Trump’s Lies and the Foxconn Dream


Doug Mills/The New York Times

❝ Wisconsin is about to shell out as much as $3 billion for the privilege of luring Foxconn Technology Group. At $519 per citizen, it would have been cheaper to buy an iPhone for every man, woman and child in the midwestern state.

Let’s be clear: The big winner isn’t the taxpayer. It’s Foxconn and its billionaire chairman Terry Gou. As I predicted several times, Foxconn would only come to the U.S. if and when his demands were met.

❝ Meet them is exactly what Wisconsin did, with an offering of tax credits, training grants and infrastructure improvements. In return, Foxconn said it will invest $10 billion and create 3,000 jobs.

Let’s take a look at those figures: Wisconsin is paying as much as $1 million per job, which will carry an average salary of $54,000. The state’s economic development corporation is selling the project to taxpayers with a claim that it will create 10,000 construction jobs for building the facility and another 6,000 indirect positions. It’s expecting $3.3 million of investment per employee from the Taiwanese company.

❝ Politicians, lobbyists and Foxconn can make the figures work by being generous with the facts. For example, if every one of those jobs came to fruition, they can claim 29,000 positions for $3 billion, or $103,000 per job. But that’s not going to happen.

Foxconn has factories in China and another dozen countries globally, yet that stated $10 billion investment is more than the group’s publicly traded flagship — Hon Hai Precision Industry Co. — has devoted to capital expenditure over the past five years combined.

RTFA for more details about the lies that will justify this transaction. The process of saving/creating jobs by taxpayers forking over dollar$ up front ain’t new. Especially in a state with a Republican governor. Scott Walker tells lies with the best of ’em – and Trump is better at it than he is.

Terry Gou is laughing all the way to the bank.

“The Mooch” cites anonymous source on Russia – admits Trump is source


AP

❝ New White House communications director Anthony Scaramucci named President Donald Trump as the anonymous source casting doubt on the intelligence community’s consensus that Russia interfered in the 2016 election during a CNN interview on Sunday.

“You know, somebody said to me yesterday — I won’t tell you who — that if the Russians actually hacked this situation and spilled out those e-mails, you would have never seen it,” Scaramucci told “State of the Union” host Jake Tapper on CNN…

❝ “Well, you’re making a lot of assertions here,” Tapper said. “I don’t know who this anonymous person is that said, if the Russians had actually done it, we wouldn’t have been able to detect it, but it is the unanimous —”

“How about it was — how about it was the president, Jake?” Scaramucci said. “I talked to him yesterday. He called me from Air Force One. And he basically said to me, ‘Hey, you know, this is —maybe they did it. Maybe they didn’t do it’…”

Scaramucci’s use and subsequent revelation of Trump as an anonymous source came as the administration continues to slam media outlets for using anonymous sourcing in stories unfavorable to the White House.

I’m not certain what Forest Gump’s position is on government hypocrisy. All my voting lifetime I’ve had to consider and reconsider which Congressional politicians – if any – were worth trusting. Same for the White House. But, the crew in charge, nowadays, surely establishes a new level of acceptance for sophistry, hypocrisy and downright pathological lying.