Skip to content
Subscriber Only

Riding High-Speed Rail to a U.S. Recovery: John Rosenthal

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.