Steel rail news | Arkansas Blog

Thursday, February 18, 2010

Steel rail news

Posted By on Thu, Feb 18, 2010 at 3:43 PM

It would not be blues if this news came true -- Carl Icahn's idea to become a high-speed train manufacturer from plants based in Arkansas through a new startup venture that includes American Railcar.

Icahn, a fabled corporate raider, has had his ups and downs. That he made big money on some of his deals didn't always mean the takeover targets prospered.

Is Congress going to finance President Obama's high-speed rail dream beyond the $8 billion he's already released in stimulus money? Many have already said the outlay isn't sufficient to get much accomplished. Not if Republicans have anything to say about it, surely. Time for the Elite Eight of Republican senatorial candidates in Arkansas and the couple of Republicans hoping to serve the congressional district where the equipment would be made  (the 1st District, presumably at American Railcar plants at Marmaduke and Paragould) to denounce this Icahn plan as socialism and to pledge they will not vote to spend a dollar on it.

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