MILWAUKEE – “Governor Scott Walker and his Wisconsin Department of Economic Development (“WEDC”) are playing a brilliant shell game with the money of hardworking Wisconsin taxpayers. It’s insulting that the numbers presented in the contract are done to give the deal better optics when in the real world Foxconn could be rewarded for doing much less.
“But the most troubling part of the deal is that the very first question that should have been answered by Walker and his team of economic strategists was, ‘Is Foxconn’s business plan feasible and does it make sense for Wisconsin?’ There is no information available to the public to suggest any efforts on the part of the Walker administration to do an independent feasibility analysis that did not blindly accept the projections offered by Foxconn.
“To my knowledge, we still don’t know if making liquid-crystal display (LCD) panels in Southeastern Wisconsin is financially feasible for Foxconn and what the real consequences are for Wisconsin if our Governor’s hail mary gamble doesn’t pay off. Anyone considering financing a high-risk loan like this one should independently analyze the viability of the plan and its likelihood of success. It appears none of that has been done here.
“From the perspective of Wisconsin taxpayers, we should be closely considering both the known consequences of doing the deal with Foxconn as well as the unintended consequences. Simply put, a Foxconn failure would be disastrous for Wisconsin and set us back by decades.
“Walker is supposed to be negotiating on behalf of Wisconsinites and not on behalf of his new buddy Taiwanese billionaire Gou. But it’s clear that while taxpayers are signing Walker’s paychecks, someone else may be funding his re-election campaign. It’s time for Walker to go! Wisconsinites, I’ll have your back.”