Joe Biden Wants to Undo a Rail Success

WSJ 0 تعليق ارسل طباعة تبليغ حذف

Have you heard about the bill steaming through a divided Congress with bipartisan support to reverse a 40-year bipartisan experiment in railroad deregulation? No, you haven’t because it doesn’t exist.

From the 1920s to the 1970s, the U.S. pulled a Venezuela, driving into near-collapse an industry vital to its economy. An unlikely reform promoted by President Jimmy Carter and bipartisan allies in Congress set the Interstate Commerce Commission on a path to extinction and saved the nation’s freight railroad system by mostly deregulating it. Not only Washington but the world-wide rail community looks back on the 1980 Staggers Rail Act as that rarest of things, a palpable success authored by the U.S. Congress.

Disclaimer that the site operates automatically without human intervention, so all articles, news and comments posted on the site are the responsibility of the owners and the website manages them do not bear any moral or legal responsibility for the content of the site.
"All rights reserved for their owners"

Source:" WSJ "

0 تعليق