen, what a shock!

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His eulogy of Richard Nixon was just prescious. Can you imagine a modern writer saying that a president “was so crooked that he had to have two aids help him screw his pants on every morning?”

Of course his appraisal of Bill Clinton in 1992 was spot on. “He could soar with the highest of eagles, and wallow with the wildest of swine.” After that he told us not to trust slick Willy. And here we are.

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“The Art of the Deal”,oops, I mean the art of the con…
Adam Smith is surely spinning in his grave.
“The interest of [businessmen] is always in some respects different from, and even opposite to, that of the public … The proposal of any new law or regulation of commerce which comes from this order … ought never to be adopted, till after having been long and carefully examined … with the most suspicious attention. It comes from an order of men … who have generally an interest to deceive and even oppress the public”
― Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations. Volume 1 of 2

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When Trump announced his POTUS bid in June 2015 his most recognizable quote to date was “YOU"RE FIRED”. The Foxconn deal dovetails perfectly with that mantra !

GOP voters in general and Trump voters in particular are committed to creating and maintaining their fact free environments in which they take great pride despite it undermining them.

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OMG…the rump just made up that 13,000 jobs figure. Foxconn execs probably never gave Wisconsin, or the rump, that number. They must have cringed when he said that, knowing it would look even worst than what they had already planned.

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Have to wonder how much money it took to grease Walker’s and Ryan’s palms. Those two are probably laughing all the way to the bank, right now.

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Its not just Republicans ,Dem. Gov Jay Inslee of Wa. gave 9 billion of tax payer money to Boeing.

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Foxconn should read: “Foxcon”…more appropriate…But, why blame them if there are political idiots that continue to give away the taxpaers’ monies and call it “…the free market”…Oh, well. It is “free” to the exploiter and pain to the exploited. Wake up America!

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Foxconn - “For Apple, Hon Hai Precision Industry is not just a subcontractor. It is a business partner.”

  • says Nikkei staff writer Yuichiro Kanematsu in the Asian Review. So Apple’s ‘partner’ fleeced Wisconsin out of $4 billion, and, instead of a production facility with 13,000 jobs, is going to put the bucks into R&D, which will give them both an added leg up as global tech juggernauts. What a deal, America. Apple Pie!
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Me too!

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The Obama administration, in December of 2016, did a report on automation and it said that as many as 40% or so of jobs will be eliminated because of AI and automation. It addressed the issue of ownership once, only to point out that because of the ownership structure of the economy (i.e., traditional private ownership), because of the fact that (right now) capital is highly mobile, and because of power differentials, that automation was going to intensify class conflict. Entirely true. Worker and public ownership is place-based. Traditional private enterprise can be, but isn’t necessarily so. Worker-owned and public enterprises are necessarily place based. Those that own the enterprise will be relatively close to that enterprise, and will be in the same country (although Mondragon has massively grown and now employs people in other countries. As a result, it is struggling as to how to figure out how to hold onto actual worker ownership if an increasing share of its workforce don’t own the enterprise). Workers that own a company will necessarily live close to the company, the money made will largely stay local and won’t leave like it does from absentee ownership, and worker cooperatives are internally democratic, equitable, and am important means of skill and educational attainment. Many of those things hold for public ownership too, although the flow of money would go to the government and not workers. So, ownership of enterprises is, and should be, a main point of debate in the coming decades. The environmental crisis will bring down capitalism as we know it. So, the question is whether or not what takes its place will be democratic and equitable, or undemocratic, inequitable and hierarchical.

AI-driven technological change could lead to even larger disparities in income between capital owners and labor. For example, Brynjolfsson and McAfee argue that current trends in the labor market, such as declining wages in the face of rising productivity, are indicative of a more drastic change in the distribution of economic benefits to come. Rather than everyone receiving at least some of the benefit, the vast majority of that value will go to a very small portion of the population: “superstar-biased technological change.” Superstar-biased technological change is somewhat similar to skill-biased technological change, but the benefits of technology accrue to an even smaller portion of society than just the highly-skilled workers. The winner-take-most and winner-take-all nature of the information technology market means that the fortunate few are likely to emerge as victors of the market. This would exacerbate the current trend in the rising fraction of total income going to the top 0.01 percent

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