Transportation Industry
2008 Ad
Railway Age, Sept, 2008 by William C. Vantuono
While it seems that the urgency to invest in and grow the nation's railways, freight and passenger, transcends politics, this election may prove more confusing and polarizing than most.
Conventional wisdom and "traditional" partisan politics tells us Republicans are good for freight, bad for passenger; Democrats are the opposite. Management will lean toward the Republican candidate, labor toward the Democrat. (I interviewed Union Pacific chief executive Jim Young by telephone for our August issue. I could almost see him cringe when we got into a brief discussion on politics and I mentioned Barack Obama's name.)
No way is anything clear-cut. Let's take a look at both Presidential candidates and what electing them might mean for the industry.
It's safe to say that Democratic candidate Obama will not stand in the way of progress for passenger rail. Obama, according to the Railway Supply Institute's Capitol Hill office, "supports development of high speed rail networks." That's encouraging. But an Obama Administration would have the benefit of a Congress controlled by Democrats, who are more inclined to push for freight railroad reregulation, via Jim Oberstar. That's scary. So far, Obama has not taken a position on reregulation, and he believes "most problems can be resolved through increased investment in infrastructure and dialogue between the parties." He also "believes domestic rail freight capacity must be strengthened," and he supports "clean coal." That's encouraging. On the other hand, he's criticized the CN/EJ&E merger. That's disturbing.
[ILLUSTRATIONS OMITTED]
A balancing influence for passenger rail in an Obama Administration could be his choice for Vice President, Sen. Joe Biden of Delaware, a regular commuter on (and strong supporter of) Amtrak (see p. 26).
John McCain does not support reregulation or taking away the industry's limited antitrust exemption, and he supports clean coal. That's encouraging. But he's been one of Amtrak's harshest critics, and has opposed continued funding for it. That's discouraging. On the other hand, his position papers do not mention anything about passenger rail. That's typical.
Conventional wisdom? "Traditional" Democrat vs. Republican partisan positions? Wait a second: Republican Richard Nixon signed the law creating Amtrak, and John Volpe, his transportation secretary, was largely responsible for crafting federal funding for transit. Democratic New Jersey Congressman Jim Florio is credited with crafting railroad deregulation in the late 1970s, which led to the Staggers Act in 1980, signed by Democratic President Jimmy Carter. And who can forget candidate Bill Clinton donning an Amtrak conductor's cap in 1992 and giving a thumb's up, and actually using the words "high speed rail" in a debate--and then doing virtually nothing for passenger rail after being elected? His administration did nothing to negate the silly "glide path to self-sufficiency" yoke Congress hoisted on Amtrak in 1997.
Now we have two Presidential candidates who appear to be all over the railroad map--if they even care.
What's a railroader to do? Vote for Lyndon LaRouche?
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Using object-oriented analysis and design over traditional structured analysis and design



