The chair is authorized to declare a recess at any t time i now recognize myself for an Opening Statement. Good morning todays hearing will focus on the f35 joint Strike Fighter a highly technical Stealth Fighter that is the pentagons largest and most costly acquisition programs in cf 35 Program Began more than 20 years ago the department of defense more than 350 billion onts Development Total cost to sustain the program is estimated at more than 1 trillion. Unfortunately this program is plagued by challenges including major problems with maintenance of the aircraft. This hearing will address the many, time and manpower the military is forceded to spend for spare parts from Lockheed Martin. Juneck 2019 the dod Inspector General found over a threeyear period more than 15000 spare parts for the f35 lacked dialogue that maintains Important Information of the spare parts. 2020 Committee Staff from the majority and minority visited multiple military bases and interviewed personnel who maint
I am pleased that it is one we can work in a bipartisan manner. I believe we all want a Strong Military and a strong private sector and a strong government that is wisely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased he is with us here today. Without objection the chair is authorized to declare a recess of the committee at any time and i now recognize myself for an Opening Statement. Good morning. Todays hearing will focus on the f35 joint strike fighter. A highly technical stuff fighter that the pentagon largest and most costly acquisition program. Since the 35 Program Began more than 20 years ago the department of defense has spent more than 350 billion on its development. Total cost to sustain the program are estimated at more than 1 trillion. Unfortunately, this expensive program has been plagued by challenges for years, including major problems with ma
Anybody want to sever any items . Yes, please. Item number 49. Anybody else want to sever . Seeing none did somebody Say Something . Madam clerk, go ahead and take role call on the remainder of the items. Items 5055. role call . Mr. Mar, did your audio go out . If thats the case, we should pause. Madam clerk, supervisor mar looks like he dropped off of the rotter anroster. Well pause for a moment and take his vote. pause . Supervisor mar just arrived back in the meeting. Continue the role call. Now. Aye. Ok. Then you were muted, madam clerk, but without objection, then, items these resolutions are adopted and everything passes. Lets go to item 49. Item 49 is a resolution to support California State Senate bill 939 authored by senator scott weiner and david chu to protect businesses and nonprofit organizations for evictions and permits, Small Businesses or restaurants that decline during the shelterin place. Supervisor stephanie. Today i have to make a motion to table this resolution af
You were just talking about times when its okay to sell if youve had gains on some of these big cap tech names. Yeah, im not advocating that this is a get out now moment, i just think that we have had such a good run, there was something that came out on the screen this morning that we are having the best quarter since the Fourth Quarter of 1999 and i just cant be, oh, well, so what, when was that that was a seminole top. Theres been some fantastic runs and i think that sometimes we forget why we own stocks we own stocks to create wealth there was a gentleman on just now, mr. Bailin and he said so many good points, he agrees with me on selling some of the ones that have really moved he would like to rotate into the stocks that havent moved yet. What i am saying is there is no sense for a lot of our investors who watch to rotate into something that hasnt moved when they can just sit and wait with some cash, which is cash has been so vilified and i think that i am not coming in early lik
Mar present. Peskin present. Preston well return. Ronen present. Safai. Stefani present. Walton present. Yee present. Haney present. Safai okay. I received a message that supervisor preston is having trouble signing in. So we will make a note of that, mr. President. And the minute on which he arrives. President yee thank you, madame clerk. Please place your right hand over your heart. Recite the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic, for which it stands, one nation, under god, indivisible, with liberty and justice for all. Thank you very much. On behalf of the board, i would like to acknowledge the staff at sfgovtv. Who records each of the meetings and make the transcripts available to the public online. Madame clerk, are there any communications . Yes, mr. President. The minutes reflect that due to the covid19 pandemic, members of the board of supervisors will participate remotely through Video Conference to the same