Trump’s Foxconn debacle is ‘very damaging

F

floridafan

Verified User
President Donald Trump’s widely touted deal to bring more manufacturing jobs to Wisconsin took a major hit this week after Foxconn announced that is now reconsidering its original plans to manufacture LCD panels in the United States.

In fact, according to a Reuters report, Foxconn has now said that it “intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.”

CNN polling analyst Harry Enten said on Thursday that there’s simply no way to sugarcoat how bad this is for the president, who had hyped up the deal in 2017 during an event at the White House.

“Donald Trump won the presidency because he broke through that blue wall in the Midwest — Wisconsin, Michigan, Pennsylvania,” Enten said. “Donald Trump made promises about bringing back these blue-collar jobs. And if he’s not bringing those back, then those Midwestern states may swing just a little bit more than nationally, and you could get a situation where maybe the Democrat wins by two points in the national vote, but actually wins the electoral college this time.”

The bottom line, said Enten, is that “stuff like this is very damaging to the president” because “he’s the jobs president, and if he can’t bring jobs, what exactly is he doing?
 
It will mean nothing. Trumplestilskins believe in the fantasy world of Trump. If Trump says it, it must be so. What he says today has nothing to do with what he said yesterday. His 33 percent is rock solid. If he shot Pelosi in the Whitehouse, the Daffy people would applaud.
 
Foxconn has a history of making big announcements they never follow through on. But hey, they got a white house hamberder and a selfie with the Trump for free. That's all they ever wanted.
 
Nordberg said:
It will mean nothing. Trumplestilskins believe in the fantasy world of Trump. If Trump says it, it must be so. What he says today has nothing to do with what he said yesterday. His 33 percent is rock solid. If he shot Pelosi in the Whitehouse, the Daffy people would applaud.
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You seriously do need to shut the fuck up Nerdberg, you're always so full of piss and wind.

UPDATE 2-Foxconn vows to build Wisconsin plant after talk with Trump
PUBLISHED 13 MIN AGO
Reuters
(Adds meeting with Wisconsin governor and quotes from governor; adds background)

WASHINGTON/CHICAGO, Feb 1 (Reuters) - Foxconn Technology said on Friday it will build a factory in Wisconsin after the company’s chairman spoke to U.S. President Donald Trump, following a Reuters report earlier this week that the Taiwanese company was reconsidering its plans.


Reuters reported that Foxconn was reconsidering making liquid crystal display panels at a planned $10 billion Wisconsin campus and intended to hire mostly engineers and researchers there. But after conversations between Trump and Foxconn Chairman Terry Gou, the company said it would move “forward with our planned construction of a Gen 6 fab facility,” which is a type of plant that produces displays.

The 20-million-square-foot campus marked the largest investment for a brand new location by a foreign-based company in U.S. history when it was announced at a White House ceremony in 2017. It was praised by Trump as proof of his ability to revive American manufacturing. The apparent reversal was seized upon by Democrats in Congress this week.

Trump tweeted on Friday: “Great news on Foxconn in Wisconsin after my conversation with Terry Gou!”

Heavily criticized in some quarters, the Foxconn project was championed by Wisconsin’s then governor, Scott Walker, a Republican who helped secure around $4 billion in tax breaks and other incentives before leaving office. Critics called the deal a corporate giveaway that would never result in the promised manufacturing jobs and said it posed serious environmental risks.

Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the facility, which is under construction. It later said it would build smaller Generation 6 LCD screens instead.

In comments published on Wednesday, Louis Woo, special assistant to Foxconn’s Gou, told Reuters those plans might be scaled back or even shelved, citing the steep cost of making advanced TV screens in the United States, where labor expenses are comparatively high.

After the Reuters report, Foxconn, a major supplier to Apple Inc, issued a statement confirming the global market environment that existed when the project was first announced had changed and necessitated the adjustment of plans for all projects, including Wisconsin. ”

By Friday the company shifted again. The “campus will serve both as an advanced manufacturing facility as well as a hub of high technology innovation for the region,” Foxconn said in a statement. The statement did not reiterate its commitment to create 13,000 jobs as it did on Wednesday.

Woo spoke with Wisconsin’s new Democratic governor, Tony Evers, a past critic of the deal, on Friday, Evers told reporters. The governor’s office said on Wednesday Evers’ team had been “surprised” by Woo’s comments on changing plans.

From what I heard today... it looks like theyre going to focus on the generation 6 technology, ” Evers said. They made commitments and were going to make sure they live up to them. (Reporting by David Shepardson in Washington and Karen Pierog in Chicago; editing by Leslie Adler)
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http://n.webull.com/page/news?url=h...lk-with-trump.html&theme=2&color=1&hl=en&sp=1
 
Last edited:
floridafan said:
President Donald Trump’s widely touted deal to bring more manufacturing jobs to Wisconsin took a major hit this week after Foxconn announced that is now reconsidering its original plans to manufacture LCD panels in the United States.

In fact, according to a Reuters report, Foxconn has now said that it “intends to hire mostly engineers and researchers rather than the manufacturing workforce the project originally promised.”

CNN polling analyst Harry Enten said on Thursday that there’s simply no way to sugarcoat how bad this is for the president, who had hyped up the deal in 2017 during an event at the White House.

“Donald Trump won the presidency because he broke through that blue wall in the Midwest — Wisconsin, Michigan, Pennsylvania,” Enten said. “Donald Trump made promises about bringing back these blue-collar jobs. And if he’s not bringing those back, then those Midwestern states may swing just a little bit more than nationally, and you could get a situation where maybe the Democrat wins by two points in the national vote, but actually wins the electoral college this time.”

The bottom line, said Enten, is that “stuff like this is very damaging to the president” because “he’s the jobs president, and if he can’t bring jobs, what exactly is he doing?
Click to expand...

Bring jobs? did you see the jobs numbers for January? Are you kidding?
 
Havana Moon said:
You seriously do need to shut the fuck up Nerdberg, you're always so full of piss and wind.



http://n.webull.com/page/news?url=h...lk-with-trump.html&theme=2&color=1&hl=en&sp=1
Click to expand...

So they talked with Trump, which is what they did to begin with, reasserted their original promise (as if it got cheaper to manufacture large screen displays) without the promise of creating 13,500 jobs, and dumb fucks like you think they will now do as they promised while ignoring the past history of both Foxconn, and the other con Trump.
 
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