The Obama Express is about to leave the station. The president wants to
spend invest $53 billion more on his high-speed train set.
I have some questions for my readers. I’ve been out of the country for a very long time and it is entirely possible that I’ve missed a few things. So please help me out here.
- Are Americans from coast to coast clamoring for high-speed train service? I do my best to keep–up with what is going on back home but I’ve not seen any evidence that high -speed train service is a hot topic.
- Does anybody have any idea what the likely total cost will be for this project? Or maybe cost isn’t important. I mean this is America, the richest country in the world, right?
- Who is really behind this project? Surely some friends of government are looking to make big bucks out of this boondoggle.
- Does the President know the difference between “investment” and “spend”? I mean back when I worked in industry, when we made a capital investment proposals, we had to show our estimate of ROI (Return On Investment) and our estimate of the Pay Back period. So does anybody know what the ROI and Pay Back estimates are?
- If a high-speed train set is such a good investment, why isn’t a private industry willing to put their money at risk? Do you think that maybe private industry sees this project as a black-hole for sucking-in money?
I have a lot more questions but if you all could help me out with these five, it would really help me a lot.
Let me leave you with something to think about. Down here in Venezuela they often interchange these words: “Communism” with “State Capitalism”. Just ask Obama to talk to Chavez. He’ll explain it to him.