Yes, but the plane has momentum flying forward which adds a lot to energy in the bullets. Come to think of it, most accounts I have read or seen on TV were pilots flying the P-47. Now if a massive Jug is in a transonic dive firing 1000's of .50 bullets from its 8 guns, that is a real wall of lead traveling at insane speeds. Now these pilots, who were there and saw with their own eyes say they knocked trains off the tracks I will believe them over some random guy on the web.
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