New Photos of SpaceX's Falcon 9 Assembly

RobGoldsmith writes "New images are now available of SpaceX's Falcon 9 being assembled. The images are accompanied with a small update from SpaceX. If there are no unexpected delays, it's possible Falcon 9 will be completely integrated by the end of the year. This update shows real flight hardware and really brings the rocket alive. View images of the Falcon 9 nearing completion now!"

Comments

Re:The Power of Capitalism

[jcr]

Yes, in a way it did come from the government -- it's called deregulation.

I see that you're swallowing the party line. The fact of the matter is, regulations grew just as much under Bush as under any president before him. The key factor to this bubble was the unlimited credit that the Federal Reserve issued, and the Fed is a government-established monopoly. The lesson here is that central planning is a recipe for disaster, whether it's the Soviet bureaucracy setting grain quotas and prices, or the Federal Reserve setting interest rates for fiat currency.

-jcr

Quite the opposite

[mangu]

Since the bad boys in the banks didn't have Big Brother looking over their shoulder, they were free to do very risky things -- bordering on outright fraud -- with other people's money.

No, the current crisis wasn't created by deregulation, it was created by regulation that prohibited banks from denying credit to people based on the neighborhood where they live. That's what the "sub-prime" market is all about, people who borrow money to buy houses without the means to pay their loans.

Re:The Power of Capitalism

[ScentCone]

The "power" of capitalism is what caused the current financial crisis, not teh evil government. Banking institutions collapsed after regulations were removed, not whilst they were in place.

You mean, when the congress (see Barney Frank's ranting assurances that Fannie and Freddie were no risk at all, and perfectly well capitalized, etc) - for entirely political reasons, essentially forces the capital market to make irrational loans to people who cannot possibly afford them, that's regulations being removed? Hardly. Those institutions would never had made those loans, or invested in them, without that heavy dose of wrong-headed government involvement in the market.