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Mark: I'm puzzled by your pessimism over the prospects for the U.S. economy, but it is not uncommon for informed minds to differ over that. But let's keep a clear eye on the real world. REAL GDP has had the following increases so far this century (surely we don't differ that the U.S. economy did reasonably well over, say, the previous 50 years): Each year compared to the previous year: 2000 +0.8% 2001 +1.9% 2002 +3.0% 2004 +4.0% (Est) What is elusive about that growth? I respect your bias in favor of the railroads in the public policy arena, yet you have a confidence in your implicit view that a "sensible policy" would have a dramatic and positive impact on railroads for which I see little empirical evidence. Again, I offer the Euopean experience as suggestive of the likely outcome.
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