Ripping up capacity where it wasn't needed, and creating it where it is. We as a country decided we did not want to subsidize unneeded capacity. Now we are getting to the point where we will have to to continue economic growth. With decades in between.
No, they wanted to save a buck. The country was fixated on cutting the deficit. Now we are left with the mess. It should not only come from the taxpayers. It should also come from the shareholders of CN and CP.