Four years ago was September 2008. George W. Bush was president and Wall Street giant Lehman Brothers was collapsing. It was a time of fear. It was a time of panic about the future. Recalling that anxiety is unsettling. But it's important for comparison sake.
Republican governors Rick Scott of Florida, John Kasich of Ohio and Scott Walker of Wisconsin all turned down available Federal funds. California's governor is happy to take the money to build a system linking Los Angeles and San Francisco but it's become tied up by routing and funding disputes.
"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."