RailPAC Meeting in Los Angeles November 1st October 22nd, 2008
Location: Los Angeles Union Station in the North Patio behind Traxx Restaurant.
When: From Noon until 2 P.M.
Topics: The November 4th Election, Prop 1A ( HIgh Speed Rail) Prop R ( Los Angeles County Sales Tax for Rail Transit. )
YES ON PROPOSITION 1A – NOW MORE THAN EVER! October 22nd, 2008
A few years ago I was concerned about the timing of building a High Speed Rail system in California. Business worldwide was booming. Prices for steel, cement and other basic construction materials were skyrocketing, even supposing you could find a supplier. It seemed to me that cost estimates would soon be out of date as inflation took hold and we’d end up spending far more than we had bargained for.Â
Why Vote for Proposition 1A? Because of the Stupid Economy! October 22nd, 2008
Editorial by Noel T. Braymer
There are three good reasons for voting for Prop 1A. They are jobs, jobs and jobs. Expanded high speed, intercity and commuter rail passenger services will create jobs from construction, in the operation of rail service and from the economic development that improved transportation creates. At the heart of the current recession and all economic downturns is the fact that consumers are not spending money. The reason for this is simple; people don’t have money to spend. The solution is to this is to create jobs so people have spending money. The problems we have now like banks running out of money, going out of business and people losing their homes happened before in the 1930’s. So what happened back then? Things got built, like Hoover Dam, the Bay Bridge and the Golden Gate Bridge which created jobs. Many of these and other projects were built with borrowed money. How can we do this when our current problems are from to much debt? Well the problems in the 1930’s were caused by the same problems we have now: too much money was borrowed to gamble on speculation which disappeared when the speculative bubble burst. When you invest borrowed money in things with concrete value and worth, you create wealth. This is what it means to spend money to make money.
