Nader Calls Pennsylvania Turnpike Deal a Giveaway to Foreign Corporations, Big Banks
El_Kabong
Posts: 4,141
what does everyone else think of this? i don't see the need in allowing corporations to own our roads or bridges and other public infrastructure
http://www.votenader.org/media/2008/05/20/nader-calls-pa-turnpike-deal-a-giveaway/
Nader Calls Pennsylvania Turnpike Deal a Giveaway to Foreign Corporations, Big Banks
uesday, May 20, 2008 at 07:00:00 AM
FOR IMMEDIATE RELEASE
Contact: Chris Driscoll, 202-360-3273, chris@votenader.org
Nader Calls Pennsylvania Turnpike Deal a Giveaway to Foreign Corporations, Big Banks
Presidential candidate Ralph Nader said today that the proposed corporatization of the Pennsylvania Turnpike is an unconscionable "long-term giveaway to big banks and foreign corporations."
Yesterday, Pennsylvania Governor Ed Rendell announced that a group led by Spanish infrastructure operator Abertis Infraestructuras SA and Citigroup Inc. had won bidding for the 75-year lease of the Pennsylvania Turnpike with a cash offer of $12.8 billion.
Nader supporters will campaign throughout Pennsylvania to defeat the 75-year surrender of this public asset paid for by millions of Pennsylvanians.
"The public paid for the turnpike," Nader said. "The public should maintain operational control. The turnpike is a commonwealth asset for motorists and workers."
"Governor Rendell's proposed deal is a license to print money for the big banks and foreign investors," Nader said. "It undercuts President Eisenhower's dream for a national transportation infrastructure - publicly built and publicly controlled for public accountability and national defense. We cannot maintain a national highway network if key segments are leased to the highest bidder. Pennsylvania is taking a minuscule up-front payment in return for a large downstream private profit over three-quarters of a century (until 2083) to a foreign company which is being handed a captive customer base."
"This is the kind of deal that European imperialists used to impose on countries of the third world in past centuries. These days, $12.8 billion produces very little compared to the value of this commonwealth asset over 75 years. Just one bridge upgrade project in Washington, DC has just cost $2.5 billion. The Governor is proposing selling off a key public asset for short term gain. It's a bad deal and the legislature should defeat it. There are far more details to be disclosed."
Nader has been a persistent critic of the corporatization of the nation's highways.
In February 2007, Nader wrote a letter to Indiana Governor Mitch Daniels criticizing his proposal to lease the 175-mile Indiana toll road to foreign corporations.
http://www.votenader.org/media/2008/05/20/nader-calls-pa-turnpike-deal-a-giveaway/
Nader Calls Pennsylvania Turnpike Deal a Giveaway to Foreign Corporations, Big Banks
uesday, May 20, 2008 at 07:00:00 AM
FOR IMMEDIATE RELEASE
Contact: Chris Driscoll, 202-360-3273, chris@votenader.org
Nader Calls Pennsylvania Turnpike Deal a Giveaway to Foreign Corporations, Big Banks
Presidential candidate Ralph Nader said today that the proposed corporatization of the Pennsylvania Turnpike is an unconscionable "long-term giveaway to big banks and foreign corporations."
Yesterday, Pennsylvania Governor Ed Rendell announced that a group led by Spanish infrastructure operator Abertis Infraestructuras SA and Citigroup Inc. had won bidding for the 75-year lease of the Pennsylvania Turnpike with a cash offer of $12.8 billion.
Nader supporters will campaign throughout Pennsylvania to defeat the 75-year surrender of this public asset paid for by millions of Pennsylvanians.
"The public paid for the turnpike," Nader said. "The public should maintain operational control. The turnpike is a commonwealth asset for motorists and workers."
"Governor Rendell's proposed deal is a license to print money for the big banks and foreign investors," Nader said. "It undercuts President Eisenhower's dream for a national transportation infrastructure - publicly built and publicly controlled for public accountability and national defense. We cannot maintain a national highway network if key segments are leased to the highest bidder. Pennsylvania is taking a minuscule up-front payment in return for a large downstream private profit over three-quarters of a century (until 2083) to a foreign company which is being handed a captive customer base."
"This is the kind of deal that European imperialists used to impose on countries of the third world in past centuries. These days, $12.8 billion produces very little compared to the value of this commonwealth asset over 75 years. Just one bridge upgrade project in Washington, DC has just cost $2.5 billion. The Governor is proposing selling off a key public asset for short term gain. It's a bad deal and the legislature should defeat it. There are far more details to be disclosed."
Nader has been a persistent critic of the corporatization of the nation's highways.
In February 2007, Nader wrote a letter to Indiana Governor Mitch Daniels criticizing his proposal to lease the 175-mile Indiana toll road to foreign corporations.
standin above the crowd
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
Post edited by Unknown User on
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Comments
http://www.corridorwatch.org/ttc/index.htm
Sorry nothing concrete to back it up, raw opinion but frankly I don't give a crap. I wouldn't trust him in my house for 4 seconds alone.