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Obama spends $600 million on rail projects that benefit private companies Read more

j-mac

j-mac

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WASHINGTON — The railroad industry brags in its national publicity campaign that it spends billions of dollars improving its infrastructure “so taxpayers don’t have to.”But the ads don’t tell everything. The nation’s freight rail network has been the quiet recipient of more than $600 million in federal investment during the Obama administration.
According to Federal Railroad Administration numbers, at least half that amount has gone to projects that benefit the nation’s four largest railroads, the same companies at the heart of the industry’s ubiquitous “Freight Rail Works” campaign.
That doesn’t even include tens of millions more that states have contributed for additional investment in ports and high-speed passenger trains that’s boosted the nation’s freight railroads.

Read more here: WASHINGTON: Obama spends $600 million on rail projects that benefit private companies | Economy | McClatchy DC
WASHINGTON: Obama spends $600 million on rail projects that benefit private companies | Economy | McClatchy DC
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Well, Buffet backing Obama's play has certainly paid off hasn't it?
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

Is that so the FEMA trains have tracks to come get us on?
j-mac said:
Well, Buffet backing Obama's play has certainly paid off hasn't it?
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Re: Obama spends $600 million on rail projects that benefit private companies Read m

mak2 said:
Is that so the FEMA trains have tracks to come get us on?
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I have no idea what you are talking about...I posted the story...
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

Obama spends 600 million on railroads...sounds like another outrage peice. I did not even know Obama could just give money away. Yep, I bet it is more outrage.
j-mac said:
I have no idea what you are talking about...I posted the story...
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Re: Obama spends $600 million on rail projects that benefit private companies Read m

Isn't the gov't creating (or saving) jobs cool? This probably only cost about $250K per job per year, but it gets that campaign cash flowing. You didn't build that, we built it for you. ;)
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

I really dont know, can the POTUS appropriate money like that? j
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

mak2 said:
Obama spends 600 million on railroads...sounds like another outrage peice. I did not even know Obama could just give money away. Yep, I bet it is more outrage.
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Oh, so you don't really know how DC works eh? May I suggest watching

 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

mak2 said:
I really dont know, can the POTUS appropriate money like that? j
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You don't think the President can pick up the phone, and put things in motion behind the scenes? Don't be naive, and don't take me for a fool.
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

So he cant really?
j-mac said:
You don't think the President can pick up the phone, and put things in motion behind the scenes? Don't be naive, and don't take me for a fool.
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Re: Obama spends $600 million on rail projects that benefit private companies Read m

mak2 said:
So he cant really?
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Whatever helps you sleep at night bro.
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

mak2 said:
I really dont know, can the POTUS appropriate money like that? j
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The President does not appropriate money, but a good deal of the federal budget is not specifically earmarked for a particular program so the President does indeed have a good deal of latitude on how money gets allocated.

Perhaps you did not know this.
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

AliHajiSheik said:
The President does not appropriate money, but a good deal of the federal budget is not specifically earmarked for a particular program so the President does indeed have a good deal of latitude on how money gets allocated.

Perhaps you did not know this.
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Nah, he knows it, he just wants to pretend that when a progressive liberal president does it then that is not what goes on, but when a republican does it, then it's all bad, and should be condemned...Typical today really.
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

Doesn't this classify as coporate welfare?
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

apdst said:
Doesn't this classify as coporate welfare?
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More like a thank you to Buffett for having O's back in the fundamental transformation.
 
Re: Obama spends $600 million on rail projects that benefit private companies Read m

apdst said:
Doesn't this classify as coporate welfare?
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As a railroader (who finds nearly every aspect of the profession dispicable):

it is corporate welfare. Money gets given to the states, who give out grants to private railroads. These railroad jobs are enormously overpaid, and then the big guys on top ultimately make millions off of a job they should be doing themselves. They don't give out raises for this state job, they get paid their same rates. I could go on for hours about how much railroading in its current form is truly screwing over this country.
 
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