Tech | July 13, 2009 | 115 comments

A national high-speed rail network up and running by 2030 - Yes we can

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President Obama strongly supports high-speed rail, environmentalists are behind it (well, at least some of them) and the Federal Railroad Administration is already reaching out to other countries that have had success with it. High-speed rail looks like it's going to happen. The question now is what kind of system will be built - how extensive, how fast and how integrated. Last week a new organization was founded that aims to help answer those questions, and it has already unveiled a vision that is significantly more ambitious than plans that have been floated by the Administration in Washington.

The US High Speed Rail Association , based in Washington DC, plans to lobby for a state of the art rail system that covers the entire country and provides service on par with the most advanced systems in the world. From the press release:

The Association’s advancement of this national transportation plan will help develop an entirely new industry, which will revive our economy and manufacturing sector by creating millions of new jobs. This new, electric rail system will greatly reduce our dependence on oil and significantly lower our carbon footprint.
The organization's first move was to unveil a map showing what a complete national system, built in 4 phases and completed by 2030, would look like (see map above; for the animated version, click here). The map bears a certain resemblance to the "Vision for High-Speed Rail in America" unveiled by the Obama Administration in April. Both are based on the same 10 regional corridors, but the Association's plan seriously raises the bar. Calling for 17,000 miles of track, multi-modal stations and travel speeds of 220mph, the proposal bears a greater resemblance to rail maps in Europe.

The Association plans to generate support for the plan and help advance the industry by organizing a series of public events and conferences (the first one is scheduled for October 22-23 in Washington DC). A partnership with the International Union of Railways in Paris has also taken shape, and the Association plans on hosting tours of European and Asian high-speed rail systems.

Said Jean-Pierre Loubinoux, Director General of the International Union of Railways and a member of the Association's Advisory Board:

“The ambitious plan recently publicized by President Obama in the framework of the American Recovery and Reinvestment Act announces a fascinating time for railway development in America. A competitive high performance railway system – including a large network of high speed links – will constitute one of the pillars of US policies for transportation and sustainable development.”
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115 comments // A national high-speed rail network up and running by 2030 - Yes we can

  • msumonica
  • john12787
  • MirrorLake
    • 0
      MirrorLake  
    • We should only do this if it'll be better for the environment in the long term. Otherwise, we shouldn't. It's such a cool idea... wow.

    • 2 years ago
  • Quiggles
  • mgerlach22
    • 0
      mgerlach22  
    • since when is their a demand for this? since when is rail travel profitable? since when does anything our government touch remain affordable and not go bankrupt?

      sounds like another genius plan by our inexperienced commander in chief...

    • 2 years ago
  • sk8bs55
  • sickinjersey
  • TommyTooThumbs
  • cephas
    • 0
      cephas  
    • LA to San Fran by high speed rail in 2015 would be awesome but can we scoot the LA to Vegas route to something sooner than 2025? I'd like to be young enough to still enjoy Vegas!

    • 2 years ago
  • WakeUpPeople
    • 0
      WakeUpPeople  
    • Between 1830 and 1850, nine-thousand miles of railroad track were laid. Your telling me that with all of the technological advances from 1830 to 2009, we can only do a little less than twice as much today? Get people to work now and make it happen. Don't drag it out only to soften the blow for airliners.

    • 2 years ago
  • RichLikesJuice
  • bertkamp
  • shocksopping
  • good_stuff
    • 0
      good_stuff  
    • shocksopping:

      You dont think that a more travelled train system would have the same restrictions? I don't think the government would wait for a bombing to implament safety protocols. Nobody would blow up amtrack or greyhound because there are only a few people on them. That is the only reason there aren't the same safety restrictions as far as I can tell.

    • 2 years ago
  • thebigchuckbowski
  • jaystyx
  • BleedingBorders
  • edcastlow
  • ChaosAgency
    • 0
      ChaosAgency  
    • This plan is great on paper and I support it. If our appointed civil/public servants and those who vote them into power would just do a little research and educate themselves we could find a solution for anything.

      This plan is great. To say it is expensive, yes, but if that is the reason not to support it you are highly narrow in thought. This plan creates jobs, can increase manufacturing in the US, and has long term economic growth potential if implemented quickly.

      America needs to wake up and look at the achievements of this country. Educate ourselves constantly. Travel to countries who thrive with train transportation in Europe, Japan, and other successful macro and micro transit systems. Most importantly, understand how our policies are made and how to hold those accountable for following through on those policies, not just in transportation.

      The millions of americans who drive when public transportation is sometimes cheaper, quicker and more user friendly, should try the train now, if only for a day a week. Many offer free wifi while traveling, so you could blog your way to freedom. But make your decisions in supporting this plan based on actually experiencing it, only then can you even begin to weigh in on the subject. Well that, and take an economics course.

      High speed rail network in the US would be a great contributor to a healthy economic recovery plan by employing millions in construction, manufacturing, technology, finance, and much, much more.

    • 2 years ago
  • davison2008
    • 0
      davison2008  
    • crapola! this is amazing, no lie though i always had an idea or a vision to one day build a railway system in the U.S. using electro-magnetism technology (which should indefinitely improve as the years go by), that wouldd connect all the major cities in out country wiith speeds going 1,000+ (you know... like some craziness that will get you from New York City to Miami in 5 minutes, lol).... but of course this was just my own personal vision i had and now i read about it here that it might really come true... but speed of only 220+ mph?!?! BOOO!!! we can do better i believe especially with new technology by 2030!! anyone with me?!?!?!? lol

    • 2 years ago
  • m_baldwin
    • 0
      m_baldwin  
    • 2020 for the link between New Orleans and Lafayette, LA?! That is ludicrous. We could do so much better America, what the bloody hell? Even then it sounds optimistic knowing how long it takes to complete projects around here. Maybe if major money was behind it would get completed more quickly. Not only that, the local mayor here is hard headed and will probably fight this tooth and nail despite claiming that Lafayette is pro-Smart Growth and progressive. It kills me that local politics will be the deciding factors in this...

    • 2 years ago
  • ddress
    • 0
      ddress  
    • The problem doesnt lie with the project, it lies with the idea of transportation itself. There is no need for everyone to drive a car to work. With the right infrastructure, mass transit becomes an extremely viable option for travel to and from work, or for trips in the US. We all know that the vast majority of travel comes from people traveling to and from work everyday.
      I think the project is a good idea, however, I would not compare it to FDR and New Deal Policy.The project has the potential to create jobs and a new industry which is one of a few things that would help the current economic crisis.

      to bleeding borders,
      Your idea is great and admirable. I would support it.

    • 2 years ago
  • BleedingBorders
    • 0
      BleedingBorders  
    • I have started a movement to put in a train going from Canada to Chile, up and down both sides of South America meeting up in the capital of Argentina!! We will bridge the Darien Gap.

      I am rallying for a crew to begin plans for a transcontinental international railroad running from Vancouver , Canada to Santiago , Chile and Rio De Janero!! It will bring jobs and prosperity to Southern Mexico where the infrastructure is lacking, almost all Central American Countries. In South America, the Railroad could split with one main line going down to Brazil , with the other going down to Chile , and Argentina . I propose selling bonds for this 10 year project, and as the project matures, we will need to get incentives from the various cities, states, and countries that will benefit from this NEW infrastructure. Also, we will have film crews reporting on the challenges and stories as we progress, along with a new infrastructure and a lasting memory on film for ages to come.
      I am calling for volunteers to kick this off. I will first call on Drew Carey because of his work with Reason.TV. Also, I am calling on the Bill Gates Foundation because this is a way to get the Americas out of their current Economic Slump, and to help poor people throughout the Americas, and provide 10 years worth of direct employment to all the countries along the way, along with economic development in impoverished areas where many the New Markets would open up due to this Phenomenal Undertaking.
      I invite all that are interested to send me a link to your resume online, or your history in some form. My credentials are www.SteveSellsRE@verizon.net and www.bleedingborders.com - my epiphany is growing. Feel free to copy and paste this to any other media outlets that you have available and other country media outlets as well. Forget about walls on borders; let us build bridges and railroads!!! Email BleedingBorders@gmail.com

      www.bleedingborders.com

    • 2 years ago
  • clownpuncher
  • thecoyote23
  • clownpuncher
  • RichLikesJuice
  • FallenMorgan
  • metalcookiesxy70
  • JimboTheHippo
  • outtheinside
    • 0
      outtheinside  
    • i think this is a great public works program to implement at an ailing economic time. over 80% of the population lives in metropolitan areas. it's time to move away from oil and gas consumption. the timeline to me seems dubious when it comes to dealing with state and local government land purchases and also the transportation agencies covering the thousands of miles of proposed track, but i still think it's doable if support is pushed behind it. so many great ideas, not enough money or time. i'm already praying for a second term for Obama - one where he has much more money to spend on his transformational projects.

    • 2 years ago
  • mindcontrol
  • JK47
    • 0
      JK47  
    • YES WE CAN! Make decisions based on even LESS logic and reason. Instead of focusing on what the nation needs, he is continuing on with his childhood fantasy of saving the world. I think that he really has good intentions but someone needs to pull an "Airplane" the movie on them and start lining to slap some sense into these people. I say we get to stone our lawmakers if we reach a certain percentage population of dissaproval. They will be more careful...

    • 2 years ago
  • JK47
    • 0
      JK47  
    • HOW ABOUT FIXING ALL THE BRIDGES, people use every day, THAT ARE ABOUT TO FAIL ALL OVER THE COUNTRY! Just a thought!

    • 2 years ago
  • JK47
    • 0
      JK47  
    • This is kind of a waste of money though. I mean, how many places in the US can you get to and then not have to use a car afterward. It's cool for travel because I personally don't like to fly. It's another way to waste some more of our money.

    • 2 years ago
  • ultravphunter
  • EmperorThan
  • bluestranger
    • 0
      bluestranger  
    • EmperorThan:

      Because they're still trying to figure who is slower, the government or corporations. Maybe they will starve a few of us out of the equation before actually creating these much needed jobs.

    • 2 years ago
  • Giganticus
  • Argan
  • good_stuff
    • 0
      good_stuff  
    • Yeah, it is an interesting idea, but economically I don't think it is very feasible.

      The simple fact is that if you build a macrotransit project, then you much have the microtransit infrastructure to support it. If you get people to Kansas City, Detroit, etc and drop them at one station, then what are they supposed to do? Rent a car? How is this any different than the current plane system? Makes a lot more sense to buld a few airports than a giant train track. Maybe we should just give subsidies to airlines so that a ticket anywehre in US is under $100 round trip, and they can upgrade airports so that their are less delays from planes waiting in line to takeoff.

      I think it would be much more feasible to start to fix our roadways, and start making them autamated in someway. This would kill 2 birds with 1 stone, and not give us another massive piece of infrastructure that we can't afford to take care of.

      Maybe we should get a history book for current. Trains = so 1800's, planes = so 1900's, flying cars = so 2000's I hope.

    • 2 years ago
  • Incredulous
    • 0
      Incredulous  
    • good_stuff:

      I disagree with subsidizing anything, and trains are no more isolated or dependent upon additional transport than airports are. Either way, you have to find a ride in to the city or to your hotel, and in a lot of our cities, you used to be able to walk from the train station to the metro, not a big deal. The infrastructure is there, and if people were using train stations a lot more businesses would spring up around those stations.

    • 2 years ago
  • RaceBannon
    • 0
      RaceBannon  
    • good_stuff:

      quick physics lesson:

      cars are slow, even the fastest cars are relatively slow when compared trains that use magnets.
      Why because of a little thing called friction which cars have due to contact with the road but magnetic trains don't. This is also the same for planes, which are by sheer technological standards slow. I never got why people are so crazy about driving a damn car.

    • 2 years ago
  • good_stuff
    • 0
      good_stuff  
    • good_stuff:

      Yes, but I don't think you understood my comment. Modern Jets fly in excess of 500mph and don't have to follow the pesky contours of Earth.

      Here's a quick physics problem for you with a little bit of math as E.C.:

      1) You have a plane that takes off out of LA at 5 am travelling 500mph and possibly has a 2 hour layover in Denver. A train leaves at the same time travelling at 220mph and needs to stop at any major city along the way. Which one gets there sooner?

      2) Extra credit: The plane requires gas and maintence of itself and the airports it flies into. The train also requires fuel (albeit less) and maintenence of itself and the stations and 1000's of miles of mag-lev tracks. Whose ticket is cheaper, the flyer or the rider?

    • 2 years ago
  • thebigchuckbowski
    • 0
      thebigchuckbowski  
    • good_stuff:

      You're forgetting to add in the fact that most airports lie far outside the city limits and pretty much 100% of train stations are right in the middle of the city center. So, by taking a training, you're skipping the 30-minute ride to and from the airport, you're also skipping the money either spent on gas and parking or a cab/bus.

      You're also forgetting that you have to show up to the airport 30-minutes in advance and you can make it to the train station at the time of departure.

      So, you're basically missing an hour and a half plus cab fare from your calculations.

    • 2 years ago
  • good_stuff
    • 0
      good_stuff  
    • good_stuff:

      Yes, but your forgetting that most cities don't have good public transit. W/ the exception of the east coast metropolis and chicago you would probably need to get a taxi anyways.

      Also, what makes you think there wouldn't be security on a train such as this? Hundreds of people on the latest and greatest travel technology, which wouldn't have just regular commuter on it... sounds like quite the target to me.

    • 2 years ago
  • thebigchuckbowski
    • 0
      thebigchuckbowski  
    • good_stuff:

      Yeah, you might need a taxi but you'd probably be traveling 3 miles (assuming 90% of people stay in the city center when they travel) instead of 30 miles if you're coming from the airport. Big difference.

      Because I traveled by train through Europe not that long ago and never had to go through more security than a metal detector and x-ray machine with 5 people in line. We literally showed up 5 minutes early to a few of the trains.

    • 2 years ago
  • JulyJones
    • 0
      JulyJones  
    • A great idea. I also think this is something that can be finished by 2030. We need jobs now this will create them. From the construction of the trains to the railways, to the workers on trains. This is something that could truly create a lot of jobs. A project of this magnitude would be on par with the building of the national highway system. For once can we not let politics get in the way of a good, wait GREAT plan.

    • 2 years ago
  • nanac
    • 0
      nanac  
    • Obama is a progressive thinking President that is bringing America into the 21st Century.........We have fallen behind other Countries in transportation, and there is a need for high-speed rail.......Americans should try to assist Obama in his many endeavors because he is trying to improve America for the entire population.

    • 2 years ago
  • HaloedGriot
  • Ihatethemall
    • 0
      Ihatethemall  
    • nanac:

      The clownpuncher is right. We have fallen behind other countries in transportation. Thats a joke. We already have amtrak and the U.P.'s flying bird gets freight across the country in less than 48 hours. How much faster do you really think the freight will move? How much fgaster would it need to move. The RR now has rail service that can run produce trains out of Cali to the midwest in the same amount of time. 48 hours.

    • 2 years ago
  • remanns
    • 0
      remanns  
    • Texas would sure as hell benefit from it. Flying from Austin to Dallas (and back) is inefficient in terms of both time and energy, but its done routinely.

    • 2 years ago
  • jcaryhobbs
    • 0
      jcaryhobbs  
    • Do it now! Of all the ways to make positive log-lasting change during a depression, putting people to work to reduce our dependancy on oil and improve transporation in a no-brainer. Let's think big!

    • 2 years ago
  • jaystyx
    • 0
      jaystyx  
    • This could work in densely populated coastal areas. What would be the point of extending it to the western US though? It doesn’t seem worth the cost of building a network of trains in an area where major cities are few and far between.

    • 2 years ago
  • RaceBannon
  • davesarush
  • curtispswenson
    • 0
      curtispswenson  
    • As someone who often takes the train throughout the northeast, I see a real need for a dependable, high-speed line that is affordable. Currently, a 6 hour trip from DC to NY costs (round trip) nearly $200. The train needs to be an affordable option for Americans, not another luxury commodity.

      Maybe a better start would be to start subsidizing customer tickets so that more people are motivated to use the current system. This will at least give Congress a reason to take the issue of a high-speed rail seriously.

    • 2 years ago
  • Incredulous
  • outtheinside
  • curtispswenson
    • 0
      curtispswenson  
    • curtispswenson:

      Ever take a bus on I-95 during rush hour traffic through any one of the major cities it goes through? Sure, it's cheap, but on the matter of convenience? Not a chance. Why should one have to choose between affordability and convenience?

    • 2 years ago
  • pukemnukem
    • 0
      pukemnukem  
    • Until there is a massive shift in the US population from Rural and Suburban communities, towards the cities, this is a massive waste of money. The US population is too spread out for this to be effective at all. Just look at the amount of freight we have to send by truck and the ConRail System is used as much as possible. This is a fantasy, made up by people that don't live in the real world.

    • 2 years ago
  • JoeForte
  • Incredulous
    • 0
      Incredulous  
    • pukemnukem:

      and Europe is not the real world? seems to work over there pretty well

      one of the reasons the rails are inefficient here is because we stopped investing in them, and it shows.

      I say this couldn't hurt.

    • 2 years ago
  • outtheinside
    • 0
      outtheinside  
    • pukemnukem:

      "Until there is a massive shift in the US population from Rural and Suburban communities, towards the cities, this is a massive waste of money."

      where have you been the last 15 years? over 80% of the population lives in metropolitan areas and it's growing as gas prices go up. public transportation will only help this trend. like they say - build it and they will come. it's not a waste, it's an investment. and if implemented correctly - it could be an economy saver.

    • 2 years ago
  • pukemnukem
    • 0
      pukemnukem  
    • pukemnukem:

      Comparing the population distribution of the US with any country in Europe other than Russia is infantile. France, the largest country in Europe is about 4/5ths the size of Texas.

      And since it is mentioned, let's examine the European system. Yes, the majority of their population travel by train. But also the vast majority of their freight is transported by truck. For the US, it is the opposite (despite the number of trucks you see on the highway in the US, the vast majority of freight goes through ConRail). For us to make the railways available, that means a lot more tractor trailers on the highways. Also, Amtrack is already heavily subsidized and it still doesn't come close to profitability.

      Instead of wasting all of this money on this utterly stupid idea, we should be investing in our internet infrastructure and encourage people to work from home.

    • 2 years ago
  • thebigchuckbowski
    • 0
      thebigchuckbowski  
    • pukemnukem:

      First, I'm assuming that would lay new rails considering our existing infrastructure isn't equipped to handle 220mph speeds.

      Second, we invest billions upon billions every year into highways and runways, making more and making them wider. Shifting the money from that to this would probably pay for the majority of this project. And, the eastern US is about as spread out as Europe.

    • 2 years ago
  • diabolical44
  • Acedia
    • 0
      Acedia  
    • Assuming the government has the money for this sort of thing, I also would like to see it done a bit quicker.

      Whatever the case, trains are my favorite form of public transport, so I'm all for it.

    • 2 years ago
  • sunkisthappy
  • brit50
  • thecoyote23
  • UrbanGypsy
    • 0
      UrbanGypsy  
    • sunkisthappy:

      Yes the Republicans have looked at the history books and thats exactly why they are against it. When FDR's plans succeeded he ushered in a 40 year era of Democratic dominance over American politics.

      They are doing everything in their power to prevent the success of Obama.

    • 2 years ago
  • davesarush
  • Xion
  • regjoeschmo
    • 0
      regjoeschmo  
    • We should figure out how to balance our budget before we take on such a large project. Our deficit is way too much to implement a nationwide railway......

    • 2 years ago
  • gylu
  • Incredulous
  • bishopobispo
    • 0
      bishopobispo  
    • regjoeschmo:

      Balance the budget before taking on the project? Hmmm.

      The largest public works project in U.S. History (and perhaps world history), The Interstate Highway network, was conceptualized in 1939 - the last year of The Great Depression.

      Look at the impact that highways have had on our daily lives and what it has done for commerce within our nation.

      If it wasn't a bad time in the 30s, I doubt it's a bad time now. Let progress continue.

    • 2 years ago
  • JK47
  • regjoeschmo
    • 0
      regjoeschmo  
    • regjoeschmo:

      for one, we did not have our govt dumping billions of dollars it doesnt have into buisnesses that created their own demise and should have fallen.... also dont take my word for it, look into the economy yourself, things were not so great in the depression, otherwise it would not have been called what we call it..... pretty much the only reason we are floating through this is because of our unemployment service which is pretty much taking money from thin air itself.... We are on the verge of a very serious inflation epidemic and spending more money we do nto have is not going to help.....

    • 2 years ago
  • randallr01
  • mlamb88
    • 0
      mlamb88  
    • regjoeschmo:

      actually lalapabrada, we're about $11 trillion in debt.
      but yeah, i would love this train system! it would be amazing! i just think the government has too much financial expenditures on its plate already... recession, war (21% of budget), social security (21% of the budget)... or they should just reorganize the budget.

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • regjoeschmo:

      gylu: Why don't you try making more money so you can pay more tax. Fixed. Just remember, the more money you make, you'll have to pay even more in tax.

      bishop: The difference between then and now is that on top of the economic turmoil, we have huge budgetary issues. Between our current debt and what is owed in the near-term future from entitlement programs, it is not looking good. Have you seen what this looks like as compared to the GDP?

      jk47: Out budget IS way too thin. Do you even read the newspaper? Besides taxes how are we surviving? Printing & borrowing money - both of which devalues our currency and treasuries. There's a limit to how much that can be exploited.

    • 2 years ago
  • bamboodizzard
    • 0
      bamboodizzard  
    • The bible is against high speed trains, it will raise taxes, this will destroy nature, people were not meant to ride on trains, this does not help our National Security,

      "Some conservative arguments sure to come..."

    • 2 years ago
  • travism1337
    • 0
      travism1337  
    • bamboodizzard:

      So are we just trolling now?
      I dont see why anyone would not want this, the country needs better transportation, and it needs jobs, and what the conservatives that you are talking about want is to create jobs, so therefore they should be all for this.
      By posting stuff like this your just antagonizing people and separating people over the issue so that nothing will ever get done because people cant agree because their self labeled group "doesnt do it like that."
      Please think out your posts before you post them.

    • 2 years ago
  • diabolical44
  • travism1337
    • 0
      travism1337  
    • bamboodizzard:

      Sir I am sorry you are mistaken, That may be what some politicians want, but not the everyday people, and if everyday people want to take money from themselves, then they are not a conservative, or a liberal, they are just and idiot.

    • 2 years ago
  • thecoyote23
    • 0
      thecoyote23  
    • I don't see why it can't be built faster. Ten percent of the population is sitting around wishing they had something to do, and apparently there is going to be money for this. I find our countries lack of ambition appalling sometimes. It always irks me to see construction equipment sitting on the side of the road for weeks because of bureaucracy and corrupt contractors. If it wasnt for the corporate sectors control of the right wing and their all pervasive failed ideology, we would have had trillions of dollars being used to employ people for government infrastructure projects that would benefit us all instead of bailing out the failed banks that helped put the county into this position. Instead we have a proposed twenty year outlook on a rail system that is going to be outsourced to private international companies in Spain. I can understand consulting other countries and their systems because of their success, but the plan is to pay them the money to design and build it, which is ridiculous and unacceptable when American workers and business are struggling. I think the ultimate question is though, when it is all said and done, will the average person even be able to afford it?

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • thecoyote23:

      It really annoys me when people blame solely the banks, and somehow think the people and government are victims.

      Do you not understand that the entire environment was fostered by the government? Greenspan's idiotic low interest rates, and government home affordability programs are what triggered the economic collapse. Yes banks gave out money irresponsibly but the people also took them blinded by greed and/or stupidity.

    • 2 years ago
  • thecoyote23
    • 0
      thecoyote23  
    • thecoyote23:

      "failed banks that helped put the county into this position". "helped" is the key word, and the government isn't so much a victim other than the fact that it has been heavily coerced by these same banks and corporations. I won't so much debate your criticism of Greenspan, but I do lay heavy blame on the Bush administration and Chicago School economic theories that believe it is beneficial to ship our jobs overseas and exploit foreign people on a level close to slave labor, all the while leaving US citizens with fewer and fewer jobs and declining quality of life. And yes, the people are the victims, government, mmmm not so much.

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • thecoyote23:

      Please don't turn this into left vs right debate. Bill was just as big of a supporter of affordable housing as Bush was. While there are people who are being victimized in the current recession, many are part of the problem. People didn't need to buy homes with stupid terms, they didn't need to max out their home equity line of credit, and they didn't need to max out their credit cards. Your liberal attitude of sheltering the stupid and the lazy is really quite sad.

    • 2 years ago
  • thecoyote23
    • 0
      thecoyote23  
    • thecoyote23:

      "And your faith in your friends is yours!"

      Well, apparently you believe the housing sector and greed/stupidity on either side of the equation is the only factor in our current recession and fail to recognize the multiple factors that contributed to the collapse, all the while pigeonholing my views into the Limbaugh/Coulter liberal stereotype. "Liberal attitude of sheltering the lazy and stupid"? WTF? Now you are simply delusional. Nowhere in the post did I say anything of that nature. I am pretty sure you stopped interpreting my post after I blamed "right wing idealogies" and went into Fox News robot mode. You basically seem to be supporting the idea of giving billions to the failed banks. I said we should have used that money to put people to work, theoretically on the high-speed rail system. You automatically assumed that since I am critical of right wing economic policies that I believe in handouts and welfare, which is a right wing stereotype of anyone who has differing opinions from the conservative base.

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • thecoyote23:

      Now who is assuming. First of all, my views are libetarian. Second, because I am libertarian I did not support the bank bailouts. And my comment on sheltering the stupid is based on your response of "people are the victims". Seriously, they are not. People need to understand their consumption behavior & financial decision making allowed this to happen - not be protected as victims from the big bad banks.

      And besides the housing sector & the debt and securitization of these houses, what other major factors contributed to our current economic collapse?

    • 2 years ago
  • thecoyote23
    • 0
      thecoyote23  
    • thecoyote23:

      Being a Libertarian can in many cases actually reinforce my points. Libertarianism="smaller government" ie less regulation (I know thats an oversimplification, but it works). This "smaller government" ideology is what has been slowly eroding the financial regulations that were put in place post depression and WWII. Libertarianism has a lot of good points, but I think the majority of people who call themselves Libertarians are just conservatives trying to distance themselves from the disaster that was the Bush Admin. I mean, almost anyone could call themselves a libertarian. Who doesn't want individual liberty? I am really sick of conservative libertarians pretending they are the anarchists around here. The financial crisis was exacerbated by multiple factors and really was a symptom of what I said in the very beginning, Chicago School economic policy, which can fall under Libertarian philosophy.

      Ok...some factors....

      1.Deregulation of Financial institutions!... mortgages. Government deregulation allowed these financial institutions to lend to borrowers who should not have qualified. This is actually a combination of left and right politics. The problem with being a libertarian is a belief that %95 of the government is bad. The reason there is a government is so the people who are elected are theoretically supposed to represent us, the people who are supposed to understand and interpret the law, so "we the stupid people" can be protected from things like predatory lending, and those ARM's can qualify as predatory. I have actually written an essay about predatory lending practices... but I wont get into the specifics. (This housing bit is your freebie)

      2. Deregulation of crude oil futures trading, creating increased volatility at the exact time China and India increased demand exponentially. (Also, Americas retarded love of SUV's and Hummers, + Massive Bush tax breaks for those vehicles)

      3. Crude oil prices driving up the cost of all trade, thus driving inflation (everything costing more to manufacture and ship)

      4. American consumers not realizing the dollar does not have as much buying power as it used to, and failing to adjust their habits therefore falling into debt (owning a Hummer and an Escalade with spinning rims). Also failing to recognize the sign of a coming recession. I predicted it last year in July and had a Republican friend laugh in my face. I wish I was the wrong one. Maybe he calls himself a Libertarian now?

      5. A.R.M.-interest rates going up, causing already indebted Americans to default and foreclose, further causing the interest rates to go up.

      6. Insane financial securities trading. I'm not going to get into it.

      7. Said "insane financial securities" blowing up in the banks faces

      8. Falling house prices due to an increase in supply with lack of demand, due to the crappy economy, only further increasing interest rates on ARM's

      9. Banks robbing the American people blind and putting us into a 1 trillion debt to China, who now has broad influence in Washington because they can directly influence the Dollar.

      10. spiral spiral spiral

      And then we get to the entire point of my original post, that we should have taken those billions and hired a good portion of the unemployed population to help build infrastructure such as the High Speed Rail.

      Anyways, feel free to refute, and I may respond, but I think this matter is mostly closed.

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • thecoyote23:

      I agree with you on 1 point: we should have spent money on infrastructure rather than war, if at all.

      I don't disagree on your list, but at the end of the day would we be in this situation if the fed didn't dictate monetary policy, politicians did not push so hard for affordable housing, and labor unions didn't ruin American manufacturing?

    • 2 years ago
  • thecoyote23
    • 0
      thecoyote23  
    • thecoyote23:

      Ha, I forgot all about the war! I would say that is one of the top contributing factors. The Fed is definitely not serving our interests, but labor unions are not inherently bad. The UAW really gave union members from all forms of industry a bad name. They just got out of hand and painted a really bad picture of what unions are actually supposed to stand for. Executive board members rank up there pretty high on the greedy list. The GM boards and the UAW were both two ends of the same greedy spectrum. Corporate boards and CEO's are definitely a problem, and I believe that about half of what is called "upper management" in Americas business place in unnecessary and grossly overpaid. But back to the unions, they did help prompt many businesses to move overseas, but the reason unions exist is so that Americans don't wind up like Chinese workers. This is where a lot of my left leaning sensibilities derive from. If the elected government continues to be undermined by corporate interests, we may all end up living in packed dormitories getting paid pennies and living in an industrial wasteland. Companies do not abide by morals or ethics, the only law is profit, even at human and environmental expense. Thats why when people scream "small government", I cringe, because international corporate interests will filll that void, and those interests are not elected by the people, but owned by the wealthiest individuals.

    • 2 years ago
  • rohnin
    • 0
      rohnin  
    • thecoyote23:

      I respect your optimism but good intentions don't always yield good results. Let's take some of the government's major programs for example. The Fed, whose job is to control the money supply to stabilize the ups & downs of the economy did just the opposite and fostered the environment for the second great depression. The FHA, in an effort to make homes more affordable also did exactly the opposite. Programs like the Community Reinvestment Act, while noble in effort, just added to the housing bubble. The UAW, basically ruined the US auto industry.

      These programs all had the best intentions, but are among the main reasons we are in this mess right now. So I hope you understand when people have very little faith in the government.

    • 2 years ago
  • bluestranger
  • Sumbodyswatchin
    • 0
      Sumbodyswatchin  
    • I always wanted to ride a bullet train. high speed railways would have more positive effects than i care to go into right now but i will say on a personal note that most of my family is spread out throughout the country and i would greatly like to have a better and cheaper way of seeing them more often.

    • 2 years ago
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