Friday, July 31, 2015 -- Part III

 Updates

August 1, 2015: the wing has arrived at a French facility.  The linked story is dated August 1, 2015, but no time-stamp was placed.

Original Post

 

Is it just me or does it seem we are being slow-rolled on the investigation of that piece of wing found off Madagascar (Reunion Island), thought to be part of a Boeing 777? Only one Boeing 777 has ever been lost. This morning, a news story on the radio reported that the wing part is being flown to some military installation where it will be studied.

Call me naive, but you can't tell me that Boeing couldn't have had a team on the ground by now, and verified "yes/no" it was part of a Boeing 777?

This seems to be dragging out much longer than seems reasonable.

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Lost Decade

From AEIdeas: Lost Decade? The US is about to have its first 10-year period since World War II without at least one year of 3% growth. [Another reason, no doubt, the Obama administration decided a few months ago to revise the formula for calculating the nation's GDP.] This will be the legacy President Obama leaves us. 

If you read the Bloomberg article, which I doubt any will do, just remember that President Obama presided over the second lost decade. (The first lost decade, 1998 - 2008; the second lost decade, 2008 - present).

`This has been a uniquely slow period of growth that's delivered very little for low- and middle-income households,'' said Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities in Washington and former chief economist for Vice President Joe Biden. ``We need to grow faster and more equitably.'' 

The last time America expanded at 3 percent-plus for the year was 2005, according to Commerce data.  That means the nation is on track to miss such growth for an entire decade, a first in the post-World War II era. Why?

Notice the words that were not seen in the linked article: TrainWreck, ObamaCare, Keystone, wind energy, solar energy, Solyndra, trillion-dollar stimulus, Fed rate.

Notice the phrase in the linked article: " ... a uniquely slow period of growth." Unique = one.

And this phrase: "... that's delivered very little for low- and middle-income households." Very little? How about nothing?

At the same that story was being read, Reuters reported that GE may ship $10 billion in work overseas as U.S. trade bank languishes. Not much more needs to be said. 

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Native Americans Didn't Read The Act Either

NativeAmericans on the hook for big fine from US government for "avoiding" OabamaCare.

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American Pie, Don McLean