The president's boast about Foxconn investing in Wisconsin is precisely along those lines.
The logic of economic geography says that Foxconn's manufacturing costs will be lower in locations like China and India than in the US. Therefore, if Foxconn locates a factory in Wisconsin, it has to work against the flow. It has to make water flow uphill. For which somebody has got to pay.
Which is exactly how it is being worked out.
Luring Foxconn to Wisconsin will "cost $1 billion to $3 billion in local, state and federal incentives over coming years." Suck on that, taxpayers! "If the deal cost $1 billion and the company created 10,000 jobs, the government would spend $100,000 per job."
Did you hear the president talk about this high a cost of job creation? If this is worth it, then why not extend the same deal to every major employer? What is good for the goose is certainly good for the gander, right?
Recall that big moment when the president rewrote the logic of economic geography? You know, when as president-elect he intervened in the Carrier plant brouhaha? He "saved" American jobs? The short attention span that the public has means that he can say whatever and do whatever and then move on. Nothing really maters to him, but matters a lot to us regular people. The latest news about the Carrier plant? Have you forgotten that already? :(
I expect Bernie Sanders to maintain silence on the Carrier plant issue as well as on the Wisconsin story. After all, Sanders was the political left version of trump's "Made in America" bullshit salesmanship. I even expect the entire Democratic Party to stay away from this issue because, well, we know what happened to Hillary Clinton when she spoke the truth--like when she said about coal miners:
Those people labored in those mines for generations, losing their health, often losing their lives to turn on our lights and power our factories. Now we've got to move away from coal and all the other fossil fuels, but I don't want to move away from the people who did the best they could to produce the energy that we relied on.In a trump America of alternative facts, it is more important than ever for politicians to never even accidentally speak the truth!
Is this the real life?
Is this just fantasy?
Caught in a landslide,
No escape from reality
I later read this in a Bloomberg report:
Wisconsin is paying as much as $1 million per job ... Wisconsin shows that Foxconn isn't building the American Dream -- America is building the Foxconn machine.