One liners are cool. Personally however, I would not promote one liners in Python. Python code is meant to be read. Cryptic coding is in perl's world.
Code below is intuitive and almost a three year old would understand.
for line in open('C:\\switches.txt'):
print line.rstrip()
BTW, if the file is huge, one may want to consider using
open('c:\\switches.txt', 'rb') instead.
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