The law in question strikes me as a classic piece of mid-20th-century liberal policymaking. SOMETHING MUST BE DONE! But did posting signs at every railroad crossing in the country save any lives? And would it survive a commerce clause challenge with the more conservative/state's rights oriented judiciary of today?
It was probably chosen as a simple issue that kids could understand, along with being an example that didn't go through as many twists and turns on it's way to becoming law as a more important or complex piece of legislation. And maybe the signs did save a few lives at relatively low cost, so no harm, no foul, even if it's a somewhat paternalistic sort of law.
Don't stop your car (or schoolbus) on railroad tracks. Just don't do it!
I might make class time for this classic SNL bit from Obama's 2nd term:
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