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China’s train wreck
The Washington Post ^ | April 22, 2011 | CHARLES LANE

Posted on 04/23/2011 9:50:14 AM PDT by fifedom

For the past eight years, Liu Zhijun Liu ran China’s $300 billion high-speed rail project. Today, Liu Zhijun is ruined, and his high-speed rail project is in trouble. On Feb. 25, he was fired for embezzling tens of millions of dollars. His ministry has run up $271 billion in debt — But ticket sales can’t cover debt service that will total $27.7 billion in 2011 alone. Safety concerns also are cropping up.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Government; News/Current Events; US: California; US: Florida
KEYWORDS: bullettrain; highspeedrail; hsr; obamarail; scott
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I hope this will put another nail in the coffin of ObamaRail but I doubt it. Leftists have some weird, perverted fascination with trains.
1 posted on 04/23/2011 9:50:17 AM PDT by fifedom
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To: fifedom

bttt


2 posted on 04/23/2011 9:51:19 AM PDT by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: Willie Green

Ping!


3 posted on 04/23/2011 9:55:15 AM PDT by wheresmyusa (FTUN)
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To: fifedom

“Liu Zhijun is ruined, and his high-speed rail project is in trouble. On Feb. 25, he was fired for embezzling tens of millions of dollars.”

The article calls this guy “part Cornelius Vanderbilt, part Sammy Glick.” It might be more accurate to say part Charles Ponzi, part Bernie Madoff...


4 posted on 04/23/2011 9:58:13 AM PDT by GenXteacher (He that hath no stomach for this fight, let him depart!)
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To: fifedom

“Safety concerns also are cropping up”?
Here’s a “safety concern”, What happens to a high speed train full of folks on their way to Vegas from L.A. and an earthquake hits?
200 m.p.h. on a train in the middle of the desert with a thousand other crazies in a train wreck?


5 posted on 04/23/2011 9:59:28 AM PDT by Joe Boucher ((FUBO) " Crusade", I sort of like the sound of that.)
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To: fifedom; All

Too bad Willie is no longer here.. Of course he will come up with some lame excuse..


6 posted on 04/23/2011 10:02:28 AM PDT by KevinDavis ( Anyone who backs Trump is a chump..)
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To: fifedom

It’s not about trains, it’s about control. You ride their mass transit, and they control where, when and eventually, if, you go.


7 posted on 04/23/2011 10:02:35 AM PDT by Republic of Texas (Socialism Always Fails)
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To: GenXteacher

...and probably due for a bullet in the head soon.


8 posted on 04/23/2011 10:03:19 AM PDT by Republic of Texas (Socialism Always Fails)
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To: fifedom

Personally, I love trains too. I love clipper ships too, and horse-drawn carriages, and biplanes, and a lot of other beautiful antiquated means of transportation. But I don’t think that the taxpayer should have to finance my eccentric fascination with them. And it should certainly not subsidize the liberal fascination with getting us all to travel together in a government-controlled medium.


9 posted on 04/23/2011 10:06:25 AM PDT by ottbmare (off-the-track Thoroughbred mare)
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To: fifedom
Oh, gee. Passenger rail operating at a loss? Who'd a thunk it? (Anyone who actually spent 30 second researching it,)

Well, not to worry, Our Great Leader will make it, with his socialist myrmidons, since a failed communist concept will be correctly completed by the next bunch of true believers that try it...

What did happen to Steamboat?

10 posted on 04/23/2011 10:12:03 AM PDT by jonascord (The Drug War Rapes the Constitution.)
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To: Republic of Texas

“It’s not about trains, it’s about control. You ride their mass transit, and they control where, when and eventually, if, you go.”

And there it is. It’s that simple.


11 posted on 04/23/2011 10:12:56 AM PDT by wheresmyusa (FTUN)
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To: ottbmare
Don't forget about that advanced technology of the 1200's (and before) - WINDMILLS.

WTF 0bama?

12 posted on 04/23/2011 10:15:27 AM PDT by Paladin2
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To: All




Connect the dots.....
13 posted on 04/23/2011 10:17:16 AM PDT by wheresmyusa (FTUN)
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To: fifedom
I hope this will put another nail in the coffin of ObamaRail but I doubt it. Leftists have some weird, perverted fascination with trains.

All freepers know their train fixation is rooted in Euro-socialism and they hate Americans having the freedom of driving personal vehicles. Trains are collectivist transportation. 

Warren Buffet has made freight railway investments. I saw him on CNBC telling a big fat lie about trains, how far a gallon of diesel will push a ton of freight

14 posted on 04/23/2011 10:24:42 AM PDT by dennisw (nzt - "works better if you're already smart")
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To: fifedom

“Leftists have some weird, perverted fascination with trains.”

Trains are collectivist whereas cars are individualist. Trains collect the masses and make them all the same; same departure time, same arrival time. Cars are not only individual; allowing people to go anywhere whenever they wish, but may also denote wealth. To a leftist, everybody should wear a gray uniform and quietly queue in line for the next train, whose glory and speed denote progress and wealth shared by all!


15 posted on 04/23/2011 10:34:22 AM PDT by Gen.Blather
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To: dennisw

“Leftists have some weird, perverted fascination with trains.”

Nope. It is just easy for them to say they make the trains run on time. That’s their reelection schtick.


16 posted on 04/23/2011 10:35:10 AM PDT by EQAndyBuzz (Who is John Galt?)
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To: Republic of Texas

The left will do anything, ANYTHING, to get people out of their cars. The freedom to go anywhere you want without government control drives them nuts.


17 posted on 04/23/2011 10:35:12 AM PDT by DoughtyOne (The only thing higher than Obama's chin, is his ass facing West five times a day.)
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To: fifedom

” Leftists have some weird, perverted fascination with trains.”

Especially when they run in and out of tunnels. But that will all change ounce enough of them see “Atlas Shrugged Part 1”.


18 posted on 04/23/2011 12:02:20 PM PDT by fella (... if sinners entice thee, consent thou not. Prov.1:10)
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To: fifedom

“I hear that train a-coming
It’s rolling round the bend
And I ain’t seen the sunshine since I don’t know when
But I’m stuck in Folsom Prison”
Folsom Prison Blues - Johnny Cash


19 posted on 04/23/2011 12:02:27 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Republic of Texas

And don’t forget the mandatory groping!


20 posted on 04/23/2011 12:04:59 PM PDT by kevslisababy
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