Tag: bankruptcy

IG report: FBI screwed up on every single FISA warrant application it submitted

12:58 pm

So, why hasn’t Trump fired everybody there? A new inspector general review of 29 FBI FISA warrant applications has found that on every single application looked at, the FBI made numerous errors, often failing entirely in doing the most basic required documentation.

The [inspector general] review released Tuesday suggests that the FBI’s problems are widespread. “As a result of our audit work to date and as described below, we do not have confidence that the FBI has executed its Woods Procedures in compliance with FBI policy,” the [report] said in a memo to FBI Director Christopher Wray.

More information here, including the revelation that the FBI could not even find the files for four of these warrants. The IG suspects they might never have existed.

I repeat: Why has Trump so far not fired the entire upper management at the FBI involved in this work? Every single one of these bums should be out on the street, looking for work (though to be honest, the last place I’d want to see them working is as a stock person in a supermarket. They’d hoard and steal, and everyone else would starve.).

For example, the IG memo was submitted to Wray, who has been a top manager at the agency for years, and was directly involved in issuing most of these FISA warrants. Does anyone really expect him to fix this problem? He’s part of it.

Until Trump begins a real house-cleaning, I have no faith in his claim that he is “draining the swamp.” Instead, I see him as simply doing a little light dusting, just enough to make us peons not notice the thick piles of dirt buried under the rugs and beneath all the cushions and behind the books.

Also, this IG report provides further proof that Congress should not renew the FISA court law, when it comes up for renewal again in about two months. The entire law and all involved with it are corrupt, and routinely have abused the power it gave them.

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New York: Where politicians consider criminals their base and ordinary citizens their enemy

9:36 am

Like the Democrats running California, the reaction of the Democrats running New York to the Wuhan virus has nicely revealed who they consider their base, and who they consider their enemies:

The first story is one of several from New York. Even as the Democrats in charge have moved to place all citizens under house arrest, they also seem to think releasing criminals from jail (the perfect type of quarantine) is a good idea.

No one should harbor any doubts about where the Democrats loyalties lie. They are not really interested in saving lives. They are interested in stamping a jack boot on the face of every decent person. And they know that if their own efforts to impose martial law fail, they know that releasing a lot of violent criminals surely will help.

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Stratolaunch now wants to build a reuseable hypersonic vehicle

8:26 am

Capitalsm in space: Stratolaunch announced today that they are now planning to build a reusable hypersonic test vehicle to launch from their giant Roc airplane.

That vehicle, powered by a liquid-propellant rocket engine, will launch from the company’s aircraft and fly to speeds of Mach 5 to Mach 7 before gliding back to a runway landing. It will also be able to take off on its own from a runway under rocket power.

“The Stratolaunch Talon-A is a flexible, high-speed testbed built for offensive hypersonics, hypersonic defense and hypersonic R&D,” the company said in a fact sheet about the program. That document emphasizes the vehicle’s ability to provide “here-to-fore unobtainable measurement access to the hypersonic flight environment on a recurring basis.”

Forgive me if I remain skeptical. From memory I think this is about the fifth different design or concept for launch from Roc, with the previous proposals differing from this hypersonic test vehicle in that they were all intended to go to orbit. All were the same however in that they were trying to find a design that could be launched from Roc and also make engineering and economic sense. So far none has done so.

This new proposal is clearly aimed at garnering government research dollars. It also probably wants those dollars to pay for Talon-A’s development. In a sane world, the military would tell Stratolaunch to build and prove Talon-A’s capabilities first, before signing on.

When it comes to government spending, however, we however are no longer in a sane world.

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Pork galore in Senate-passed COVID-19 “stimulus” bill

4:16 pm

The so-called COVID-19 “stimulus” bill that the Senate passed yesterday is apparently stuffed with billions in hand-outs to friends and buddies of Congress and the Washington bureaucracy, all of which have nothing to do with helping the American public being bankrupted by the forced shutdowns imposed on them by government.

Go to the link for a full list, which includes money for the National Endowment for the Arts, the National Endowment for the Humanities, the Kennedy Center in DC, the Corporation for Public Broadcasting, the post office, NASA, and the Department of Education, to name only a few. It also includes a pay raise for Congress, money to sanctuary cities to allow them to continue to flout immigration laws (thereby making it harder to control the virus), and half a billion in foreign aid to Africa. The bill also will force unions on businesses who wish to take any government money.

There’s more of course. It will take a few days for decent people to dig through the entire document [pdf]. By that time however the House, under Democratic Party control, will have added more goodies, the Senate and Trump will have approved, and the bill will be law.

Three cheers for Congress!

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COVID-19 is NOT going to overwhelm our healthcare system

12:17 pm

As part of the panic that has been overwhelming the world because of COVID-19, one of the typical lies that is being spread is that the epidemic is going to overwhelm the world’s healthcare systems. This CNN article from yesterday, entitled “‘That’s when all hell broke loose’: Coronavirus patients start to overwhelm US hospitals”, is typical:

“We ended up getting our first positive patients — and that’s when all hell broke loose,” said one New York City doctor.

The doctor, who spoke to CNN on condition of anonymity out of concern for his job, described a hospital that was woefully unprepared for an influx of Covid-19 patients that started roughly two weeks ago — which has already stretched the hospital’s resources thin and led to severely ill patients outnumbering ventilators.

“We don’t have the machines, we don’t have the beds,” the doctor said.

“To think that we’re in New York City and this is happening,” he added. “It’s like a third-world country type of scenario. It’s mind-blowing.” [emphasis mine]

We’re all gonna die!

Not! To dispell these mainstream media lies, I am going to give my readers an example of what a real journalist does, in comparison to the brainless non-researchers at CNN (and elsewhere) who make believe they are journalists but instead play them, on television and cable each day, in order to push an anti-American and leftist agenda that is downright evil and destructive.

I’m going to do some real research, and provide it to my readers so that they can get some context and a deeper understanding of the fake Wuhan flu “pandemic.”
» Read more

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Details of the Wuhan virus Congressional pork bill

9:21 am

With the Democrats in Congress retreating from their effort to stuff the fake COVID-19 stimulus bill with many provisions irrelevant to the virus, including many that would have helped them steal elections, the basic features of the new $2 trillion bill are now becoming clear.

Not surprisingly, it is filled with wonderful payoffs to big and small business, as well as the voters, all of which our federal government cannot afford, and all of which are sadly desperately needed by the citizenry because of the very bad policies the government imposed on the nation because of the virus.

  • Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
  • Small Businesses: More than $350 billion to aid small businesses, including $10 billion in SBA grants of up to $10,000 for small business costs, and $17 billion for SBA to cover six months of payments for businesses with current SBA loans.
  • Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
  • Individuals: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.

The bill has a number of restrictions on these payments, which on their face make sense. The problem however is that so far the numbers of people sick from COVID-19 simply do not justify this spending.

No matter. Chicken Little has won again. Common sense no longer exists.

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Bezos’ Feb Amazon stock sale earned $3.4 billion, not $1.8 billion

12:04 pm

In early February Jeff Bezos sold of 3% of his Amazon stock, almost twice what had been reported at the time, earning him $3.4 billion not $1.8 billion.

This information is part of an overall sell-off in early February by the top executives of many U.S. companies, totaling $9.2 billion.

While Mr. Bezos’s sales accounted for more than a third of the 2020 sales, thousands of other insiders sold stock. More than 150 executives and officers individually sold at least $1 million worth of stock in February and March after having sold no stock in the previous 12 months, the Journal analysis found.

Wall Street executives also sold large dollar amounts, including Laurence Fink, CEO of BlackRock Inc., who sold $25 million of his company shares on Feb. 14, pre-empting potential losses of more than $9.3 million and Lance Uggla, CEO of IHS Markit Ltd., a data and analytics firm, who sold $47 million of his shares around Feb. 19. Those shares would have dropped in value by $19.2 million if Mr. Uggla had retained them. A spokesperson said the shares were sold under a preset plan.

These early February sell offs are in addition to the sudden sales of stock by four Senators, all conveniently timed to beat the crash that has since occurred.

If I was a cynic I would say they got inside information from their buddies in Congress and the state governments, telling them that the government was going to shut down the economy because of COVID-19, and you better sell.

If I was a fool I’d say that can’t be, these people are all upfront and honest, especially those in Congress. They would never work with the big stockholders on Wall Street to manipulate stocks so those stockholders could make a killing. Never!

Meanwhile, Bezos’ stock sale now gives him a total of $8.2 billion in cash from all his stock sales since 2017. While he has said this money was intended to support his space company Blue Origin, he has also said he wants to spend $10 billion on “climate change.”

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Power is what the COVID-19 government panic is really about

1:51 pm

While common sense, caution, and the human ability to adapt to fluctuating circumstances requires our society to react to the COVID-19 epidemic spreading across the globe, our additional ability to think coolly and rationally requires us to not allow our emotions to run wildly and out-of-control, taking actions that might feel good for a moment but do no good and maybe more harm in the long run.

It also requires to look closely at the actions of our lawmakers, whose motives are now commonly not driven by an interest in the country but by their own interests and an insatiable desire for power. Two stories this past weekend were quite revealing in this context.

First we have the incredible request by the Justice Department for new special powers so that it can supposedly react to the epidemic properly.
» Read more

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Justice Dept abandons Mueller indictments of Russian companies

2:42 pm

Earlier this week the Justice Dept quietly announced that it was dropping the indictments that the Robert Mueller Russian collusion investigation had made against several Russian-based companies.

Though I missed reporting this when it happened because of other events, it merits comment, even a few days late.

For one thing, when Mueller announced these indictments, I read them, and concluded that they were absurd, and nothing more than a political maneuver.

Mueller’s indictment is first and foremost a political document. If you read it, it is quite obvious that its purpose was not to bring these Russians to justice, but to imply that Russia was working with Trump to get him elected, even though a careful analysis of everything the Russians did shows that this is not the case.

Why do I say this? The indictment spends numerous pages describing in incredible detail every single pro-Trump action taken by these Russians, from organizing social media campaigns to anti-Clinton protests to pro-Trump rallies, while providing only one or two very short summaries of the anti-Trump actions they took, thus giving the impression if you do not read the indictment closely that they were essentially a Trump operation.

This however is false. Not only does the indictment lack any evidence of any links between the Russians and the Trump campaign, the details indicate strongly the non-partisan nature of the Russian strategy. While prior to the election it appears they favored Trump, once he was the candidate they shifted tactics to attack both him and Clinton. The goal was not so much to get Trump elected but to cause the most negative disruption to the American election process as possible. The indictment itself admits this, though almost as an aside.

People far more expert on this subject than I, such as Andrew McCarthy at the link above, had quickly come to the same conclusion. And McCarthy had predicted two years ago that the indictment would never fly if the Russian companies challenged it in court (something Mueller’s team clearly never expected). They did challenge it, resulting in some incredibly embarrassing moments in court for these Democratic Party hacks.

I think this story is only one example of the corrupt nature of Mueller’s Russian investigation. It was a political action against a duly and legally elected president, through and through, created by those in DC who did not like the result, and wished to overturn it illegally, by any means necessary.

Or to put it bluntly, it was an attempted political coup.

People in that operation should be the ones indicted, and convicted. I wait with great pessimism whether the investigations by Trump’s attorney general will result in such indictments. They should, but I have little faith they will. In Washington DC we now have two sets of rules.The little people must obey all laws, or they will be severely punished. Those in Washington however are exempt from any prosecution, and can do as they please.

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NASA considering shutting down Curiosity in 2021

8:54 am

Even as the space agency is about to launch a new rover to Mars, it is considering cutting operations for the rover Curiosity as well as considering shutting down its operation as soon as 2021.

Other ongoing missions are threatened by the administration’s fiscal year 2021 budget proposal. “The FY21 budget that the president just recently submitted overall is extremely favorable for the Mars program, but available funding for extended mission longevity is limited,” [said Jim Watzin, director of NASA’s Mars exploration program].

That request would effectively end operations of the Mars Odyssey orbiter, launched in 2001, and reduce the budget for Curiosity from $51.1 million in 2019 to $40 million in 2021, with no funding projected for that rover mission beyond 2021.

The penny-wise-pound-foolish nature of such a decision is breath-taking. Rather than continue, for relatively little cost, running a rover already in place on Mars, the agency will shut it down. And why? So they can initiate other Mars missions costing millions several times more money.

Some of the proposed cuts, such as ending the U.S. funding for Europe’s Mars Express orbiter, make sense. That orbiter has accomplished relatively little, and Europe should be paying for it anyway.

These decisions were announced during a live-stream NASA townhall that was originally to have occurred live at the cancelled Lunar & Planetary Science conference. I suspect its real goal is to garner support for more funding so that the agency will not only get funds for the new missions, it will be able to fund the functioning old ones as well.

Sadly, there would be plenty of money for NASA’s well-run planetary program if our Congress and NASA would stop wasting money on failed projects like Artemis.

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NASA shuts down all in-house work, suspending SLS/Orion testing

8:38 am

In its panicky response to COVID-19, NASA is now requiring all workers to work from home, forcing the agency to suspend all in-house testing of SLS and Orion hardware.

NASA will temporarily suspend production and testing of Space Launch System and Orion hardware. The NASA and contractors teams will complete an orderly shutdown that puts all hardware in a safe condition until work can resume. Once this is complete, personnel allowed onsite will be limited to those needed to protect life and critical infrastructure.

We realize there will be impacts to NASA missions, but as our teams work to analyze the full picture and reduce risks we understand that our top priority is the health and safety of the NASA workforce.

This guarantees further delays to the first Artemis unmanned launch sometime in 2021. It also is par for the course for NASA’s entire effort to build this rocket. In just the past two weeks three different blistering inspector general reports have blasted different components of this project at NASA (overall management, construction of the launch systems, and development of software), proving that out-of-control cost overruns and endless delays in building SLS and Orion have been systemic throughout the agency.

Now they have shut down testing, even though the Wuhan virus is probably going to end up no more dangerous than the flu (now that treatment options exist).

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NASA’s inspector general finds more budget overruns at Artemis

9:49 am

A new report [pdf] released today from NASA’s inspector general has found more budget overruns and managerial issues relating to developing the ground software required by both Orion and SLS.

There are two software components involved, called SCCS and GFAS for brevity. This report focuses on the latter. A previous report found that “SCCS had significantly exceeded its initial cost and schedule estimates with development costs increasing approximately 77 percent and release of a fully operational version of the software slipping 14 months.” According to that previous report [pdf], that increase went from $117 million to $207 million.

As for GFAS:

Overall, as of October 2019 GFAS development has cost $51 million, about $14 million more than originally planned.

This report, as well as yesterday’s, are quite damning to the previous management of NASA’s manned program under Bill Gerstenmaier. It appears they could not get anything done on time and even close to their budget.

It also appears to me that the Trump administration has removed the reins from its inspector general offices. During the Obama administration I noticed a strong reticence in IG reports to criticize government operations. Problems as outlined in both yesterday’s and today’s reports would have been couched gently, to obscure how bad they were. Now the reports are more blunt, and are more clearly written.

Also, this sudden stream of releases outlining the problems in Artemis might be part of the Trump administration’s effort to shift from this government program to using private commercial companies. To do this however the administration needs Congressional support, which up to now has strongly favored funding SLS and Orion. Having these reports will strengthen the administration’s hand should it propose eliminating these programs, as it is now beginning to do with Gateway.

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