The Homa Files

Business Week says:

“By committing $13 billion to high-speed train travel, the Obama Administration is giving long-dormant projects a boost

A priority is a line that would whiz passengers 520 miles from Anaheim to San Francisco in less than three hours and upgrades of Amtrak service in New England and the Midwest to reach speeds of up to 150 mph.”

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The article also notes:

(1) U.S. government analysts concede that it’s impossible to run these hugely expensive networks profitably.

(2) Among the interested investors: Japan Railway, Bombardier, Kawasaki, and Siemens. (Notice anything “interesting” about the list?)

The article glosses over our national success running Amtrak.

That sucking sound you hear is more of money leaving your wallet (assuming that you’re in the half of Americans who pay income taxes)

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Full article: Business Week, “U.S. High-Speed Train Projects Get a Push”, April 23, 2009
http://www.businessweek.com/print/magazine/content/09_18/b4129029604145.htm

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This entry was posted on April 27, 2009 at 7:45 am and is filed under Autos - Travel, Obama Administration, Oil & Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.