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Noreen Seebacher
User Rank
Blogger
Re: Job "Training"
Noreen Seebacher   4/4/2012 11:15:44 AM
NO RATINGS
The thing is he is doing just fine right now hauling freight, so not sure he would be that intrigued with passenger rail.

Street Smart
User Rank
Platinum
Re: Job "Training"
Street Smart   4/4/2012 11:09:29 AM
NO RATINGS
Warren Buffett would be perfect, @Noreen, and I don't mean to be cynical.  I just feel like everybody these days wants their guaranteed tax breaks and has their lobbyists in tow and nothing gets done.  He would certainly be the one to break the logjam! 

Dex
User Rank
Iron
Re: Job "Training"
Dex   4/4/2012 11:02:02 AM
NO RATINGS
I think you make an excellent case for an expanded role for private enterprise in terms of rail. We don't have national airlines, do we?

Noreen Seebacher
User Rank
Blogger
Re: Job "Training"
Noreen Seebacher   4/4/2012 10:24:43 AM
NO RATINGS
But what about private enterprise?

The Channel Tunnel, undertaken to connect England and France via an underground tunnel, represents one of the largest privately funded construction projects ever undertaken. It required the cooperation of two national governments, bankers underwriting the funding for the project, numerous contractors, and several regulatory agencies.

Surely someone --Warren Buffett? -- understands the merit and potential profit in revitalizing the US rail system?

Street Smart
User Rank
Platinum
Job "Training"
Street Smart   4/4/2012 8:55:55 AM
NO RATINGS
I thought one of the most compelling things about Obama's early rhetoric was his emphasis on rebuilding infrastructure in America.  I really thought it was the post-millennial answer to the moon race to re-invigorate our country.

But then reality intruded in the form of politics.  The stimulus was squandered, the anti-labor Republicans dug in for the long fight, and the deficit ballooned.  And oh yes, the unemployment rate stayed stubbornly high...

These days @Joey I can read your fine piece of reporting and analysis on the need for enhanced rail in the US and think...not an icecube's chance in you know where. The jobs promised would all be labor jobs; the costs would be astronomical; and the fact that benefits would be hard to quantify means that the Federal government would have to supply the drive and vision that the private sector would not.

Sadly, I think new infrastructure plans will remain on hold in the short term.

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