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Amtrac proof the goverment should stay out of business..

should the goverment (Obama and the democrats) bail out a corporation?

  • NO

    Votes: 0 0.0%
  • Yes

    Votes: 0 0.0%

  • Total voters
    0

Steve

Well-known member
OldTimer said:
In the 1970s, the railroads were nearly threatened out of existence by the recent popularity of air travel. The government-owned National Railroad Passenger Corp., better known as Amtrak was created in 1971 and is still reliant on taxpayer money today. Conrail was created in 1976 as a merger of Penn Central (which declared bankruptcy in 1970) and a half-dozen other bankrupt railroads. Conrail fared better than Amtrak, even managing to turn a profit by the mid-1980s and eventually going public.

This is just one example of why government should not run a business..

Chrysler is another.. it failed once and was bailed out.. only to fail again.. this time it's assets are not even enough to cover it's debts and obligations..
 
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