Saturday, August 8, 2015

Scott Walker destroyed his state: Wisconsin’s economic cautionary tale

Scott Walker destroyed his state: Wisconsin’s economic cautionary tale

"In 2011, Walker created the Wisconsin Economic Development Corporation to give businesses taxpayer loans and grants. Within a few years, state auditors published reports spotlighting “concerns with WEDC’s administration and oversight of its economic development programs and its financial management.” Specifically, auditors said “WEDC did not require grant and loan recipients to submit information showing that contractually required jobs were actually created or retained” and also noted that money was handed out “in ways that did not consistently comply” with state law.

Much of the cash flowed to Walker’s political allies."

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