This is a bet on Cap and Trade legislation - Warren expects the railroads to be a prime beneficiary.
By Daniel at 3 November, 2009, 10:04 am
Done PROPERLY, an efficient rail distribution system FAR outweighs our current TRUCKING system, and has the side benefits of environment and less wear and tear on the interstate highway system.
And since our Constitution gives the Federal government authority over the Interstate commerce explicitly, I have no problem with that. Probably stuns a lot of you I know, but DONE RIGHT, train use would be a great thing. Just that the government has to be watched like a hawk to do things right.
Warren is not making this bet based on recovery… only on Rail recovery. Trucks and Trucking are likely to be heavily taxed. Rail is an efficient delivery method.
It’s the rest of the garbage in Cap and Trade that will kill the economy.
- irishscot2












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