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Re: Another Victory For The Biden Team

Posted by Fisk Ave Jim on Fri May 9 12:32:11 2025, in response to Re: Another Victory For The Biden Team, posted by Olog-hai on Thu May 8 02:42:04 2025.

"... the federal government had to secure the land to build them—but for centuries they were a prime example of the success of private investment."

Two points here, yes the federal govt had to secure the land to build them. Who did they secure the land from?? Native Americans maybe??
But that debate is for another thread

#2...They were indeed successful until progress interfered. Progress like the popularity and practicality of air travel and the "Eisenhauer" interstate system, financed by Uncle Sam (aka taxpayer) that put millions of cars and trucks on the road that werent there before, taking their freight and passengers with it. In addition, the railroads had to pay taxes on their ROWs and strangled by ICC regs on freight rates.
All this coupled with disastrous mergers that led to Conrail and Amtrak.The rest as they say is history

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