Wisconsin commissioned an independent report on how to fix the Foxconn deal. Result: it can't be done.

In 2017, Trump and then-Wisconsin Governor (and Koch darling) Scott Walker announced that they would give Chinese manufacturing giant $3B in taxpayer subsidies to open the only flat panel display factory in the western hemisphere (the figure quickly grew to $4.1B), despite the company's long, documented history of lying to governments, sucking up subsidies, and never delivering the promised facilities or jobs.

And indeed, even as the state of Wisconsin was seizing family homes and bulldozing them to make way for the factory, the factory itself kept getting scaled back, and back, until the whole thing turned into a plan to buy some empty office buildings and do nothing with them, which was shady even by Foxconn standards.

The Foxconn chaos contributed to the Wisconsin governorship flipping, and the new governor Tony Evers has directed his state Department of Administration to commission a research report on salvaging the deal: that report, undertaken by Timothy J Bartik for the Upjohn Institute for Employment Research, is now live.

The report is clear: there is no way to salvage this deal. Either Foxconn has to return most of the cash it's already received and then follow through with most of the new facilities it promised, or the jobs that Foxconn creates in Wisconsin will cost the state more than could possibly be justified.

Indeed, this has been the case from the start, but Foxconn contracted with a leading firm of grift-enablers, EY (formerly Ernst & Young), to present a misleading business-case to justify the deal in the first place. Read the rest