When the private railroad industry convinced the federal - TopicsExpress

When the private railroad industry convinced the federal government take control of their passenger service four decades ago, passenger rail wasn’t just then becoming uneconomic. For decades, railroads had been forced to cross-subsidize unpopular passenger rail service by government regulators. Freed from this inefficient mandate, one railroad executive remarked at the time that Amtrak primarily served as a sentimental excursion into the past for legislators over 50. CEIs Marc Scribner takes issue with Time magazines Michael Grunwalds latest reporting on high speed rail:

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