I live in Japan; bullet trains are great here, but the distances they cover are quite short by American standards. Extremely high ridership, with trains covering relatively short distances between extremely populated population centers (the Tokyo metro area has 38 million people for reference) means the trains operate at a profit. That could be done in America, maybe, but only between select cities that aren't too far apart, such as DC and NYC and Boston. Even here in Japan, no one is taking the shinkansen between far-apart cities in the north and south; they use inexpensive and faster domestic flights instead.