Moonglow
Diamond Member
All the government transcontinental railroads went bankrupt shortly after they were completed. They were rife with corruption and outright fraud. The construction was so shoddy that most of the line had to be rebuilt before they could be operated profitably.
Thank the railroad companies.
it was around the time of when grant was a republican president and his administartion was rife with corruption and fraud also.
Whenever government decides to subsidize private businesses, corruption is always the result, but somehow the liberal always finds a way to blame business. Corruption is the inevitable result of giving away other people's money. It goes along with government subsidies just as STDs go along with promiscuity.
The bottom line is that the government transcontinental railroads were financial disasters. I always laugh whenever I see liberals touting them as great examples of the benefit of government subsidizing business and "investing" in infrastructure.
Yes, you read where I blamed both, but do finish your tirade, it's your modus operandi.