The Central Planner intends on spending $53 billion of other people’s money to build toy trains.
President Barack Obama is calling for a six-year, $53 billion spending plan for high-speed rail, as he seeks to use infrastructure spending to jump-start job creation.
Obama’s push for high-speed rail spending is part of his broad goal of creating jobs in the short-term and increasing American competitiveness for the future through new funding for infrastructure, education and innovation. During last month’s State of the Union address, Obama said he wanted to give 80 percent of Americans access to high-speed rail within 25 years.
I was actually planning on penning a piece giving Obama a break when I opened Firefox to see that piece. I’ll write much more on what we know about high speed rail in the future, but I wanted it on the record that this action demonstrates rather clearly that Mr. Obama is listening to the wrong people. Did some of his advisers just get back from a Junket? Someone ought to hand the President a copy of this.
Glad to see that the President knows that 80% of us will want and need high speed rail in the next 25 years. I wonder how he came to that conclusion. For those of you not familiar with high speed rail, it is the ultimate white elephant. They do not ever make economic sense, and very rarely even make environmental sense, and in fact, do little to improve traffic conditions and can arguably make them worse. I am sure the President thoughtfully weighed all of that against the benefits of paying off American labor and getting a private thrill at taking a really fun fast train ride. My future posts will summarize a little of what we know about the costs and environmental impact of high speed rail.