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We all know that the president has rejected the Keystone Pipeline.
Depicted back there but you may not know about the project the President Obama did give the Green light to.
Out in the state of California governor Jerry Brown is hoping to break ground on a publicly funded high speed -- -- The cost almost a hundred billion dollars.
Why would the president support a measure that might bankrupt the state of California.
I'll sing a note to the pipeline were Meyer is -- small business owner and blogger and he joins us live from Phoenix Arizona good -- Good morning thank you -- let's talk a little bit about this -- It it's -- because when you look and and you do this in Forbes magazine.
Where you did -- a column we've looked at the Keystone Pipeline.
Vs the high speed rail out in California drug comparisons if you.
I was disturbed by the fact that just in general this administration seems to be -- -- -- from productive.
Private investments that don't cost any taxpayer money to these enormous taxpayer funded.
Boondoggle so that not only running up our debt but they're also.
Shifting resources economy to less productive activities.
It's they've got this pipeline -- provides a tremendous amount of energy -- states doesn't take a single dollar taxpayer funds.
And we somehow kill that despite and that we've on the other hand support this high speed rail line.
Which has many of the same environmental problems -- and high speed rail line is -- -- intrusive on the land as the pipeline.
And it's but it's gonna take a hundred billion dollars taxpayer money having the other one takes private money takes no taxpayer money.
And it provides a productive -- utility to the country the other what takes a hundred billion dollars taxpayer money.
And it's not clear.
If anybody's even gonna ride it.
That that was going to be my next question I mean it's one thing if you stand a hundred billion dollars Warren on something that a lot of people in the state.
Would benefit from but according to the steps how many people could possibly write this high speed rail line cost -- -- hundred billion dollars between Los Angeles and San Francisco.
Yeah I called the Santa Claus project that it's one of those things -- said would it be great to have what I said -- -- be great if Santa Claus dropped it in there but not for a hundred billion dollars taxpayer money.
They originally sold it the public in California -- there's going to be a 105 million riders.
But there's only three million people a year that fly from Los Angeles December Cisco the numbers are absurd a couple million people might ride -- thing but at those numbers.
It is the actual is actually won't save any oil or do anything -- to do it actually be environmentally.
Produce more CO2 per passenger mile than.
-- -- any other current mode mature and you look at it in at number of different states governors in those states said high speed rail.
No thank you they apparently don't think that the future.
Is the train.
It well exactly avid and personally I love trades up actually you have a model railroad in my basement.
But but trains are tremendously expensive for what we get.
Mickey -- back the real problem is a shifting.
A taking capital lot of private hands -- the marketplace is allocating the most productive things.
And putting it to sexy things that politician's life because it gives them a -- like sure Solyndra we spent 500 million dollars just to get.
Clip on the news of Barack Obama.
You know presenting in front of -- -- -- solar production remodel their units of one guy who does love the train and that is Joseph Biden he -- and attractive to extend Delaware and Washington for decades.
-- -- -- A blogger -- -- blog and also you can read reports think you very much for joining us today.
Thank you and.
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