I will opine at length about this later this week, but I want to go on the record as approving the steps the President is taking on the issue. HOW he does it is a different story entirely.
Showing posts with label President Obama. Show all posts
Showing posts with label President Obama. Show all posts
Tuesday, February 16, 2010
Two new Nuke Plants. A step in the 'Right' direction
I will opine at length about this later this week, but I want to go on the record as approving the steps the President is taking on the issue. HOW he does it is a different story entirely.
Sunday, February 14, 2010
The New American Dream Is Not Home Ownership
I couldn't resist. Thanks LCR!http://www.leftcoastrebel.com/
Saturday, January 30, 2010
Getting America on the right track? Or derailing the constitution?
President Obama has announced a multibillion-dollar investment in high-speed railroads that could travel as fast as 200 miles per hour.
Not that this is a bad idea but since the Government can’t run scAMTRAK at a profit what makes him believe that this will be any different?
The interesting word here is ‘Investment’ If this is such a good idea, you would think that private enterprises would be clamoring to build such a rail system, but they are not for a reason. It’s unprofitable.
With costs estimated at several hundred billion dollars, let’s just speculate, $500 Billion, the rail service would have to produce a $30 billion profit to justify the expense, and that’s a modest 6% return. Lets also speculate that the profit margin is 17% that means that it would have to generate sales of 176 billion. The US airline industry consists of over 300 companies and generates revenue of about 120 billion….anyone see a problem here?
I have two questions for the President.
1. Where is the money going to come from?
2. What enumerated power in the constitution, gives you the authority to ‘invest’ our money this way.
I won’t hold my breath.
The bottom line is this;
If this is such a great idea, private enterprise would have built this years ago, High Speed trains aren’t a new concept. Just stop spending our money and follow the Constitution. Remember? The one you swore to protect and defend?
Michael Wardell is a Republican Candidate for Congress in Mo. 7th District.
Not that this is a bad idea but since the Government can’t run scAMTRAK at a profit what makes him believe that this will be any different?
The interesting word here is ‘Investment’ If this is such a good idea, you would think that private enterprises would be clamoring to build such a rail system, but they are not for a reason. It’s unprofitable.
With costs estimated at several hundred billion dollars, let’s just speculate, $500 Billion, the rail service would have to produce a $30 billion profit to justify the expense, and that’s a modest 6% return. Lets also speculate that the profit margin is 17% that means that it would have to generate sales of 176 billion. The US airline industry consists of over 300 companies and generates revenue of about 120 billion….anyone see a problem here?
I have two questions for the President.
1. Where is the money going to come from?
2. What enumerated power in the constitution, gives you the authority to ‘invest’ our money this way.
I won’t hold my breath.
The bottom line is this;
If this is such a great idea, private enterprise would have built this years ago, High Speed trains aren’t a new concept. Just stop spending our money and follow the Constitution. Remember? The one you swore to protect and defend?
Michael Wardell is a Republican Candidate for Congress in Mo. 7th District.
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