- Mar 17, 2010
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Obama announces plans to spend over $60 billion on high-speed rail, with the contract going to his new Job Czar Overlord Prefect, the chairman of GE.
This comes on the heels of announcements that Obama wants to "open up" markets in China, by giving them our technology, letting them build stuff for us, and then buying it from them.
Looking back in time, this looks like it's been a long time in the making. Suggests that GE has always been working hard to ship jobs overseas, to increase capacity, and get ready for no-bid contracts to come in.
If it weren't for the insatiable, irrational, flat out idiotic desire by Democrats to build high-speed rail lines to be subsidized perpetually by taxpayers, this might not have worked. Unfortunately, Obama likes to bring bad ideas to light.
http://www.bloomberg.com/news/2011-...-years-to-build-high-speed-rail-networks.html
From 2009:
http://gigaom.com/cleantech/ge-fires-up-rail-deals-in-china-eyes-u-s-high-speed-rail-projects/
This comes on the heels of announcements that Obama wants to "open up" markets in China, by giving them our technology, letting them build stuff for us, and then buying it from them.
Looking back in time, this looks like it's been a long time in the making. Suggests that GE has always been working hard to ship jobs overseas, to increase capacity, and get ready for no-bid contracts to come in.
If it weren't for the insatiable, irrational, flat out idiotic desire by Democrats to build high-speed rail lines to be subsidized perpetually by taxpayers, this might not have worked. Unfortunately, Obama likes to bring bad ideas to light.
http://www.bloomberg.com/news/2011-...-years-to-build-high-speed-rail-networks.html
There are key places where we cannot afford to sacrifice as a nation -- one of which is infrastructure, Biden said in a speech today at 30th Street Station in Philadelphia. Obama submits his fiscal 2012 budget to Congress on Feb. 14.
...
Bidens remarks, released in advance by the White House, didnt spell out how the six-year program would be financed, or what other federal programs may be reduced to offset costs.
From 2009:
http://gigaom.com/cleantech/ge-fires-up-rail-deals-in-china-eyes-u-s-high-speed-rail-projects/
General Electric started churning out plans earlier this year for cleaner heavy-haul locomotive technology, announcing its intention in May to produce batteries for hybrid trains in upstate New York and unveiling a new, more fuel-efficient locomotive model. This morning, the conglomerate has announced a set of agreements with various companies and the government of China that will help GE ramp up its locomotive business in the country and potentially lead to a larger role for both GE and China on the road to a high-speed rail buildout in the United States.
GE has announced two deals related to rail this morning, including an agreement with Chinas Ministry of Railways to advance partnerships that would allow the company to pursue high-speed rail projects in the U.S. with manufacturing provided by a Chinese partner (GE doesnt currently manufacture locomotives for these types of projects). And its formed a joint venture with CSR Qishuyan to develop, build and service GEs most fuel-efficient line of diesel locomotive engines, the Evolution Series, in China and eventually other countries as well.
