"However little president Obama knows or cares..." - Quote by Thomas Sowell
However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.
More by Thomas Sowell
“Envy is always referred to by its political alias, 'social justice.”
“How long do politicians have to keep on promising heaven and delivering hell before people catch on and stop getting swept away by rhetoric?”
“Lofty talk about 'social justice' or 'fairness' boils down to greatly expanded powers for politicians, since those pretty words have no concrete definition. They are a blank check for creating disparities in power that dwarf disparities in income - and are far more dangerous.”
More on Politics
“You're always as good as your last movie and that's the same with politics. If you are successful with a certain policy, then you're hot; if you're successful with the economy, or bringing down the unemployment rate, then you're hot. But if you're not successful, then things go south very quickly.”
“The more you read and observe about this Politics thing, the more you've got to admit that each party is worse than the other.”
“Just as Lincoln got contradictory advice from the extremists of both sides . . . so now I have to guard myself against the extremists of both sides.”