A Democratic candidate for governor, Rep. Dana Wachs, said the Walker administration has invested “too much in one company” in the Foxconn deal, and he would look to change the terms of the contract if he’s elected.
“I think by and large this company has somewhat of a checkered history,” the Eau Claire Dem said on “UpFront with Mike Gousha,” produced in partnership with WisPolitics.com.
“I think by and large we can expect there’ll probably be some form of a breach of the contract on their end. If that happens, then in that event I want to talk about some new terms for this contract,” Wachs said.
Wachs said Foxconn is a risky investment in one company in an industry that is “prone to change.” He said the administration could have spurred the development of “tens of thousands of new businesses” all over Wisconsin with the billions it spent on Foxconn.
One takeaway from the Foxconn deal, Wachs said, is that “we’ve had the money all along,” noting Gov. Scott Walker’s cuts to education and his statements early in his first term that Wisconsin was broke.
“What Foxconn does prove is we’ve got the money. We’ve just got to have the will to use it on regular folks, not just huge corporations,” he said. “We’ve got to invest in regular people.”
Former Racine Mayor John Dickert – now president of the Great Lakes and St. Lawrence Cities Initiative – said mayors of Great Lakes cities see Foxconn and the Lake Michigan water diversion as a “first” to be closely watched.
Dickert said leaders of Great Lakes cities have long anticipated “a migration” of industry back to the region.
“The mayors are all saying, since this is the first and the biggest to come back to the Great Lakes; we want to make sure this is done right,” he said.
“It’s all about supply and demand. We have an oversupply right now of milk. The demand is actually really good, and we’re getting it moved out in the countryside, and then we’re also doing a lot of exporting. We just need to get that balance back in place,” he said.
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