China's high-speed rail system, beloved by American moonbats: another socialist epic failure

  1. You have chosen to ignore posts from BobinVa. Show BobinVa's posts

    China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    http://hotair.com/archives/2011/04/23/about-chinas-high-speed-rail-edge/

    Barack Obama has spent the past two years scolding Americans on our lack of progress on high-speed rail, using China as a yardstick — or more appropriately, a ruler with which to rap our knuckles.  Almost exactly two years ago, Obama announced his intention to spend tens of billions of dollars in catching up to China and Europe in subsidizing the rail lines and systems for high-speed transport.  “My high-speed rail proposal will lead to innovations that change the way we travel in America,” Obama said in April 2009, saying of China that it “may have more miles of high-speed rail service than any other country just five years from now.”

    Or maybe not, as the Washington Post’s Charles Lane reports after his trip to see the project first-hand.  The vaunted high-speed rail project pushed by Beijing has collapsed into a morass of embezzlement and failure.

    Even with substandard materials and shoddy construction, the system faces annual shortfalls of billions of dollars.  Now the system runs a lot slower, although the price isn’t likely to decline, and bus service will look better and better to the working class the high-speed rail was supposed to serve.  The pricing is why the train services mainly the wealthy and foreigners even with the massive subsidies for its operation.

    For the record, the $271 billion sinkhole exceeds our government’s cost of taking over Fannie Mae and Freddie Mac, and we have an annual GDP around three times larger than China’s.

    But hey, the trains still run on time, don’t they?  Not exactly:

    Faced with a financial and public relations disaster, China put the brakes on Liu’s program. On April 13, the government cut bullet-train speeds 30 mph to improve safety, energy efficiency and affordability. The Railway Ministry’s tangled finances are being audited. Construction plans, too, are being reviewed.

    Liu’s legacy, in short, is a system that could drain China’s economic resources for years. So much for the grand project that Thomas Friedman of the New York Times likened to a “moon shot” and that President Obama held up as a model for the United States.

     
  2. You have chosen to ignore posts from DamainAllen. Show DamainAllen's posts

    Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    So because China is doing a poor job of managing their project all other projects anywhere else in the world are doomed to similar results? 
     
  3. You have chosen to ignore posts from ThinkSnow99. Show ThinkSnow99's posts

    Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    You need look no further than California to see the problem with high-speed rail.

    It can only be viable in densely populated areas, because it will take a lot of revenue just to repay the huge capital outlays. These trains can’t just run on existing tracks; entirely new tracks must be constructed, and that takes land. Land in densely populated areas is very expensive to acquire, and is already in use. So there are many billions to raise before the first rail is struck.

    California’s grandiose scheme has already spent more than it was supposed to cost to get the first line operational, and there is nothing done yet. The primary route is supposed to be Frisco-LA, but the proposed first segment is Bakersfield to Madera. Bakersfield to Madera. Bakersfield to Madera, because there is so much traffic between those farming areas?

    No, it’s because they can’t begin to afford to buy the property closer to populated areas. Heck, farmers are complaining about the good farmland being sacrificed and the price being offered. In the end, California will end up either seizing private property for a fraction of its value, or seeing its bankruptcy completed if they try to pay a fair market price (or are forced to by the courts).

    Naturally, unions would be involved, as well as politicians, so you can count on many billions in overruns do to simple theft, and the costs of rebuilding shoddily constructed sections after disasters strike. See Boston’s “Big Dig” for a preview.

    Amtrak is also a good example of the futility of rail as mass transit. Only 13% of Amtrak riders earn under $20,000, and every ticket is subsidized by the taxpayers and has been for almost 40 years. Amtrak not only isn’t getting more efficient and closer to being in the black, they don’t even have a plan to do so.

    Every passenger on the Chicago-Denver run is subsidized $650; New York – LA requires $1000. It would be cheaper just to give the riders a free airline ticket and shut down the train.

    If you think that’s a stupid subsidy, just wait until you get to subsidize high speed rail.

     
  4. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    In Response to Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure:
    So because China is doing a poor job of managing their project all other projects anywhere else in the world are doomed to similar results? 
    Posted by DamainAllen


    not all other.
     
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  6. You have chosen to ignore posts from sk8ter2008. Show sk8ter2008's posts

    Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    Yea, where are those "shovel ready" jobs that the TRILLION dollars of taxpayer money was going to create?
     
  7. You have chosen to ignore posts from StalkingButler. Show StalkingButler's posts

    Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure

    In Response to Re: China's high-speed rail system, beloved by American moonbats: another socialist epic failure:
    So because China is doing a poor job of managing their project all other projects anywhere else in the world are doomed to similar results? 
    Posted by DamainAllen


    No, but perhaps Obama should stop pointing to it as an amazing project to be emulated. Don't you think?


     
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