I can accept that one point doesn't make a line.
However, I think it's also worth mentioning since you call out the 1940-1980 period, that a lot of that infrastructure was built thanks to, to my knowledge, the federal Declaration of Taking Act, 1931.
It was put on the books to enable faster confiscation of land for public use by the government. Unlike state eminent domain laws, the federal law gives the government the right to take the land first, tell you to vacate immediately, and have the courts set a price later. The government acquired land area under the declaration of taking act roughly the size of South Carolina (20 million acres). [1]
Meaningful infrastructure projects require setting aside individual rights for the collective good, and in the last few decades the US lost its taste for doing so. Now even building a basic over-land high-speed train is a morass of litigation and whining which balloons costs, reduces state capacity and leads to ridiculous compromises.
In my opinion it's not a question of whether theres "something there" or not - there's nothing in the Central Valley or along either the I-5 or the CA-99 corridor of any particular note. Building along it efficiently requires some authoritarian land-taking that the US has long since lost its taste for, despite having the capacity to carry out.
Many today would consider collecting 20M acres of land, telling people to get off, and eventually paying them out some amount set by the courts to be an act of authoritarian government imposition on private land incompatible with a western liberal democracy. In my opinion it's silly that one dude's cow paddock and one dude's fear it might make some toads sad can hold up high-speed rail between the two of the biggest economic powerhouses in the world.
[1] https://www.justice.gov/enrd/history-federal-use-eminent-dom...