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DM&E Financing revisited.
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<P>[quote user="TheAntiGates"] </P> <P><SPAN class=PageTitle>I notice that some critics are faulting DM&E for trying to become an</SPAN><A href="http://www.journalstar.com/articles/2006/07/16/business/doc44b7ef06e0448518604531.txt"><SPAN class=copy> island of socialism in a sea of railroad capitalism,</SPAN></A> ( scan down to comment by <SPAN class=copy>Frank Wilner, former chief of staff to the vice chairman of the U.S. Surface Transportation Board) suggesting that taxpayer monies will actually be loaned creating an unfair subsidy not enjoyed by DM&E's competitors.<BR><BR></SPAN>[/quote]</P> <P>Anyone who works for or used to work for the STB is probably heavily vested in the interests of the Big Six railroads. UP and BNSF opposed competition. UP feigns disinterest, but at least BNSF is honest enough to publicly oppose the project (which only puts them further into the pit of anti-American/anti-Capitalist excess.)</P> <P>As for "an unfair subsidy not enjoyed by DM&E's competitors".....</P> <P>"<FONT face=Verdana size=2>DM&E receives no special treatment or consideration. <STRONG>Dozens of railroads have pending loan applications and dozens more have received FRA loans over the past 30 years. </STRONG>In fact, parts of the Burlington Northern Santa Fe (BNSF) and Union Pacific (UP) coal hauling lines were built with FRA loans like the one that DM&E has applied for. In today’s dollars, <STRONG>the FRA loan for the UP line alone was $1.5 billion</STRONG>. "</FONT></P> <P><A href="http://www.gotrac.org/index.cfm?page=267">http://www.gotrac.org/index.cfm?page=267</A></P> <P>You and Frankyboy need to do your research first before making such false claims.</P> <P> </P> <P>Let's set the record straight once and for all - <STRONG>The US rail industry has been and continues to be heavily subsidized. </STRONG></P> <P> </P>
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