Quote:
Originally Posted by wburg
So, to be fair, it's not a lie that Econgrad made up, it's a lie that some blogger made up and Econgrad believed it.
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Argument aside: BRILLIANT Quote!
OK, I had to come up with some more hard data, moving away from the Michelle Malkin's of the world to a
Professor of Economics at Harvard:
from the New York Times Blog, I might add...no conservative slant here!
The Government Accountability Office’s comprehensive report on high-speed rail that reminds us that:
While some U.S. corridors have characteristics that suggest economic viability, uncertainty associated with rider and cost estimations and the valuation of public benefits makes it difficult to make such determinations on individual proposals. Research on rider and cost has shown they are often optimistic and the extent that U.S. sponsors quantify and value public benefits vary.
http://economix.blogs.nytimes.com/20...ic-investment/
http://economix.blogs.nytimes.com/20...-speed-trains/
EXCERPTS:
Number of Riders times (Benefit per Rider minus Variable Costs per Rider) minus Fixed Costs.
multiplying: 1.5 million trips times $68 a trip means $102 million for benefits minus operating costs. Annual capital costs came in $648 million, more than six times that amount. If you think that the right number is three million trips, then the benefits rise to $200 million, and the ratio between the per rider net benefits and costs drops to one-to-three. This is the cruel arithmetic faced by people, like myself, who would love to be pro-rail. One hint for train lovers who would like to make this comparison look better: make a compelling case that the interest rate should be much lower, as nothing else makes nearly as much difference. Also keep in mind that I haven’t brought in the environment or congestion.
More Links for you. Educate yourselves on the other side of the coin, makes you wiser...
China’s growing high-speed rail system is unprofitable, corrupt, and unsafe, according to recent reports in the Chinese press.
http://www.theepochtimes.com/n2/content/view/53169/
In Japan, the distance between Tokyo and Osaka is comparable to the distance between Los Angeles and San Francisco.
But the population of Osaka alone is larger than the combined populations of Los Angeles and San Francisco - and Tokyo has millions more people than Osaka.
That is why it can make sense to have a "bullet train" running between Osaka and Tokyo, but makes no sense to build one between Los Angeles and San Francisco.
However little President Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. - Thomas Sowl, a Stanford Professor and fellow African American.
http://www.dailymail.com/Opinion/tsowell/201102281486
And the Conservative Point of View, a good article even if your a Lefty..
http://www.nationalreview.com/articl...er-wendell-cox
Voters gave the new Republican House of Representatives a mandate to cut spending. Zeroing high-speed rail out of the federal budget may be the litmus test. If Congress fails to stop this costly and unnecessary program, it would call into question the commitment to spending reduction.
— Wendell Cox is principal of Demographia, an international public-policy consultancy in St. Louis.
So am I still a Liar and just post things without backing them up? (I don't think so). Have I personally attacked anyone without being provoked first? (I don't think so). Peace out Mr. Ozo.