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Re: CA Senate Hearing Today on HSR Fiasco Business Plan-Yep-Bait and Switch Ponzi Scheme
Author: BOB2
Date: 03-16-2021 - 10:00
Steamfan Wrote:
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> This reminds me of a pyramid scheme. People are
> all excited about it when the con artists get it
> started. Then it goes through multiple levels
> where more and more money has to be pumped in to
> keep it going. Then people start questioning if
> it's a good idea and enthusiasm starts to wane.
> The people who are invested in it try to keep it
> pumped up to keep the money flowing but finally no
> new suckers can be found and the pyramid
> collapses.
>
> It looks like the people of California are
> starting to feel like they are suckers and maybe,
> just maybe, their hard earned tax dollars should
> be redirected into something that will actually
> have a return on it's investment.
>
> Why is it a bunch of railfans on a website can see
> how poorly this has been done and the massive
> waste of money it has become but politicians in
> Sacramento are unwilling to pull the plug? Is
> this hearing a first step into shutting the whole
> mess down? If they reject the business plan and
> say it's a failed project, can it go to the senate
> floor to vote to eliminate the funding for it?
CAHSRA does kind of seem like the Bitcoin firms who's ads I'm being deluged with on Facebook. The political magic "cure all" guaranteed investment of infrastructure investments. With lots of churning, until they're done fleecing the rubes....
Our infrastructure is getting old, the urban and interurban freeway congestion sucks, and folks wanted a first world rail system, like we used to have, and that they've experienced in other countries. So they promised impossible things, at what seemed to be no unreasonable costs, and faked the analysis to justify it.
This "sales pitch" left people with not enough real information, big promises, and hope for something better (not unlike these Bitcoin promoters do...). But, some of the trainfans on here still "believe". It's those of us who did this for a living that have seen through this, more critically, than some of the "train" fans and self styled but poorly informed environmentalist's who still "believe", and forwarded me this notice.
I have more limited goals, at this point, and just want to see some of the project funding that they've "tied" to this turd pile, and now are "held hostage" to their incompetence, like the LA Union Station run through, that would save millions of riders hundreds of thousands of hours, and operators millions annually, completed.
-------------------------------------------------------
> This reminds me of a pyramid scheme. People are
> all excited about it when the con artists get it
> started. Then it goes through multiple levels
> where more and more money has to be pumped in to
> keep it going. Then people start questioning if
> it's a good idea and enthusiasm starts to wane.
> The people who are invested in it try to keep it
> pumped up to keep the money flowing but finally no
> new suckers can be found and the pyramid
> collapses.
>
> It looks like the people of California are
> starting to feel like they are suckers and maybe,
> just maybe, their hard earned tax dollars should
> be redirected into something that will actually
> have a return on it's investment.
>
> Why is it a bunch of railfans on a website can see
> how poorly this has been done and the massive
> waste of money it has become but politicians in
> Sacramento are unwilling to pull the plug? Is
> this hearing a first step into shutting the whole
> mess down? If they reject the business plan and
> say it's a failed project, can it go to the senate
> floor to vote to eliminate the funding for it?
CAHSRA does kind of seem like the Bitcoin firms who's ads I'm being deluged with on Facebook. The political magic "cure all" guaranteed investment of infrastructure investments. With lots of churning, until they're done fleecing the rubes....
Our infrastructure is getting old, the urban and interurban freeway congestion sucks, and folks wanted a first world rail system, like we used to have, and that they've experienced in other countries. So they promised impossible things, at what seemed to be no unreasonable costs, and faked the analysis to justify it.
This "sales pitch" left people with not enough real information, big promises, and hope for something better (not unlike these Bitcoin promoters do...). But, some of the trainfans on here still "believe". It's those of us who did this for a living that have seen through this, more critically, than some of the "train" fans and self styled but poorly informed environmentalist's who still "believe", and forwarded me this notice.
I have more limited goals, at this point, and just want to see some of the project funding that they've "tied" to this turd pile, and now are "held hostage" to their incompetence, like the LA Union Station run through, that would save millions of riders hundreds of thousands of hours, and operators millions annually, completed.
