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High-speed rail: Can it work in the US?

Brian Snyder/Reuters

(Read caption) Passengers board an Amtrak Acela Express train at South Station in Boston. The trip to Washington, D.C., would take nearly seven hours.

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The symmetry is nice. A half-century ago, President Eisenhower pushed for interstate highways, which connected America, boosted the economy, and helped give the heave-ho to the nation's passenger-rail system.

On Thursday, President Obama announced he wants to connect America, boost the economy, and help give the heave-ho to the nation's interstate-highway travel with a high-speed passenger-rail system that ...

Hey, wait a minute! Is this back-to-the-future government policy?
A $13 billion downpayment

The president would use $8 billion of the stimulus package plus another $5 billion in future federal budgets to begin laying the foundation for 10 high-speed rail corridors around the nation. (See a map here.)

That's an important start – but not enough to build a single bullet-train system, let alone connect New York to Chicago or California with anywhere else. (Click here to see what it could do.)

The nation's First Commuter, Vice President Joe Biden, made the most impassioned pitch for something that's dear to his heart: "Imagine whisking through towns at speeds over 100 miles an hour, walking only a few steps to public transportation, and ending up just blocks from your destination. Imagine what a great project that would be to rebuild America."

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