I know the Economy is about to BLOW up in Obama's Face and there is NO WAY he is going to be able to HIDE it. Why Railroad Year to Year Shipments are DOWN 5% on a Tonnage and Carload and Intermodal Shipment Basis. The last time the AAR said they saw this was in the 70's. Every MEASURE they use to measure Traffic on the Railroads is OFF at least 5% over last year and down 10% from 2007. Then throw in Obama saying he is going to VETO anything that extends the PTC requirement for the Railroads and the Railroads saying they need more time and if they do not GET THAT TIME they will SHUT DOWN rather than be Fined. Word to the Wise about Jan 1 if the Railroads do not get the extra time they need to Get PTC installed LOOK FOR THE RAILROADS TO STOP MOVING FREIGHT. Get ready for one hell set of Gridlock on the roads. Why the Fines for the Railroads are in the order of 10 Million a Day Per Train if they run without Positive Train Control installed by Jan 1 2015.
Obama and his Cronies fails to understand that you can not put in 200K miles of Rail under a Brand New from Scratch System with 40K locomotives and 1 Million cars plus switches and all the other Gear with equipment that was not even INVENTED until 3 years ago put into Production until 2 Years ago and oh yeah the Railroads do not have the MANPOWER needed to do all the installs needed and the FCC until this Year Blocked the Radio Freq needed out west for the PTC to work. Gotta love the Government. This system has cost the Class ones and Regional Railroads that haul Passengers and any kind of Haz Mat over 20 Billion dollars so far and they still have 15 Billion more to go. Even the BNSF with all of Buffets Cash could not make it happen.