CEOs and shareholders are the root of all evil!
https://www.fractracker.org/2024/06/exploring-the-fallout-of-precision-scheduled-rail-a-rail-workers-perspective/
> Lindsey points out that for all the bluster from both sides of the aisle in aftermath of the East Palestine disaster one thing that got lost in all the noise was the fact that the Trump administration’s USDOT repeal of the Electronically Controlled Pneumatic (ECP) Brake Mandate absolutely did play a role in events like East Palestine.
> Lindsey suggested that those that minimized the potential assistance provided by ECP during the East Palestine disaster suggesting it would’ve only been a few seconds are wrong and that those few seconds are “the difference between your train staying on the rail and the train piling in a giant smoking wreck!” If ECP had been in place, there is no doubt one car would have ended up on its side followed by a couple more but that would have been it. Again, we hear cries of poverty from the industry suggesting out of one side of their mouth that installing ECP fleet-wide would be cost prohibitiv,e while out of the other awarding CEO’s exorbitant bonuses and implementing massive share buybacks simultaneously inflating the value of the remaining shares and pacifying Wall Street benefactors like Black Rock, Blackstone, State Street, and Vanguard. Working in concert with Wall Street, which knows next to nothing about rail, we’ve seen the Big Four Class I operators Norfolk Southern (NS) and CSX in the east and Union Pacific (UP) and BNSF in the West extract capital out of ancient infrastructure over and over again.
THE PARASITE CLASS MUST BE EXTERMINATED! EVERYONE WITH MBA SHOULD BE EXECUTED, EVERYONE WITH TOO MUCH MONEY SHOULD BE EXECUTED, THEY MADE IT BY SCRAPPING WHAT OUR ANCESTORS HAVE BUILT.
> Lindsey points out that for all the bluster from both sides of the aisle in aftermath of the East Palestine disaster one thing that got lost in all the noise was the fact that the Trump administration’s USDOT repeal of the Electronically Controlled Pneumatic (ECP) Brake Mandate absolutely did play a role in events like East Palestine.
> Lindsey suggested that those that minimized the potential assistance provided by ECP during the East Palestine disaster suggesting it would’ve only been a few seconds are wrong and that those few seconds are “the difference between your train staying on the rail and the train piling in a giant smoking wreck!” If ECP had been in place, there is no doubt one car would have ended up on its side followed by a couple more but that would have been it. Again, we hear cries of poverty from the industry suggesting out of one side of their mouth that installing ECP fleet-wide would be cost prohibitiv,e while out of the other awarding CEO’s exorbitant bonuses and implementing massive share buybacks simultaneously inflating the value of the remaining shares and pacifying Wall Street benefactors like Black Rock, Blackstone, State Street, and Vanguard. Working in concert with Wall Street, which knows next to nothing about rail, we’ve seen the Big Four Class I operators Norfolk Southern (NS) and CSX in the east and Union Pacific (UP) and BNSF in the West extract capital out of ancient infrastructure over and over again.
THE PARASITE CLASS MUST BE EXTERMINATED! EVERYONE WITH MBA SHOULD BE EXECUTED, EVERYONE WITH TOO MUCH MONEY SHOULD BE EXECUTED, THEY MADE IT BY SCRAPPING WHAT OUR ANCESTORS HAVE BUILT.
