Do I love this story?
You bet I do. It just seems too right though to be something that could actually come to pass.
But with Buffet buying up stock you have to know it might be a serious story. Read the article, it touches on all the reasons why it is the right thing to do. The number one thing that I immediately thought of was fuel efficiency. It's about time someone put their money where their mouth is.
The government for years has had a hand in our national transit system Amtrac and have done nothing more about it, while the oil cartels in the Mid-East gouge us more each week, and our pols (stated with a sneer) talk about us regaining our oil independence from OPEC with words that have not one lick of credibility.
Starting rail systems to handle some of our commuting would rid the street of a lot of traffic and conversely a lot of gas consumption. My state of Ohio governor Strickland has stated he would like to consider establishing a high-speed rail system throughout the state. Sounds fantastic to me on one hand, but being a political realist, I know this won't ever happen. What really ticks me is not so much that the weak link is money raising, but the sneaking suspicion that the pols don't mean a word of it.
It would help solve too many current problems to have any chance of succeeding.