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<blockquote data-quote="wkmac" data-source="post: 957082" data-attributes="member: 2189"><p>Very good point and you are equally correct that this proposition is a loser but only if you can't shed the risks off onto someone else. In doing that, then the upside is protected and if over time it comes doesn't in a winner, make note of the comments by Victorville's mayor which IMO would suggest that public policy would be used as a tool of intervention to "force" people to use this rail service. And when you also have federal officials and I'm betting State officials too along with powerful business interests, if this isn't a success by natural market actions, it will be made a success by the point of the gun otherwise known as gov't policy. </p><p></p><p>And if you think this is just an isolated manifestation as a result of the Obama election, you're fooling yourselves. Even Solyndra had it's roots in the Bush adminstration with it's Energy Policy Act of 2005' and then after Gronet Technologies changed it's name to Solyndra, then Solyndra started the federal loan process (see Energy Policy Act 2005) which after an extensive vetting process by the Bush Energy Department in Oct. 2007' placed Solyndra among the final 16 companies to potentially receive taxpayer funding. </p><p></p><p>Obama wanted all the gravy when he used Solyndra publicly to pat himself on the back for political reasons but once the gravy spoiled, then his administration wanted to try to pull out the truth of the process to shed the blame off himself. Had he been honest upfront and gave the Bush administration the credit of starting the process and how it worked, when it all went bad, the full transparency would have a knowledgeable public also properly placing the blame across party lines. </p><p></p><p>Once again, the hollow promise of Obama's transparency came back to bite him in his own arse!</p></blockquote><p></p>
[QUOTE="wkmac, post: 957082, member: 2189"] Very good point and you are equally correct that this proposition is a loser but only if you can't shed the risks off onto someone else. In doing that, then the upside is protected and if over time it comes doesn't in a winner, make note of the comments by Victorville's mayor which IMO would suggest that public policy would be used as a tool of intervention to "force" people to use this rail service. And when you also have federal officials and I'm betting State officials too along with powerful business interests, if this isn't a success by natural market actions, it will be made a success by the point of the gun otherwise known as gov't policy. And if you think this is just an isolated manifestation as a result of the Obama election, you're fooling yourselves. Even Solyndra had it's roots in the Bush adminstration with it's Energy Policy Act of 2005' and then after Gronet Technologies changed it's name to Solyndra, then Solyndra started the federal loan process (see Energy Policy Act 2005) which after an extensive vetting process by the Bush Energy Department in Oct. 2007' placed Solyndra among the final 16 companies to potentially receive taxpayer funding. Obama wanted all the gravy when he used Solyndra publicly to pat himself on the back for political reasons but once the gravy spoiled, then his administration wanted to try to pull out the truth of the process to shed the blame off himself. Had he been honest upfront and gave the Bush administration the credit of starting the process and how it worked, when it all went bad, the full transparency would have a knowledgeable public also properly placing the blame across party lines. Once again, the hollow promise of Obama's transparency came back to bite him in his own arse! [/QUOTE]
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