Any bitcoiner should understand why this project has failed. It has failed so badly that now the press and even Democrats are speaking more honestly about it.
I live in this area and I can tell you. Most people I know have said it would fail from day one. They never wanted it. I still say it will not run in my lifetime. If it ever does run it will run at a loss.
The video segment was pretty good considering the source. But, they fail to miss the key problem with it. It's the reason we still have people that beleive socialism works. The state fails with massive projects because they do not use market forces including prices to determine viability of projects.
When this was on the ballot years ago I asked the question. If there is so much demand for this then why doesn't a company propose the idea. Yeah, there are a bunch of challenges besides this but that's the main one IMO and they never address it.
Until we reject socialism we will be doomed to be governed by stupid wasteful systems. Hi hi
maybe they can use it to film another matrix movie highway chase scene
LOL. I know some guys that work on it. They've told me that they are having to replace sections due to the fact that they only half finished parts. The waste is stupid. Anyone with any construction experience (like me) and from the area could have warned them about many of this challenges they've had.
It was always politics. It was a vote getting scheme. Huberis of Jerry Brown. Gov Moon Beam.
This is graft and money laundering
Tons of graft. It's a government project. Of course.
Even for California, this is quite obnoxious, they are not even trying to be subtle anymore
Its so bad the current officials aren't even trying to cover the nonsense. Just pretending they can right the ship. They can't. It's just moving goal posts. Classic sunk cost fallacy.
it's not a sunk cost fallacy, you are not being cynical enough, if the project is over the money laundering/graft train is over
That's a critical point: price discovery is so important. Many times, a government program ends up messing up price discovery: housing is a problem - set limits on what landlords can charge! Insurance is a problem - set a max rate! Heath care a problem - set a limit to medicare rates.
Price controls don't work, fixed it for you
True but this project is all about graft and plunder
What I can't figure out is why this story was done. Why now? What's the angle? It wasn't a Gavin hit piece. Wasn't even a Trump hit piece.
Bakersfield to Merced, high speed rail
the interviewer is Jon Wertheim whose specialty is sports, all his stories are sports related, he used to work for SI
The head of CBS News is now Bari Weiss who was hired by David Ellison, son of Larry
Larry Ellison is a staunch Zionist, a large contributor to Friends of IDF
My father was a civil engineer, and I remember asking him at one point why it was never done before. His answer was simple, once you hit the Grapevine, the mountain range was so unstable and irregular, they could never build a tunnel or pass over it that could be stable for high speed rail and within cost range. It was "undoable" from an engineering perspective. So, the best they could do was run high speed rail from the North down to right before, than drive people to LA or vice versa at that stop point (kind of what they do with Amtrak at Emeryville in Oakland versus going all the way to San Francisco). Of course, no one ever mentioned the Grapevine issue when this boondoggle got started again.
I grew up in Los Banos which is just south of the Grapevine. I hadn't considered the rail going over it. Tunneling would be next to impossible but still easier.
Ah yes, the palm tree stop. That was always my junction point to Santa Cruz if coming from the North. As a kid I used to think that was the mid-point to LA. Little did I know how much farther we had to go every time...
Trains are 19th century technology
Railways would be cheaper than road transport if roads were not subsidized (free)