Corruption in Detail

Boeing has been a spiral Discovery of the dangers of Outsourcing as it attempts to put the new 787s on the Runway. They are planning to get 25 new 787s built next year, down from the 100 which they had originally scheduled. What is the Problem? Well, the assembly plant, new without experience, is staffed with new personnel–some with experience, some not. Only Someone experienced in translation of schematics to final product can understand this next difficulty; getting the necessary Parts to the assembly plant, thereafter testing each and every Part for assembly capability and Field Test for Part function in conjunction with other component Parts. I cannot be certain, but I imagine the 787 will be the last plane model designed without overall assembly supervision, especially if a whole range of Parts will face redesign.

Farmers have to expand their acreage, and Commodity prices have to reduce, though not in a Scenario where the Farmers’ Profits margins reduce. I, though, have real doubts that it will come with seamless outcome by any utilization of a Government program. Paying Farmers some $51 per acre stands ridiculous in the face of Food Riots in a quarter of the World. Fertilizer and Seed companies raising their average Price by 27 and 31% appears equally stupid; We must not forget the Truckers, and their vast increase in fuel Costs. The Whole appears sincerely idiotic in an environment where Everyone claims there is Recessionary conditions, though no one has yet spotted any contraction of the Numbers–in nominal or real terms. I might suggest We need clear and defined Government policy, with unity at the Top; rather than Special Interest Logrolling of industry advantage. By the way, I think the Government should restrict itself to being a Commodity buyer in the markets, Buying and Selling to stabilize all Product prices; do I sound like a Communist?

Here is the classic completion of my primary thesis for the Day, as the responsible and responsive Federal medium to save the Private Sector at risk, stands at the door of insolvency itself. I await the Federal Reserve announcing failure to meet its immediate commitments because of Accounting issues; do not think the later is so far-fetched, as Inside information at the Fed state that many Accounts at the Fed have errors which documentation cannot resolve. Printing money is not perfect, when you cannot keep track of how the printed money is transferred, either in the physical world, or as smelly little Electrons. The modern world has brought Relief for the Shredder, by venue of the Delete button. I smell a Revelation that some 2000 Accounting records are apparent only to the Ozone, another potential legacy of the long Bush administrations and their Oversight potential. lgl