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Thursday, July 2, 2009

Gamble on High Speed Rail

Aaron Smith reports:

President Obama is pouring $13 billion into an ambitious high-speed rail project. Some say it will never make money. Some say it will. And still others say profit is not even the point.

Obama's plan is "to jump-start a potential world-class passenger rail" in 10 major corridors, linking cities within the Northeast, California, Florida and other regions with "bullet trains" that exceed 110 miles per hour. State governments are in the process of applying for the federal funds.

link: Visionaries see U.S. high speed rail; critics see subsidies - Jul. 2, 2009


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