Taken for a Ride
Here is a 20-minute news report on the California high-speed rail project in four parts. I can think of several lessons people should learn from this fiasco. First, don’t vote to partly fund a project. The government agency in charge will spend all of the money even if there is no chance to get the […]
California Itching to Lose a Decade
Last week, the California legislature voted to destroy the state’s economy for another decade. The 21 senators who voted for the measure told the public they were approving a high-speed train from Los Angeles to San Francisco, but everyone knows they barely have enough money to build from Fresno to Bakersfield. In voting to borrow […]
Clinically Dead
California’s high-speed rail project seems to be dead. At least, that’s the conclusion of a Washington DC writer commenting on a report that Governor Brown has given up on the idea of exempting high-speed rail from environmental reviews. Without that exemption, the writer thinks, the state will never be able to build the line. However, […]
California Is Dying
The Obama administration has announced that it wants to spend a half-billion dollars buying high-speed rail cars in an obvious bid to create more businesses beholden to the administration as well as to its rail program. But more and more people are turning against the president’s dream of being the Eisenhower of high-speed rail. The […]
When We Don’t Build It, We Won’t Build It Here Instead of There
Once the envy of much of the rest of the United States, the California high-speed rail project is increasingly viewed as being run by a bunch of buffoons who can’t see the handwriting on the wall. Actually, a few of them may see it: last week the authority’s executive director and board chair both resigned. […]
One More Nail in the Coffin
The California high-speed rail funding plan is “not financially feasible” says a peer-review committee created by the state legislature to review that plan. Various media reports suggest that this finding significantly reduces the likelihood that the legislature will approve the plan. This is after the rail authority admitted that it inflated job estimates, claiming that […]
When the Facts Change, Some Minds Don’t
John Maynard Keynes is supposed to have said, “When the facts change, I change my mind. What do you do, sir?” For many politicians including President Obama, the answer is, “I ignore the facts and stick to my preconceived notions.” Back in 2008, California voters approved high-speed rail based on the promises that, at a […]
Moving in for the Kill–or to Be Fleeced?
The Voice of Orange County reports that opponents of California’s high-speed rail boondoggle are “moving in for the kill.” But the article presents no clear path for killing the train to nowhere. While there are lawsuits, opponents in Congress, and critics in the state Legislative Analyst’s Office, the final decision will be made by the […]
A Recipe for Decline
Thanks to high housing prices and a poor economy (which is also partly due to high housing prices), more Americans are leaving California than are moving to the state. In the last decade, 1.5 million more people moved out than moved in from other states, and the poor economy is also reducing foreign immigration, leaving […]
Brown’s Folly
Jerry Brown didn’t think up the idea of a California high-speed rail line, but he endorsed it last week despite the estimated doubling of its price tag. Brown has recommended that the legislature release funds so construction can begin in 2012. “Lincoln built the transcontinental railroad during the Civil War, and we built the Golden […]
High-Speed Fail, v. 2.0
Ninety-eight point five billions dollars. That’s the new cost of California’s high-speed rail line from Los Angeles to San Francisco, according to a business plan released yesterday by the California High-Speed Rail Authority. At least, that’s the cost reported (a half day in advance of the plan’s release) by the Los Angeles Times. The reason […]
Guess Which Governor Has the Worst Ideas on Energy Policy?
Today I posted the first annual “Energy Policy: Top 5 Worst Governors” list. Click here, to see for yourself who’s the worst. (Hint: He coined the term “New Energy Economy.”)
