Sunday, February 25, 2018

Scott Walker Is Bankrupting Wisconsin

The Governor of Giveaways:
Walker is using government to build the economy, and on a scale that has never been equaled in Wisconsin history. No governor in state history, Republican or Democrat, has come close to spending so much in taxpayer dollars to subsidize one business, with the total handout for Foxconn now at nearly $4.1 billion. In fact, no government in America has ever spent this much money to subsidize development by a foreign business. 
Under Walker, it’s almost as though the private sector can no longer function without government handouts. The state handed out subsidies to 59 companies in 2017 alone.
And the amount of subsidy keeps growing. Walker, is spending eight times more tax dollars per job created for Foxconn than he was previously spending, as the Journal Sentinel found. But the actual total of $315,000 per job spent on Foxconn’s promised 13,000 jobs is 12 times higher than Doyle spent per job (about $25,000) for Mercury Marine and 217 times higher than Republican Gov. Tommy Thompson spent ($8.25 million for 5,700 jobs) to subsidize General Motors In Janesville in 1988.
Go read the entire article. Walker and his Wisconsin Republican cronies have no clue regarding economic development or the economy. They are simply dutiful little soldiers using Wisconsin taxpayers' dollars to enrich their cronies and campaign contributors.

This is not leadership. This is not governance.

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