Dec. 19 (Bloomberg) -- Bipartisan enthusiasm greeted
President Barack Obama’s announcement in 2009 that the U.S.,
long the world’s caboose in train travel, would finally invest
in high-speed intercity passenger rail.
Much as Dwight D. Eisenhower made the Interstate Highway
System a hallmark of his administration, Obama pledged to make a
national network of bullet trains the legacy of his. Governors
from both parties applied for the initial round of $8 billion in
funds from the $787 billion stimulus bill.
