Last week, The Legislative Analyst's Office (LAO) issued a highly critical report on current High Speed Rail (HSR) plans. The LAO said HSR is threatened by erratic (if not completely non-existent) financing compounded by management problems.

It turns out Ross Perot had not fallen off his rocker when he, as a 1992 3rd party presidential candidate, predicted that signing NAFTA would lead to the loss of American jobs to trade partners amid a “giant sucking sound.”