Obama's Phantom Trains

"Within 25 years, our goal is to give 80 percent of Americans access to high-speed rail," President Obama declared in his State of the Union address, making it the most ambitious element of his vision for "winning the future."

Invoking national pride, Obama mused that "America is the nation that built the transcontinental railroad, brought electricity to rural communities, constructed the interstate highway system." Sadly, he lamented, the U.S. now lags behind Europe, Russia, and China in modern transportation infrastructure.