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Title: Rail plan would oust Amtrak
Source: Boston Globe
URL Source: http://www.boston.com/business/arti ... 7/rail_plan_would_oust_amtrak/
Published: May 27, 2011
Author: AP
Post Date: 2011-05-27 02:15:34 by socalv8
Keywords: amtrak, money pit, private over public
Views: 669
Comments: 6

Congress would take away Amtrak’s Northeast Corridor train service and invite investors to bid for the right to develop high-speed rail under a plan outlined yesterday by a House Republican. Tweet Be the first to Tweet this!.ShareThis . The Boston-Washington corridor is the most viable region for true high-speed trains averaging 110 miles or more per hour, said House Transportation and Infrastructure chairman John Mica. But Amtrak has failed to provide fast service, despite tens of billions of dollars in federal aid, he said.

Amtrak’s Acela trains reach 150 miles per hour in places, but trip times average only 83 miles per hour between Washington and New York and 72 miles per hour between New York and Boston, Mica said.

Amtrak has proposed upgrades so trains could go up to 220 miles per hour, phased in over 30 years. That’s not good enough, Mica said. He wants to put Amtrak’s Northeast infrastructure under the Department of Transportation or a new government corporation and solicit bids from private investors to develop and run fast service.

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Begin Trace Mode for Comment # 2.

#2. To: socalv8 (#0)

that, along with auto train I believe, are Amtrak's only profitable routes. Take those away and Congress can then shut down the rest of Amtrak's rail lines, putting the 23 million or so people who ride Amtrak onto planes or into cars.

Guess which industries have more lobbying dollars?

go65  posted on  2011-05-27   9:00:13 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#4. To: go65 (#2)

Guess which industries have more lobbying dollars?

Quick search =

Top Ten reverse order

Real Estate

Tenth on the list for lobbying dollars spent in 2010 is the real estate industry with $9,003,035 spent. Apparently the real estate industry is nonpartisan, because almost equal percentages went to Democrats and Republicans.

Consumer Banks

Close behind real estate at number nine is consumer banks, which spent $9,011,959 in 2010 lobbying dollars. They skewed farther to Republicans, though, with 61% of that total supporting Republican candidates. Both real estate and consumer banks are part of the overall category of “Finance, Insurance, & Real Estate,” which spent a cumulative total of $62,905,312. Suddenly the reasoning behind the bailout makes so much more sense.

Oil & Gas

Everyone loves to hate the oil and gas companies—except Republicans, that is— and it’s clear why, since the oil and gas industry spent $10,490,239 in 2010, 73% of which went to Republican candidates.

Electric Utilities

And speaking of energy, electric utilities spent $13,105,686 in 2010. You might think at least half of that targeted Republicans, but the electric utility PAC skewed slightly Democrat at 55%. Then again, solar and wind still make electricity.

Building Trade Unions

Sixth on the list of top 10 lobbying industries is building trade unions. Now we really start to see political lines drawn in the sand—of the $15,046,146 the building trade unions spent in 2010, 93% went to Democrats. In fact, in the Labor Union category, which includes industrial, transportation, and public sector unions, 93% of the cumulative $63,665,882 went to Democrats.

Pharmaceuticals

Pharmaceutical companies come in fifth out of our top 10, lower than you might expect given their reputations. “Big Pharma” spent $15,116,923 in lobby money in 2010, with a surprising 54% going to Democrats. It wouldn’t be surprising if that had something to do with President Obama’s health care plan.

Construction

The overall construction industry, which does not include labor unions, is fourth on the list, having spent $15,534,354 to lobby in 2010. If you consider the recession and the industries hit hardest—construction, banking, and real estate—it’s no wonder that these industries fall easily into our top 10. Construction spent slightly more money (59%) lobbying Republicans.

Public Sector Unions

Public sector unions protect government workers, including teachers, postal workers, and firefighters, and are the third biggest lobbying industry. Interestingly, the National Education Association and the American Federation of Teachers make up $12,320,913 of the $17,610,966 spent lobbying in 2010. Like other unions, the public sector union lobbies heavily skew Democrat, at 92%.

Insurance

As the biggest piece of the “Finance, Insurance, and Real Estate” category, the insurance industry spent a massive $21,189,648 on lobbying in 2010, 53% of which went to Republicans. Given what the insurance industry stood to lose as a result of healthcare reform, it is unsurprising that they threw everything they had into their lobby. It was probably one of the most important political years ever for this industry.

This leads us to the number one industry by lobby dollars in 2010:

Heath Professionals

Healthcare professionals lobbied to the tune of $26,350,343 in 2010, 56% to Democrats, which is very telling with regard to that political year. We have to think healthcare reform, which finally passed at the end of March 2010, was a large part of that effort.

socalv8  posted on  2011-05-27 13:13:19 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 2.

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