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| Re: Obama administration proposing federal oversight of subways and light rail (861269) | |||
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Re: Obama administration proposing federal oversight of subways and light rail |
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Posted by Jackson Park B Train on Thu Nov 19 17:17:40 2009, in response to Re: Obama administration proposing federal oversight of subways and light rail, posted by rbseabeach on Thu Nov 19 11:35:45 2009. First, China can be as mad as they wish. If they don't keep our currency healthy, the debt holdings they have become toilet paper.As to the Feds owning or bailing out failed US capitalist entities, how do you think Conrail happened? If the Feds hadn't poured in billions, the bankrupts would have ben torn up. And, going further back, during WWI the Feds seized the entire US mainline RR system because it was logjammed and not moving freight fast enough. The Fed program of mass producing standardised locomotives and freight cars was a huge success--The majority of steam engines built after WW"I were copies of the USRA models the RRs had been given. OTOH, when your friends at GM were producing M16/AR15s for the previous useless and stupid war, they were gouging the DOD at about 3 times what the OEM price had been. (DOD gave them the high price in order to have higher production in a hurry, but hey ripping off the taxpayers is okay when it is major industry, right?) Spend some more time learning the history. |
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