LightSquared has filed for bankruptcy

Another Obama tech wonder company dies: LightSquared has filed for bankruptcy.

From the beginning engineers were saying that LightSquared’s system would interfere with GPS. The only reason the company lasted as long as it did was because it had the political backing of the Obama administration. And the reason it had that backing is because the company’s CEO was a big supporter of Obama.

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Senator Bill Nelson (D-Florida) on Monday attacked the House version of NASA’s budget that required the agency to make a quick decision on its commercial manned launch company.

Senator Bill Nelson (D-Florida) on Monday attacked the House version of NASA’s budget that required the agency to make a quick decision on its commercial manned launch company.

Nelson faces a difficult election campaign from the right. Thus, I suspect he has realized that he is better off promoting free enterprise than local pork. It is unfortunate that the Republicans in the House haven’t yet realized this.

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