Saturday, October 25, 2008

the credit crisis

There is bad news for public transit in the most recent edition of USA Today.

You can read the whole article here.

After you've read that, I highly recommend that you take a look at Bus Chick's angle on the subject. Be sure to read Bus Chick's October 24 post.

2 comments:

Lynn said...

I skimmed the article, but read a few of the comments below it. The article was too much for me.

Ken said...

The gist of the article is that money is drying up all over, and nobody's loaning, etc.-- the big public transit projects are going to run out of money too.

If the government is going to bail out big financial companies like AIG, etc., then they should also bail out any public transit projects which are in danger of failing.