Re: RailAmerica has no money
Author: BOB2
Date: 05-06-2008 - 12:26
There is no effective government policy observable regarding transportation or rail, at the state or national level, which is all the more troubling with $5 diesel driving our economy over the edge. It is now more profitable to tear out our infrastructure for scrap than maintain and operate it. It is much more profitable, as Warren Buffet has noted, from a tax stand point, to trade stocks and hedge funds futures than to operate a business. It is now apparently more profitable to steal railroad spikes and manhole covers for scrap than to work for a living. Some people are very concerned with the poor people in Myamar (Burma) this week, when is someone going to get concerned for the poor American people?