The full story can be found at Yahoo.com.President George. W. Bush said late on Friday he plans to nominate former American Airlines (NYSE:AMR - News) chairman Robert Crandall to Amtrak's board of directors.
Former K-Mart chairman Floyd Hall and former World Bank (News - Websites) official and railroad privatization expert Louis Thompson, also will be nominated to five-year terms, the White House said in a statement.
I personally have to say that I'm very unhappy with the last choice, Louis Thompson. The other two IMHO aren't exactly wonderful appointees, but Louis Thompson hopefully will be rejected. The last thing we need is privatization. Besides the real experts on privatization live in England, and they've already decided that privatization was a huge failure.
The Government of England is now spending more money than ever before, just to fix their privatization debacle. So maybe if we let them try to privatize Amtrak, it will finally get the funding that it needs once privatization fails.