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DM&E Denied $2.5 Billion Taxpayer Backed Loan
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[quote user="zugmann"] <p>So your answer is to favor a few small, struggling railroads that probably won't be around in 20 years and won't make good use of the money?</p><p>[/quote]</p><p>No, what I favor is the feds reintroducing a semblance of competition back into the Western US railroad scene by giving startup aid to ambitious entities like DM&E, so that they too can share in the sumptuous banquet of PRB coal transportation. There's plenty of that (PRB coal hauling contracts) to go around. And who are you to say they will or won't be around in 20 years? For all we know UP or BNSF might not be around in 20 years.</p><p>[quote]</p><p>How does that make any more sense than funding a railroad that has been here for 100 years +? </p><p>[/quote]</p><p>Pray tell, why would you <em>want</em> our government to give free money to a giant bloated corporation, one that engages in monopolistic behaviour against domestic shippers? What's next, do we start giving small business development grants to Microsoft and GE?</p><p>BTW - parts of the DM&E <em>have</em> been around for 100+ years. So are you saying you're in favor of giving DM&E the $2.8 billion loan because they meet that old age criteria?</p>
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