California governor Jerry Brown has staked out the turf as President-Elect Trump’s opponent, hiring Eric Holder to gin up a legal strategy and appointing Congressman Xavier Bacera as his A.G. to oppose anticipated Trump policies in sanctuary cities, the environment, and what some call California’s “values.” But I have to wonder if Brown doesn’t have a vulnerable flank in this battle: the looming financial collapse of his most cherished project, the so-called “bullet train” between the Bay Area and Los Angeles.  Yesterday, the Los Angeles Times published information from a “confidential” Federal Railroad Administration report that was leaked to it revealing absolute incompetence and out-of-control overspending on the first segment under construction.  The report by Ralph Vartabedian should be read in its entirety to grasp the level of chaos in the project: California’s bullet train could cost taxpayers...(Read Full Post)