Remember when Trump was saying that he was going to bring a whole bunch of jobs to the US by having FoxConn move one of their factories over here.
Well, I remember them saying it was going to be a big plant, then they said it would be a smaller one, then they said it would be a tech hub.
Only thing is........................FoxConn still hasn't built their factory, and they forced the town to buy up the land for their development, and now, the town has had their credit rating downgraded because of it.
Still feel like you are "winning"? The people at Mount Pleasant where the factory was supposed to be built sure don't.
Town residents claim Trump’s FoxConn factory deal failed them
Kewl, so commies are blaming Trump for the company not living up to their commitments? I wonder how many times a day that happens. LMAO
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Trump said that he negotiated a deal with them and that is why they were coming over here. But, sadly, it's still not a done deal, and they are way behind in where they said they would be in both construction and hiring. And yes, that was one of Trump's claimed "victories".
Once again, you can't hold Trump responsible for the actions of the company. If the company isn't living up to their commitment then the State has recourse in civil court..
There is no provision in this "great deal" for penalties if Foxconn fails to perform. Foxconn gets millions of dollars up front from the feds, and from the State of Wisconsin, to assist in building their plant, but they don't have to return any of the tax money they were given if they don't build the plant or deliver the jobs. So no, the state has no recourse at all.
Furthermore, if Trump had done his homework and his due diligence before entering into negotiations with Foxconn, he would have learned that Foxconn has a long history of promising massive investment and jobs, in return for big tax breaks, and then pulling out of the deal, and cutting way back on the jobs which were promised, but keeping the tax money given.
Trump doesn't do homework, or study up on the other side, he just goes with his instincts when he walks in the room. The "Great Negotiator" get snookered again, and the taxpayers in Wisconnsin get stuck paying for it.