Category Archives: Business

Business, Economics, Political Commentary

Is It 1993 Again?

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…or 1938?

Democrats lost 80 seats in the 1938 election, after gaining seats in 1930, 1932, 1934 and 1936.

How did this happen? As Amity Shlaes notes in her history of the Depression, “The Forgotten Man,” Roosevelt believed less competition and high wages would heal the economy. Aided by Congress, he went about engineering those two things with a vengeance, trebling the size of the federal government in less than a decade.

At the time, such drastic action may have seemed warranted. Within three years of the 1929 crash, GDP had fallen nearly a third and a fourth of the U.S. work force was idle. Even so, the economy appeared to stabilize in 1934 and 1935, and in 1936, Democrats won landslides in both Congress and the presidency.

What happened next is a tale of overreach and hubris — one that holds lessons for today’s Democrats.

But they seem determined not to learn them. Because to do so would negate their entire world view.

Business, Economics, Political Commentary, Space

Scrap Ares I

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The editorial board at the Orlando Sentinel (Florida’s largest paper) weighs in:

If U.S. space-policy decisions were dictated based solely on spectacle, the Ares I would be a shoo-in as NASA’s next manned vehicle. Unfortunately for fans of the rocket, cost, design and timing also matter.

Problems with all three argue for scrapping Ares I and assigning commercial rockets the task of flying to the international space station in low-Earth orbit. That would allow the agency to concentrate on its pre-shuttle mission of cutting-edge exploration.

I think we’re reaching the point at which its supporters are trying to swim up Niagara Falls.

[Update a couple minutes later]

Mark Matthews over at the Sentinel has a story on the hearings discussing the future of the program.

This should shock no one:

“There are a few people in the administration who want to kill Ares I and put all the money in commercial and the [Augustine] report tends to endorse that type of scenario. I think that is absolutely wrong,” said Doc Horowitz, former astronaut and Constellation architect.

If I were him, I’d just shut up, and hope that the IG doesn’t decide to open a belated investigation into his revolving door between NASA and ATK.

And then there’s this little tidbit at the end:

…there are whispers that the administration is exploring plans outside options presented by the Augustine committee, although it is unclear as to what they could include.

I suppose they could include (e.g.) bringing in the Chinese. We could just put it on the tab with all the other things we borrow money from them to buy from them.

Business, Media Criticism, Political Commentary, Space

NGLLC Wrap Up

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Alan Boyle has updated his coverage of last week’s and weekend’s rocket festivities up in the desert. Stupid comments like this are somewhat dismaying, as usual:

Definitely not a million dollar subject to write about Alan. These amateur rockets look like something cobbled together from legos by crazy kids. Write about these amateurs when they do something significant like getting one of their Frankenstein rockets into space, or to the moon.

The real news was the awesome success Ares 1-X had yesterday, why no Cosmic Log article Alan? NASA showed us they are still the professional adult at the rocket launching party. What a beautiful sight it was to watch the Ares 1-X launch live on NASA tv. We need to give more money to NASA to get the Ares and Constellation programs rocking and rolling to the moon and Mars.

Go NASA!

Yes, go NASA, which has billions of taxpayer dollars to play with, with little accountability. But yeah, let’s give them even more money.

Whereas Armadillo and Masten are accountable to their shareholders, which is why they accomplish so much for so little money. So who are the “adults” at this party, again? Give either of these companies one one hundredth of what NASA spent on the Corndog flight, and see how far they get with it. I’d bet a lot higher than the Corndog flew. In fact, I suspect that Armadillo for one will be higher within a year, with their existing funds.

[Update a few minutes later]

Mike Massee has put up a nice photo gallery.

[Mid-morning update]

Speaking of Armadillo flying higher, they got to almost two thousand feet yesterday.

Business, Economics, Media Criticism, Political Commentary

When They Say “Do It For The Children”

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…they’re talking about themselves:

Those unentranced by the magic flute have an obligation to remember what happened; to keep the history books free of revisionism so that by shame and memory those pied pipers who led a generation astray can never return unchallenged to sound their witching tune again. But for the children already lost to the dark we can only wish that wherever they have gone, they’ve found what they were looking for.

It’s unlikely. What they’re looking for doesn’t exist, and never will.