Ve'hoe wrote:
First, you don't sell it to a foreign country. Then,,,, you don't let Obama sponsor a humongous depression and call it OK,,,
On a single day in June, an Australian-Spanish partnership paid $3.8 billion to lease the Indiana Toll Road. An Australian company bought a 99-year lease on Virginia's Pocahontas Parkway, and Texas officials decided to let a Spanish-American partnership build and run a toll road from Austin to Seguin for 50 years.
The problem for the ITRs investors -- and one that can potentially unravel similar deals -- is the imprecise nature of traffic projections. They are, t***sportation officials admit, notoriously unreliable and more of an art form than a science. If investors guess too high, they could lose big sums. But if they guess too low, they might wind up losing out on a good deal. The ITR deal was a case of especially bad timing, since theres no way Macquarie and Cintra could have predicted that the worst economic downturn since the Great Depression would strike so soon after the ink dried on the contract. The ITR was bought during a bubble and the [new owners are] trying to operate during a recession, says David Ellis, a research economist with the Texas T***sportation Institute. To expect for this to be a rosy time might be a little bit contrary to logic.
Americans, still suffering the effects of a recession while facing elevating gas prices, arent driving as much as they used to. Moreover, the volume of commercial truck traffic -- key to the success or failure of the ITR -- is tied directly to the state of the economy at large. With those trucks not hauling the volume of products they once did, its no surprise the investors are struggling.
First, you don't sell it to a foreign country. The... (
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Yes, Bush left a healthy economy there. Jeesh!!!!!