“It’s insanity,” says Thomas Finkbiner of the Intermodal Transportation Institute at the University of Denver. “People won’t drive to a train to go someplace. If you are going to drive, why not drive all the way and leave when you want?”
Another Obama boondoggle that we the taxpayers will be on the hook for – the Central Valley bullet train from nowhere to nowhere. I hear Governor Jerry Spend-a-lot is behind it all the way – that’s a sound business advisor for you as he bankrupts his state. The taxpayers don’t want it but the government doesn’t care.
It will cost $3.5 million a day to build.
To keep the federal money (our tax dollars), it will have to acquire 120 permits, 1100 acres of land and will need to be completed by September 2017. [LA Times]
I’m sure that will go smoothly.
I should mention that the first segment to be built, which may be the only section to be built due to costs, is being put in the middle of farmland and the first 58 miles of track is scheduled for a small town where half the residents are in prison. The government knows the situation or at least they did last December when they said –
“The initial segment of the proposed California high-speed passenger train system – from south of Merced to north of Bakersfield in the Central Valley – may be the only part of the vaunted system that’s ever built, warns a new report from the nonpartisan Legislative Analyst’s Office.
It will not only end up costing about a hundred billion dollars but it will require from-now-to-eternity subsidies like Amtrak because it has no chance of being profitable. [LA Times]
Obama, the Investor-in-Chief, wants to give the private company involved, DesertXpress, $4.5 billion because he wants bullet trains over cars. While it’s a “loan,” I think it’s safe to say you can kiss that money goodbye.
The following is a good video from last February that says it all –