In Leaked Email, NASA Chief Vents On Shuttle Program's End 424
jerryasher writes "In a leaked memo, NASA Administrator Mike Griffin discusses 'the jihad' to prematurely terminate the Shuttle and what that means for the International Space Station. One implication: there may come a long interval when only our Russian Allies are aboard the Space Station. Add that bit of irony to your new cold war kit and then wonder why Griffin discusses why we wouldn't sabotage the Space Station, and how and why the memo got leaked in the first place."
Re:Source of leak? (Score:5, Insightful)
In a statement issued after the Orlando Sentinel posted Griffin's e-mail, the space agency administrator stressed that the memo alone lacked the appropriate context.
"The leaked internal email fails to provide the contextual framework for my remarks, and my support for the Administration's policies," Griffin said the NASA statement. "Administration policy is to retire the shuttle in 2010 and purchase crew transport from Russia until Ares and Orion are available."
This basically validates the accuracy of the article's source material (the email), although it does insist that relying on the information in the email alone would not respect the context it was written in. In short, you should have RTFA (which contains a lot more information than the original email), and your comment is idiotic and baseless.
And he's absolutely right (Score:5, Insightful)
With Putin doing his best Stalin imitation lately, it's moronic to trust the Russians to be a reliable stopgap until our new rockets and spacecraft are ready. We need to simply accept the fact that we'll be needing the Shuttle for a little while longer, and budget appropriately.
Re:And he's absolutely right (Score:5, Insightful)
Sabotage! (Score:4, Insightful)
I would imagine he's covering scenarios. But I'm sure someone will manage to read something sinister in to it.
Re:So let's stop faffing around (Score:5, Insightful)
"And get something new and awesomer in the skies to replace it.
Something that could get people going wow again would be nice."
Not going to happen. Not now. Not for another 30 years or more.
Afghanistan
Iraq.
Do I dare look at the expenses incurred for the latter? No. There is nothing I can do about it, and all it will do is fill me with rage.
And now, due to criminal lack of oversight (because regulation is BAD, Right?!),
THIS: http://news.bbc.co.uk/2/hi/business/7602992.stm [bbc.co.uk]
This administration has fucked us all for sure. Forget the Shuttle. Forget the ISS. Forget the Moon. Forget Mars. Forget space exploration. Forget inspiring kids to become engineers and scientists.
Forget dreaming at all, for we can no longer afford it. Our future has been pissed away in 8 years.
Welcome to total, complete, utter incompetent management by the Shrub and his apparatchiks.
The first words spoken by the next President after being sworn in this January and looking at the real numbers: "What the fuck is this shit?"
--
BMO
Re:Source of leak? (Score:1, Insightful)
OMFG! [brillig.com]
Re:And he's absolutely right (Score:4, Insightful)
I agree that Russia over-reacted to the Georgian problem, but its not a black-and-white situation there. It was not a blatant land-grab as some paint it.
Re:Source of leak? (Score:2, Insightful)
Would it have been more credible if it came from some Fox News announcer?
Yes, many times anonymity brings baseless information, but don't take it as a rule, especially in this world where even whistleblowing about your company for a good cause can ruin your life forever.
Re:And he's absolutely right (Score:4, Insightful)
Re:So let's stop faffing around (Score:1, Insightful)
Like it or not, there is more thought than appears to the Fannie and Freddie bail-out. Yes, there have been major screw-ups (probably much attributable to reality distortion and setting up the game so that huge profits are made in the short run...). But the bail-out at this point, given past events and monumental screw-ups have occurred, may not be one of them.
It is to try to help avoid a financial market crash and the economy from plunging farther and more quickly into the shitter.
Re:So let's stop faffing around (Score:2, Insightful)
Re:And he's absolutely right (Score:3, Insightful)
Re:So let's stop faffing around (Score:5, Insightful)
"It is to try to help avoid a financial market crash and the economy from plunging farther and more quickly into the shitter."
Oh, I know. I know too well. We had no choice.
Read my previous message.
This is the result of out-and-out fraud. However, while I live in a country where we have the highest per capita rate of imprisonment, the people responsible will never see the inside of a cell. Not even for a second. Trust me on this. We jail potsmokers instead.
--
BMO
Premature my ass (Score:5, Insightful)
Re:Source of leak? (Score:5, Insightful)
Only if the parties maligned actually deny the claims made by those sources.
This is a double edged sword. On the one hand, anonymous sources can help uncover serious abuses, i.e. Watergate. On the other, journalists can and do simply make stuff up and attribute it to these "sources". I recall the case of one American journalist, whose name(ironically) escapes me at the moment, who was caught extorting his victim. He was essentially threatening to publish stories that while they would be damaging to the victim, would not create any legal "liability" for his publication. I'm sure anonymous sources are abused in this way.
Personally, I think that given the low standing of journalism as a profession, anonymous sources are at this time completely without credibility. Nowadays, the default assumption that must be made about any journalist and news story is that they are a spin doctor spinning a story the way their employer pays them to. Under such high G-forces, the delicate anonymous sources collapse under their own weight.
Deregulation caused the crisis. (Score:5, Insightful)
When the banks wrote the mortgages and held them, they were less likely to give money to unqualified buyers. When they were allowed to repackage the debt and sell it to other corporations, to no one's surprise, everyone got greedy and started trading the debt.
I like certain libertarians ideals, but the fact is that regulation is to industry what police are to neighborhoods. If you take a cop off a beat, crime will go up. If you take your eyes off corporate shenanigans, they will go up. This has been obvious from the days of Enron. What we need is reasonable regulation with national standards, state enforcement, and some new laws against the revolving door between business and government. There should be a separation of business and state, for the sake of both.
Of course, you can always argue that the fact that there was regulation that was removed led to the crisis. But you'd be wrong.
Re:Source of leak? (Score:5, Insightful)
No. If it did... (Score:5, Insightful)
Anonymous sources must not only be paid attention to, they must be protected in a Democratic society. Thus the laws protecting whistle blowers, and so on.
Well, it's YOUR ass... (Score:5, Insightful)
Nevertheless, you don't throw away the only tool you have, even if it is expensive and unwieldly. Granted, we should have had a replacement for the shuttle a long time ago. But we don't, so that means we fly the shuttle until we do!!!
Re:Source of leak? (Score:3, Insightful)
How about stopping to make wars?
Oh no, then those poor bankers could not sell credits and drive us to slavery and our government into obedience anymore... And there could actually be money spent on education and science (like, above 10% of the budget).
This of course can't be! Because then people would start to think, and kill those power-greedy bastards in an instant.
Re:Source of leak? (Score:5, Insightful)
Yeah, it's like defending free speech and having to stick up for Nazis and pedophiles. It's still a worthy cause in the abstract, but the specifics can take some of the wind out of your sails.
It shouldn't. Nobody wants to censor talk about mom and apple pie. The right of free speech only matters when it comes down to speech that somebody finds offensive. If you aren't willing to defend the freedom to speak about stuff you find offensive, then you didn't ever really believe in free speech to begin with.
Re:Deregulation caused the crisis. (Score:5, Insightful)
Re:Deregulation caused the crisis. (Score:5, Insightful)
Of course, you can always argue that the fact that there was regulation that was removed led to the crisis. But you'd be wrong.
Or you could argue that the problem is the return of regulation just in time to socialize the losses. The money that was lost due to piss-poor loan underwriting ought to come from those who took the risk of investing in piss-poor underwriting.
Instead, just in the nick of time, our tax dollars jump in to save the day for the people who unwisely chose to invest in piss-poor underwriting.
This whole idea of "too large to let fail" is the unholy love-child of pro-business 'conservatives' and pro-command-and-control 'liberals.' Its like they took the worst characteristics of each group and decide that those were the ideals by which to run our current government.
Re:And he's absolutely right (Score:5, Insightful)
Well, what Russia did is small potatoes compared to what America's foreign policy has been for quite some time. They have attacked a country without provocation and have been occupying it for the past 5 years.
I think if the US set the example returning to a non-interventionist foreign policy and eliminating all barriers to trade it would export democracy and freedom much more effectively than the armed forces and the CIA ever did.
Re:We might not sabotage the ISS... (Score:3, Insightful)
Only in a movie so bad that it makes a group of half decent actors look like incompetant idiots.
Re:My problem with the article (Score:3, Insightful)
I'm not particularly happy about the forthcoming gap in US manned launch capability, but your post really seems to come out of left field. It also jumps all over, from space based resources to tank destroying weapons to spying.
But what really threw me was the mention of Toynbee Tiles. You suggest that it would "behoove" me to find out about them. So I did. Behoove would suggest that it is of no small importance to learn more, but...
How is this relevant at all? The tiles are certainly interesting, but only from an artistic and "huh, that's odd" angle. Going from a space flight capability gap of about 5 years to resurrecting life on one of Jupiter's moons (Europa, I suppose) is one enormous leap to make.
You are likely preaching to the choir when it comes to putting people and things into space and space exploration in general. But trying to "strengthen" your argument with a serious mention of Toynbee Tiles makes it all seem a bit, well, nutty.
Re:Deregulation caused the crisis. (Score:3, Insightful)
"If you take your eyes off corporate shenanigans, they will go up. This has been obvious from the days of Enron."
No, it's been obvious since the days of Teapot Dome, if not earlier. The corporation has been crooked since the invention of the corporation. The manner in which a corporation is legally required to be run can be mapped 1:1 with the way a sociopath behaves.
Re:So let's stop faffing around (Score:5, Insightful)
Well, some American companies are certainly making money off of the whole thing. It's just that the money isn't coming from where you think it is. Let me clarify. This isn't a war where the USA is looting Iraq (they've done a lot to that country, but looting isn't part of it). This is a war where one segment of the USA (the military industrial complex) is effectively looting the rest of the USA. And their government seems to take turns being too oblivious, evil, or simply too incompetent to do anything about it.
Re:Deregulation caused the crisis. (Score:5, Insightful)
I think the problem was not that we bailed them out, but that we bailed BOTH of them out.
It would have been an object lesson had the feds let one of the two fail completely, with all of the reprecussions, and saved the other.
Instead of letting people see how bad it could have gotten, and let the unlucky lenders who couldn't get their repackaged debt bought by the surviving company fail, we're going to have a long and painful slide as everyone waits for the next shoe to drop.
There will be more banking failures, but my fear is by then there won't be any free capital left in the US to reinvest and reinvigorate when the whole process winds up - we'll have used it all up waiting, just like the Japanese did after their banking/real estate disaster in the early 90's.
I'm wondering how much of this is due to people not wanting to face up to the fact that they're holding on to worthless paper (much as the Japanese refused to let companies go bankrupt), and how much of this is due to recent changes in the bankruptcy code, pushed forward, ironically, by the finance companies...
Re:My problem with the article (Score:4, Insightful)
I was very young but I think the thing went like this: Flight. Study of safer flight. Assessment of safety of various methods of flight. Cost assessments of various safe methods of flight. WAR. What were we talking about again? Oh, yeah. Civil rights. Drug war. Popular topics. TV. Moonwalk denial "reality TV". American Idol.
So who do you think will win the American Idol challenge this year?
Re:Source of leak? (Score:5, Insightful)
It shouldn't.
Why shouldn't it?
Nobody wants to censor talk about mom and apple pie. The right of free speech only matters when it comes down to speech that somebody finds offensive.
Right.
If you aren't willing to defend the freedom to speak about stuff you find offensive, then you didn't ever really believe in free speech to begin with.
Bullshit. Freedom of expression is just one universal human right, and like anything, when it its in competition with other universal rights a balance is struck that effectively curtails it.
The right to free expression conflicts with the right to be free from harm. If your expression is causing harm then perhaps your expression should be curtailed.
The fact that most people accept a limit to free speech doesn't mean they "don't really believe in it", rather it means that they aren't single minded idiots that can't hold two thoughts inside their head at the same time. It means they can see the conflict between the ideal of free expression and the ideal of avoiding harm and have struck a personal balance, such that the imperative of protecting free speech becomes progressively weaker as we become increasingly in conflict with the principle of avoiding harm.
In other words, at some stage up around advocating the raping of children most normal people find that DESPITE believing in free speech, they are uncomfortable with the harm they perceive it to be causing, particularly when they perceive that its PURPOSE is to cause harm and has no value beyond that, and perhaps they even perceive that they are being MANIPULATED into providing protection for that harm by the perpetrator... why should we be critical that their resolve to protect that instance of speech has significantly been diminished, perhaps even to the point that they elect to curtail it?
This is the action of a sane and rational person.
Re:So let's stop faffing around (Score:3, Insightful)
The first words spoken by the next President after being sworn in this January and looking at the real numbers: "What the fuck is this shit?"
Regardless of whether McCain or Obama is the name of our next Prez, I think there will be some pretty serious sicker shock when they start to get briefed about internal WH matters and become privy to the actual degree of incompetence, malfeasance, and fiscal irresponsibility that awaits them. It makes me think of JFK's half-joking, half-serious response when an interviewer asked him early in his presidency what surprised him most about the job. "I think what surprised me the most was finding out that things were as bad, if not worse, than we had been saying that they were."
VentureStar (Score:4, Insightful)
Does anyone else still remember all the videos shown on Discovery Channel and the like on the Lockheed Martin "VentureStar"?
http://en.wikipedia.org/wiki/VentureStar [wikipedia.org]
http://en.wikipedia.org/wiki/Lockheed_Martin_X-33 [wikipedia.org]
I know they had some technological problems, but somehow I've always had the feeling that the project was canceled /way/ too soon!
I especially like the idea of the Aerospike engine:
http://en.wikipedia.org/wiki/Aerospike_engine [wikipedia.org]
But the moment they canceled that project, it was for me a given that they would run into problems with the Shuttle in the years 2010-2015-2020.
Lack of persistence, vision and looking ahead IMHO.
Comment removed (Score:3, Insightful)
We are LESS capable than we were. (Score:3, Insightful)
But, oddly enough, we're actually far less capable of doing things like building Apollo-scale systems than we were back in the seventies. Ya see, that's what happens when a country outsources all of its manufacturing for an entire generation. The manufacturing infrastructure gets torn out to make room for condos and nail salons.
Truth is, we're screwed, We simply don't have the industrial base to build that kind of thing anymore. Not to weld tanks that are big enough. Not to move cargos by rail through as many places. Not to even have the population of machinists and glassblowers and chemical plant technicians to populate the assembly systems.
Should this be a call to arms? Yet another reason to require that kids take industrial arts (as I had to) and that government agencies buy American-made-products? Yes. But for now, we're S.O.L.
Re:Safer? (Score:3, Insightful)
Yes. That's an unreserved YES! If they think it's got any chance of making orbit and they'll have me - I'll go!
And if you're too much of a Nancy to stand the risk, well, there's five billion more where you came from. Stay home. I'm sure whoever was picked from the thousands of volunteers will send you back pictures.
Fannie Mae Democrat Blame (Score:3, Insightful)
You can blame Bush as much as you want for the Fannie Mae debacle, but if you actually have been following the issue for twenty years, you would find in the Op Ed web pages of the Wall Streetn Journal a steady stream of Republican voices arguing that the finances of these two institutions are basically crap and have been that way for decades. Democrats have resisted any sort of legislative effort to bring reform to these two agencies. In fact, if you look at whose donating to whose campaign you could see that Wall Street overwhelming prefers Obama because they are look for the big handout to shareholders whereas Republicans are always more inclined to let companies simply fail.
allowing speech is hard (Score:5, Insightful)
Myself, I always default to believing that speech should be free unless it's completely clear that the damage caused by the speech cannot be counteracted with more free speech.
On a related note, I wish that no one was allowed to say anything on TV without first taking a legal oath that what they say is true under penalty of perjury. (And they would further be prevented from adding "I think" or any other prevarications to their talk.) The Republican party would essentially be barred from advertising in any way.
Nevertheless, would I ever want to disallow their hateful damaging lies by actually passing a law that made it illegal for them to spew their economy and world damaging nonsense?
No. And honestly, it's a LOT harder for me to say that than it is for me to stick up for neo nazis or other hate groups. That's because, unlike neo nazis, the Republicans are actually successful with their hate speech. Seriously, they actually have people convinced they are a party of small government. (biggest lie ever)
But, I still want it all protected.
Re:Source of leak? (Score:5, Insightful)
If your expression is causing harm then perhaps your expression should be curtailed.
But who gets to choose this? I think Madonna should be able to screw around with a crucifix on stage. If you are offended by this, join the club. If you think it "interferes with your natural rights", then you are way, way, too delicate.
Sorry, but unless someone is put in some kind of actual and direct danger, I don't support other people deciding what is and isn't acceptable speech... "Fire in a crowded theater" being the classic example.
In the example of advocating the raping of children... does anyone actually advocate this? I think you chose an example with a "think of the children" element so that people wouldn't disagree. That aside, what about a website advocating lowering the legal age of consent to, say, 17? How about 14? How about 9? Too young? Too old? Are you going to throw the book at the guy running the 9-year-old site but not the 14-year-old site? Why? Because you think one is "rape" but not the other? Who gets to decide? What about other cultures with different ages of consent? Are they rapists?
Conversely, let's say I put up a website advocating raising the age of consent to 21. Here I have a website intent on stripping millions of their legal rights... Isn't that harmful?
See the slippery slope?
Re:Source of leak? (Score:5, Insightful)
The right to free expression conflicts with the right to be free from harm. If your expression is causing harm then perhaps your expression should be curtailed.
No it does not, and to claim otherwise is to make a false analogy, just watch as you do it:
In other words, at some stage up around advocating the raping of children
You should rape children. GO! Do it now! You will really like it!
Harm is not caused by speech. Harm is caused by physical action. People like you who falsely claim to believe in freedom of expression are just conflating the two because, like all censorship, it is easier to identify and squelch speech about harmful actions than it is to identify and stop individuals who actually commit those actions and cause actual harm. You get the warm fuzzy of appearing to do something about a problem with high emotional content without all the cost of actually making a real difference.
By the way, bonus points for using "But think of the children!" as your example. I can't think of another meme that has been so widely abused to justify censorship [ala.org] with such little actual reduction in harm.
It's all over but the flushing (Score:2, Insightful)
And so we are witness to the start of the great liquidation sale of the US. It's been going on for years but now we see program after program get closed, slashed, reduced and buried. Is Rome burning yet?
Re:My problem with the article (Score:3, Insightful)
Dammit do we have to let the rest of the world own space? Did you hear? There's a lot more space in space than there is land on land. And more resources. There are entire moons made of hydrocarbons.
The thing is, once those people are out there they're not likely to be overly impressed with this idea that folks back on earth "own" their hydrocarbons. That sort of thing didn't work for us Brits and your colonist ancestors, and I wouldn't lay money on it working for the spacers and you.
The best you can hope for is that when they get there they'll still be friendly and let us go and visit from time to time. They'll be governing themselves in their own best interests, just like the rest of us.
Re:Source of leak? (Score:5, Insightful)
Err... Are you completely ignoring emotional harm
"Emotional harm" is not a sufficient justification to infringe on free speech. Grow a spine and realize that your "right" not to be offended doesn't trump my right to speak my mind. If you don't like what I'm saying then start shouting an opposing point of view or walk away. Don't whine about "emotional harm" and try to censor me.
and mental health
If your mental health is so unstable that you can't handle listening to free speech then you probably shouldn't be leaving your house. What was that old adage about sticks and stones?
Re:So let's stop faffing around (Score:3, Insightful)
This is one reason why I think that our next President will be a one term President. He's either going to have to make hard choices that wind up being unpopular (thus causing him to lose his reelection bid), or he won't make the hard choices and will conduct business as usual as things get worse (thus causing unpopularity and a losing reelection bid). I honestly feel sorry for whomever has to try to clean up this mess. It's not going to be easy and there will be political minefields all over the place.
Re:allowing speech is hard (Score:5, Insightful)
No. And honestly, it's a LOT harder for me to say that than it is for me to stick up for neo nazis or other hate groups. That's because, unlike neo nazis, the Republicans are actually successful with their hate speech. Seriously, they actually have people convinced they are a party of small government. (biggest lie ever)
You know, I keep hearing that Republicans make up the party of hatred, and then I see all the hate being spewed toward Bush, McCain, and now especially Palin. I think a look into the mirror is needed here.
On the other off-topic topic of free speech, no one seemed bothered that a bunch of "women" in pink tried to prevent McCain from using his free speech rights. I'm reminded of the Code Pink groups of the 1930's. Only instead of Pink, they wore BROWNSHIRTS.
Forgive the OT-ness.
Re:My problem with the article (Score:3, Insightful)
The shuttle was supposed to be retired in... what? 1988? The damned thing was built when freakin' Jimmy Carter was president! If we don't retire the damned things we won't HAVE to worry about retiring them,because they will blow up and take the crews with them. Hell,if we are that damned desperate and need something to fill the gaps why don't we whip off another couple of the old Apollo designs. Surely it shouldn't be hard with today's tech to whip off a 40 year old design,and those "tin can on a tube" would be a lot safer than trying to send up Jimmy Carter era junk that was supposed to be retired while Reagan was president. But as always this is my 02c,YMMV
So let me get this straight:
You want to retire equipment from the Carter era and replace it with equipment from the Kennedy-Johnson era?
Re:We are LESS capable than we were. (Score:3, Insightful)
Truth is, we're screwed
Oh please.... they said the same thing in the 50s when the Soviets launched sputnik. They were so far advanced we'd never catch up, their educational system was so much better we'd be slipping further and further behind, they had more resources, blah, blah, blah. How'd that work out again?
The truth is that when you look at the rest of the World most of it has problems at least equal to or even greater than our own. China has a growing demographic imbalance (because of one child and a preference for male babies) unprecedented in human history. They have hundreds of millions of rural poor that they still need to bring out of poverty. Europe and Russia are both losing population (births below the replacement rate). Europe is making do with immigration but is starting to see cultural blowback -- Russia has no real plan to deal with the problem. Japan is soon going to resemble Florida on crack -- lots of elderly people sucking up benefits but not contributing much to society -- and they don't know how they are going to handle it.
By many of those metrics the United States is actually in a good position. We have our own problems (lack of investment in infrastructure, lack of investment in primary education, no personal savings.... just to name a few) but most of them pale in comparison to what I mentioned above.
Should this be a call to arms?
We need a call to arms. 9/11 should have been that call but GWB and his cronies told us to go shopping. I think that's the thing I have the hardest time forgiving them for. Here's hoping for another sputnik type event from Russia or China that shakes us out of our complacency.
We clearly have our work cut out for us but I don't think we are "screwed" by any means.
Re:Source of leak? (Score:5, Insightful)
I'd suggest that you spend a few days walking around calling every woman you see "cum dumpster" (to her face) including your time at work
If I did that at work I'd be fired. Free speech != freedom from the consequences of that speech. Saying it elsewhere would probably get me slapped -- which I suppose would technically be assault but I'd deserve it (again, free speech != freedom from the consequences)
Do you actually think it should be illegal to walk up to a woman and call her a cum dumpster?
Re:Deregulation caused the crisis. (Score:4, Insightful)
And then the idiots who took out loans they couldn't afford file for bankruptcy, and the banks that stupidly lent them that money go out of business. That is not a problem -- it's the market fixing itself.
All these bailouts do is screw over me, as both a taxpayer and a person who otherwise* would be able to afford to buy a house!
(*I'm a college student, so I would actually be a good candidate for one of these ARMs: by the time it adjusted, I'd have graduated and be making enough money to pay for it. But nooo -- first there was the housing bubble and everything was way too expensive, and now that the market has corrected all the loans have dried up -- the irresponsible dumbasses ruined it for everybody else!)
Re:Fannie Mae Democrat Blame (Score:3, Insightful)
Far be it from me to question the impartiality and objectivity of the Journal's OpEd (web) pages, but this is basically bollocks.
You can see the same in Financial Times as well, and they have hardly been supportive of the Bush administration. Yes, yeah and verily, Dems put up the shields for sloppy accounting at Fannie Mae and Freddie Mac. It goes all the way back to when Raines was in there.
What Democrats have been resisting is efforts to deregulate Mae/Mac even more. Given how well deregulating the rest of the mortgage market has worked, they seem to be right in doing so.
Actually, nobody has actually been calling to deregulate Fannie Mae more. In general, Republicans have been calling for Fannie Mae to have the same liquidity, capital and reporting requirements that private banks must have.
Paulson is right, though. Mae/Mac should either be 100% public or 100% private. Any quasi-public scheme where the stockholders reap all the profits while the taxpayers assume all the risk is going to end badly for the latter.
I agree with you completely.
Re:Source of leak? (Score:2, Insightful)
Re:So let's stop faffing around (Score:3, Insightful)
But wait...I remember something else happened in 1929...what was it? Hmmm...Oh yeah! Americans got a good look at where that social dawanist philosophy actually leads, and rejected the Republicans for the next 30 years. OMFG! This is an emergency!
Re:We are LESS capable than we were. (Score:4, Insightful)
You do realise that the US is still the world's biggest manufacturer? China may make all the simple cheap plastic shit, but you really underestimate how many high-tech planes, automobiles and weapons are manufactured in the US. I don't see China making dreamliners or F22s.
Re:Deregulation caused the crisis. (Score:3, Insightful)
Yes, but the bond holders (mainly China) are being taken care of.
Of course, the losses are getting "socialized" one way or the other, if you count "socialized" as meaning "borne by nearly everybody (say 95%) in society". If you count "socialized" as "borne by everybody (say 99.9%) in society" then that's still up for grabs.
What has become increasingly clear over the last few years is that the major structural impact of globalization on the US economy amounts to this: manufacturing has been moved to China; US consumption of goods whose production has moved to China is propped up by home equity; home equity is propped up by Chinese investment; and Chinese investment is funded by imports to the US of goods we used to make for ourselves.
The good news is that nobody can escape this interdependency without a great deal of pain. Getting off the merry go round may be more painful for us than it is for China, but it'll be plenty painful for China. The bad news is that our role in this picture is to accumulate debt. I think the ancestor post has it right: say goodbye to long term projects with distant economic benefits. Say hello to running like hell to stay in the same place.
Years ago, left leaning politicians called this a vision of the economy in which "everybody took out everybody else's trash." This was, of course, a gross exaggeration. Services have real value. The problem is that we've been using debt to exaggerate the productivity of our economy, and if we lived within the means of our true productivity, we'd feel a lot poorer in the short term.
The secondary mortgage market is not in isolation the death of our space ambitions. Globalization per se is not isolation the death of our space ambitions. Dependency on foreign energy is not in isolation the death of our space ambitions. It's just tying them all together in a way that makes us feel richer and more productive than we really are that leaves us little margin for investing in our future.
Re:My problem with the article (Score:3, Insightful)
... they are openly trying to suggest mankind is mostly a bunch of morons.
Um... I hate to break it to you, but mankind IS mostly a bunch of morons. :-) ...However, as you imply, there is a very small percentage of mankind that are the great minds that have put us where we are today.
They may be burning their ships (Score:3, Insightful)
When Hernando Cortez arrived in Mexico, he ordered his ships to be burned. As there was no turning back, no options left open other than to proceed ahead, his men were incredibly well motivated.
I'm going to propose that having the shuttle program intact is possibly the biggest hindrance to advancement. As long as it is there, any viable alternatives are so easily canceled by Congress whenever they need an influx of cash by cutting NASA's budget, just as they've done dozens of times before over the last couple of decades.
However, with the Shuttle program completely disassembled, their ships burned as it were, and the embarrassment that would be seen that the United States has no viable space program while China and India are out doing spacewalks, Congress will be well motivated to make sure that NASA has all the funding they need. While it could just be the romantic in me, or simply wishful thinking, this provision might perhaps bring in a golden age of space that we've not seen since the race to the moon with the Russians in 1969.
Re:Deregulation caused the crisis. (Score:3, Insightful)
I think the problem was not that we bailed them out, but that we bailed BOTH of them out.
Right, just like to teach a drunk driver a lesson we shouldn't save both his legs after a car crash, just one of them, and let the other one rot.
That's not the way the human body works, and it's not the way the economy works either. All parts are connected to the whole, and if one limb is affected it will soon affect the whole body.
That's why what started as a credit crisis became a mortgage crisis, and now an economic crisis.
BOTH legs (Fannie AND Freddie) had to be saved, otherwise the economy wouldn't be able to effectively recover (let's hope that's what happens).
Re:Source of leak? (Score:3, Insightful)
"Emotional harm" is not a sufficient justification to infringe on free speech. Grow a spine and realize that your "right" not to be offended doesn't trump my right to speak my mind. If you don't like what I'm saying then start shouting an opposing point of view or walk away. Don't whine about "emotional harm" and try to censor me.
I'm sure you wouldn't mind if I followed you around, taunting you, calling you at work, leaving threatening messages, drawing pictures of your family getting murdered and raped and leaving them where you can see them, issuing anonymous police reports that I saw child porn on your laptop. Following your 6 year old daughter around telling her I'm going to kill her mommy and daddy, and putting bestial and necrotic pornography with your head photo shopped onto the models on the side of my van parked on your street.
Grow a spine. If you and your family doesn't like it than start shouting an opposing point of view or walk away. I'll just shout louder though and I'll be here when you get back. And I won't stop.
If you don't like it, maybe you shouldn't leave your house.
Or maybe, just maybe, you should have the right to live in peace. You shouldn't have to spend your whole life locked up in your home, or shouting at the top of your lungs whenever you do go outside.
Censorship is bad. But using your freedom of speech to harass someone or some group is bad too.