The US Economy

…is not doing fine:

Earlier this year, the Obama White House predicted the economy would grow 3% in 2012. Today’s GDP report shows that ain’t going to happen. The Commerce Department said the economy grew at an anemic 1.5% annual rate from April through June, after a revised 2.0% in the first quarter. It now seems likely the economy will be lucky to grow at 2% for the entire year. And that’s after growing just 1.8% last year.

Check out the comparison between the Reagan recovery and the Obama “recovery.”

At this point, I think it’s fair to say that Obama built that.

Sequestration Impacts On NASA

I missed the talk, but at the conference yesterday morning, NASA’s chief of staff, apparently said not to worry about it:

“If you talk to the leadership in the administration or Congress, most people believe it’s not going to happen,” said NASA chief of staff David Radzanowski in response to a question on the subject after his keynote address at the NewSpace 2012 Conference in Santa Clara, California, Thursday morning. “They’re confident because the alternative is not good policy.”

Phew. Well that’s a relief. Because as we all know, nothing ever happens in Washington that results in bad policy.

“You Didn’t Build That”

The policy consequences.

As Glenn says:

The key policy implication is that if he can convince enough people that you didn’t earn your success, he’ll face less opposition when he tries to take the fruits of your success for himself. And that’s what this whole “you didn’t build it” thing is about. I’m not taking your property away — it was really mine all along!

Yup.

On The Road Again

I’m driving up to San Jose this afternoon to attend NewSpace 2012, so blogging will be nonexistent until tonight, and perhaps light for the next few days.

[Thursday morning update]

Got in about 7:30 last night (I came up 101 rather than 5), and had dinner with a few folks. I’ll be heading over to the conference hotel in a few minutes (I’m staying down in San Jose). Not sure what the Internet situation will be there, but I’ll probably at least be able to tether to my phone. There’s supposed to be a big Armadillo announcement today (I’m guessing that it has to do with their planned flight into space in the next month or so).

Biting Commentary about Infinity…and Beyond!