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DM&E Denied $2.5 Billion Taxpayer Backed Loan

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[quote user="ericboone"] [quote user="futuremodal"]DM&E just needs to go back to the FRA and apply for a grant, rather than a loan.  Then we'll see just what kind of excuse the oligarchy prostitutes at the FRA will use to reject that request.[/quote] Hey what's a little more corporate welfare going to hurt? It's just the taxpayer's money. Do they think they can spend it better than we all knowing politicians and government bureaucrats? [/quote]It gets back to the philosophy of why we have government influence in a free market society.  The purpose of government oversight in a free market economy is to ensure and even nurture a healthy competitive market environment.  It is not to favor a few oligarchs by subsequently discriminating against up and coming enterprises.It does no one any good for oversight agencies such as the FRA to just give money away to a few large powerful Class I's, and then turn around and deny a loan to a Class I wannabe.  If anything, the FRA should be giving the grants to the up and comers like DM&E, and should restrict aid to the Class I's in the form of loans only.  If the Class I's want government money, let them start paying into a user fee system from which most of those funds can be drawn.  You know, like truckers and barge operators do.I wonder what would happen if all the grants given away to the Class I's over the last decade were retroactively repackaged as loans?
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