http://www.minyanville.com/articles/BNI-JBLU-AMR-UAUA-subsidy-Amtrak/index/a/17720/from/yahoo
Sike!
It is only for Amtrak.
Amtrak Running Off Rails
Amtrak runs a railroad only politicians could love.
For the rest of us, the national passenger train network is a typical derriere-over-teakettle operation.
Amtrak, established in 1970, loses buckets of money every year. As it’s now run, it will never come close to breaking even. President Bush said Amtrak should receive $900 million in taxpayer subsidies for fiscal year 2008. Congress increased the handout to $1.3 billion.
In a rational world, Amtrak would be run as a short-hop system between major cities such as Boston, New York and Washington. That might attract private investment, if the company were ever broken up and its routes auctioned off.
snip... thats enough for me.
Sike!
It is only for Amtrak.
Amtrak Running Off Rails
Amtrak runs a railroad only politicians could love.
For the rest of us, the national passenger train network is a typical derriere-over-teakettle operation.
Amtrak, established in 1970, loses buckets of money every year. As it’s now run, it will never come close to breaking even. President Bush said Amtrak should receive $900 million in taxpayer subsidies for fiscal year 2008. Congress increased the handout to $1.3 billion.
In a rational world, Amtrak would be run as a short-hop system between major cities such as Boston, New York and Washington. That might attract private investment, if the company were ever broken up and its routes auctioned off.
snip... thats enough for me.