Winning Trump-style
Posted: Thu Jul 11, 2024 1:47 pm
Trump Wins the Headline He Needs; Everyone Else is Left Holding the Bag
Here is a standard example of Trumpian success during the Trump presidency:
https://www.washingtonpost.com/busines ... in-Trump/
Here is a standard example of Trumpian success during the Trump presidency:
https://www.washingtonpost.com/busines ... in-Trump/
The company, of course, never kept its end of the deal, and Trump’s much-touted great success was a sham. The Democratic governor picked up the pieces after Trump left office (against his will and all his efforts, including the illegal and unconstitutional ones).The original Foxconn deal signed in 2017 called for Wisconsin to provide the firm with nearly $3 billion in tax credits if it created 13,000 jobs at a $10 billion state-of-the art factory for the production of liquid crystal displays, or LCDs — the flat screens used in televisions and other electronics.
Seeing little progress, the state under new Democratic Gov. Tony Evers significantly scaled down the deal after Trump left the White House in 2021, reducing the tax credits Foxconn was eligible to receive to a maximum of $80 million if the company created 1,500 jobs in a tech and manufacturing campus.
Many critics say the original promises were never destined to be kept. Trump and the GOP were looking for a quick political win from the deal, while Foxconn was hoping to placate the Trump administration to stop it from hiking import tariffs on the iPhones the firm assembles in China, said Gordon Hintz, a Democrat and former minority leader in the Wisconsin State Assembly. “It was all about politics,” Hintz said in an interview. “You had a swing state President Trump needed to win … and from Foxconn’s standpoint, President Trump had threatened tariffs on electronics imports. For Foxconn, it was always about evading tariffs.”