Monday, May 23, 2011

Schumer's Latest Demand

Senator Schumer demands that Amtrak fix its problems but Amtrak is a public for profit (insert laugh track) company owned by the US Government. The Senator should be asking why the Federal Government is in the railroad business. It is only a coincidence that it is a highly unionized industry so there must be some other reason. Even with heavily subsidized fares, Amtrak’s share of the market is minimal; most travel is by people in with higher incomes; and its contribution to reducing pollution and congestion is minimal at best (no riders). If a railroad is privately owned and does not run trains, the owners generate no revenue until the problem is fixed; if Amtrak cannot run trains it just asks for higher subsidies. Just another example of what happens when the Government tries to run a business. Why does anyone think a government run healthcare system is going to work?

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