WI Gov. Scott Walker's Crony Capitalism-
"It could be that the Taiwanese technology firm Foxconn really will build a sprawling factory in Wisconsin and hire thousands of workers. But the deal that Walker wants Wisconsin taxpayers to fund—a $3 billion giveaway package in return for the promise that a $10 billion plant will be developed in the southeastern corner of the state—is so bad that the Bloomberg View business editors label Walker’s approach "generally an awful way to lure jobs."
"In short," they editorialized last week, "Wisconsin's plan is likely to help a few people in an unpromising industry find temporary work before they’re displaced by technology—and to do so at the expense of everyone else in the state."
That isn't just "a bad deal," argues Michael Hicks, director of the Center for Business and Economic Research at Indiana’s Ball State University. "It is an over-the-top bad deal for Wisconsin."...
Now Walker is running for re-election and he is so desperate for a job-creation "win" that he's not bargaining. He's giving away the store.
That's bad economics and, perhaps, bad politics.