“The Escape Artists,” the new book about the Obama administration’s economic policy-making, has an amazing story about who’s responsible for the decision to dump tens of billions of dollars in federal stimulus money into bullet-train debacles. One Chris Reed, writing at Cal Watchdog, has all the details.
The key passage from “Escape Artists” is here:
In December , the economic team dutifully prepared a list of drab but high-bang-for-your-buck outlays to [Rahm] Emanuel. The list included … $20 billion to repair existing roads and bridges, $5 billion to repair public housing units and another $5 billion to upgrade sewage treatment facilities. …
Emanuel’s brother, Ezekiel, a doctor who was joining the administration as a health care adviser, happened to be staying with the future chief of staff when the list arrived via fax. “There’s nothing that really gets my heart racing,” the brother later complained. “What would get your heart racing?” Rahm Emanuel asked glumly. “I don’t know. How about high-speed rail — getting from New York to D.C. in 90 minutes?” Within days, some $20 billion in high-speed rail investments had immaculately materialized on the list.
Are you kidding me? The Obama administration’s obsession with high-speed rail began as a way to get Dr. Ezekiel Emanuel’s heart racing? This is at the root of the president’s determination to trick/bully California and other states into building immense boondoggles by providing them initial billions until the projects became too big to fail?
I feel ill.
Also check out One Chris Reed’s article for an amazing story from “Escape Artists” about green jobs. Obama knew you couldn’t build an economic recovery on them, but he went ahead and lied about it anyways.