Posted on 04/12/2013 8:47:22 PM PDT by BenLurkin
Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train.
The governor has staked part of his legacy on the rail network, a centerpiece of his vision for California. He is hoping that China, which is enjoying an economic boom and spent $77.6 billion on overseas investments last year, according to official figures, will pump some of its cash into the troubled project.
...
The Chinese interest in California's project is a welcome boost for Brown. Although state voters approved $10 billion in bonds for a high-speed railway in 2008, they have soured on it as cost estimates have ballooned by tens of billions of dollars. The governor, who has vowed repeatedly to see the train system built, needs at least an additional $55 billion to make it happen.
Republicans in Congress have threatened to cut off funding from Washington, saying the bullet train is unnecessary and too costly. Much of the money will have to come from elsewhere.
"We are very interested in California," said rail car designer and engineer Jiang Lay, as the train to Shanghai zoomed along Thursday, without the jerky stops familiar to Amtrak riders. His company, Tangshan Vehicle Co., built the model Brown was riding. "We are very confident that our Chinese technology can be successful in America," he said.
(Excerpt) Read more at latimes.com ...
Another 'Rat who admires the totalitarian regime in Red China.
He is a socialist at heart, why wouldn’t he want the Chinese to be part of anything he thought was a great idea?
Unfortunately the Chinese are not idiots. They probably won’t just hand over money and let Brown stick them with it, Californians will end up paying the Chinese through the nose for something they won’t use much.
Bingo!
Why not ask Mexico, you’re already two-thirds of the way to becoming their newest province?
The federal government believes the Monterey Shale, which lies under more than 1,750 square miles of central and southern California, has far more shale oil than anywhere else in the lower 48 states — nearly four times the amount of the Bakken Shale in North Dakota.,
Plenty of money...jobs and the Chinese would just love a cut of the oil.
Isn’t China buying up all kinds of real estate?
Didn’t China say they would eventually take America over economically?
Does Moonbeam read anything but cereal boxes?
Exactly. When China owns California do you think they’ll listen to CARB, the EPA or any of the envirofreaks when they start taking the oil?
When you factor the 68 billion over the expected number of riders for the first ten years of operation, the cost comes down to just one billion per rider.
Oh, wait...
.
Get on board the train to nowhere.
The absolute most stupid and corrupt governor we’ve ever had.
And we’ve had some real dillies.
High speed rail project is like solar energy initiative money going south into criminal pockets. Nothing like a high speed rail going into compton
Unfortunately... there are a lot of Free Trader Communist GOP that will cheer Brown for doing this....especially those fools who continue to support Free Trade with Communist China.
At least Moonbeam and Free Traders have something they can hold hands and sing Kumbaya to....
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