...freight rail has squeezed out costs and made shipped goods much cheaper for all of us. Europe and Japan have lousy freight rail and pay more for things.
The reason that's important is that truly high-speed trains cannot use freight rail tracks. Freight trains travel slower and have a hard time getting out of the way of passenger trains traveling 200 miles per hour.
Obama's belief in this stuff is misplaced. It will cost him votes.
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