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DM&E Denied $2.5 Billion Taxpayer Backed Loan

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[quote user="zugmann"]  How is it true competition with the big hand of government giving them billions of dollars?  Especially with questions on whether the capacity exists for payback.  And there already are two lines into the PRB.  Why a third one needs built with Uncle Sam's money is beyond me. [/quote]What part of your history lesson on railroad land grants didn't you understand?  Both UP and BNSF exist today due to the massive land grants of the 1800's, land grants worth megatimes more than that measley $2.8 billion loan DM&E asked for.  Why are you bothered by DM&E's request for federal aid when you seem to have no such disdain for previous federal aid.And why do we need a third line into the PRB?  Quothe Boardman ".....to fulfill a need in the national transportation system....".  Now, what's he talking about if not the very thing embodied by the DM&E project?Frankly, we may need a fourth and fifth player into the PRB...............and a couple more players in Montana...........and a couple more players in Southern Idaho.........and a couple more players in South Dakota..........and a couple more players in North Dakota.........and a couple more players in Colorado.......and in Utah.........and in Nevada.......and California.......and Oregon......Washington.......Arizona.....New Mexico......etc.....etc.....etc.....[quote][quote user="futuremodal"] Pray tell, why would you want 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?[/quote]The same reason why you want the government to give free money to small corporations unable to pay back?   The loan would end up being a grant soon enough.  What I'm against is this argument that if they don't get a loan, they will fail.  Well, guess what?  Then they should fail.  Cost of doing business.  [/quote]The whole point of the FRA loan program is to aid smaller railroads who may not be able to secure the necessary private funding for capacity improvement projects.  If the FRA rejects funding the very entities who need it, then there's no reason for the FRA loan program to begin with.  End it, and fire the bureaucrats who run it, including Boardman.
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