Democrats were quick to jump on a report Wednesday that Foxconn was backing away from its promised financial investment in Wisconsin. Too quick, it now appears.
Japan business publication Nikkei Asian Review published a report (that has since changed) claiming that Foxconn plans to cut back on its initial investment in the state. However the Journal Sentinel published an article containing a statement from Foxconn saying otherwise:
“Foxconn can categorically state that our commitment to create 13,000 jobs and to invest US$10 billion to build our state-of-the-art Wisconn Valley Science and Technology Park in Wisconsin remains unchanged,” the company said in a statement. “Foxconn is fully committed to this significant investment and to meeting all contractual obligations with the relevant government agencies.”
Later, the Asian Review changed its headline from, “Foxconn to cut back on initial investment of $10bn Wisconsin plant,” to “Foxconn opts to make smaller displays at Wisconsin plant.” A sub-heading under the new title reads “Major Apple supplier says $10bn investment plan is unchanged.”
Democrats, who have pinned their 2018 election hopes, in part, on investing in failure in the Foxconn development couldn’t hide their glee, re-posting the original article and spreading the news on Facebook. That included the Democratic Party of Wisconsin, Representative Gordon Hintz and Senator Jon Erpenbach, along with many others.
Not surprised but still frustrated because we talked about the possibility of changing markets in order to get better protections for WI taxpayers. WI GOP and Gov Walker refused to listen. https://t.co/XtHco5JlDa
— Jon Erpenbach (@JonErpenbach) May 23, 2018
So the Foxconn project to build LCD screens in WI is already obsolete 9 months after law passed.
“The change in Foxconn’s plans comes as global panel makers face a glut of TV displays that will likely last for years” https://t.co/0ZQDbHNAS9
— Gordon Hintz (@GordonHintz) May 23, 2018
Democrats zeal to see the Foxconn development fail was exposed again, along with their red faces.