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The Runaway Subsidy Train

In some corridors, 'high-speed' rail won't be much faster than trains in the 1930s. On Thursday the Obama administration awarded $8 billion in stimulus funds to plan and build high-speed rail projects in California and Florida, and for other routine passenger-rail projects masquerading as high-speed rail. This is a political plum to the states that will receive the money.

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Wall Street Journal