The principled oppostion by governor-elect Kasich (Ohio) and Walker (Wisconsin) to federally supported white elephant high-speed rail projects in their states means that the Bernanke-printed dollars just flow somewhere else. The Hood just announced this afternoon which other states will get more taxpayer-coerced support for their malinvestment projects. Here from the US DOT
news release:
The $1.195 billion originally designated for those high-speed rail projects in Wisconsin and Ohio will now be used to support projects in the following states:California: up to $624 million
- Florida: up to $342.3 million
- Washington State: up to $161.5 million
- Illinois: up to $42.3 million
- New York: up to $7.3 million
- Maine: up to $3.3 million
- Massachusetts: up to $2.8 million
- Vermont: up to $2.7 million
- Missouri up to $2.2 million
- Wisconsin: up to $2 million for the Hiawatha line
- Oregon: up to $1.6 million
- North Carolina: up to $1.5 million
- Iowa: up to $309,080
- Indiana: up to $364,980
Economic agitprop continues to flow from The Hood's news organs:
“High-speed rail will modernize America’s valuable transportation network, while reinvigorating the manufacturing sector and putting people back to work in good-paying jobs,” said Transportation Secretary Ray LaHood. “I am pleased that so many other states are enthusiastic about the additional support they are receiving to help bring America’s high-speed rail network to life.”
Both incoming governors had asked the Federales to invest the money instead in road improvements; alternatively Kasich urged the money be used to pay down the federal budget deficit. The Hood said, in essence, "Fuck you, I'm handing this political money out."
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