The Crony Capitalist Birth of the Transcontinental Railroads

When Barack Obama used the transcontinental railroads as an example of the wonderful things that can be accomplished with grandiose government programs, he was attacked for mistakenly referring to the railroads as “intercontinental.” Notably, he was attacked by approximately no one for talking up a government program that in reality should be best remembered as a pioneering feat in government corruption, corporate welfare, and immense waste.
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