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"Railroads can't maintain pace of coal demand"

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[quote user="futuremodal"].And I'll bet you probably voted for all those morons, didn't you![/quote]Funny you choose to generalize in that fashion.  The ground rules for dereg were layed under Pete Wilson's watch, so it hardly qualifies as a "liberal" snafu. (though I'll admit that they certainly had their hands in it too) I worked for a large electricity consumer  in southern California at the time,  we were very interested in it all as it unfolded, from the perspective of the ones having our pocket picked, so I'm probably more familiar with all that went wrong than you suspect. Yes some of the things are what you mention, but there is considerably more, that i won't bother to go into here, suffice it to say that "too many cooks" spoiled that broth, each special interest had to put their mark on the  legislation, and created a frankenstein.   The relevant similarity was in the way  the self coronated experts alluded to big savings,  just over the horizon, if everyone would just shut up and let them drive. ( begging blind trust)  Consequently, I've grown  skeptical of  such offers ,  unless there is a concrete blueprint to get me to the promised returns. And it's pretty unlikely that there is anything you can say or do that would change that, fwiw.  Fool me once, then shame on you, fool me twice...etc. People willing to buy into those nebulous bargains requiring their immediate cooperation in exchange for a path down the yellowbrick road later, usually get exactly what they deserve, regardless of whatever they had been led to expect. Tell you what I'd like to see ...the argument that the loan will help the ecomomies of the involved states makes more sense to me than all the other excelsior combined. Which states are expected to gain jobs, and how many jobs are we talking about? As part of an economic recovery, this might actually be worthwhile. Always happy to help our northern neighbors. [:)] Still,  the risk of default concerns me. Why not have the states that expect to have tangible gain to their economies cosign the loan, where the states become responsible for repayment if the railroad should fail  (think the states would go for it?)  With that done, then  there is just the matter of the need for  DME to find an acceptable a solution  with Mayo.  If they could come to mutually acceptable compromise solution between them,  I'd be good to go on the whole deal.At least my personal reservations would be put to rest, as if my opinion would really matter.
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