NASA Administrator Mike Griffin is frustrated, and who can blame him.
One of Griffin's faults is that he constantly seems surprised that we don't live in a rational world. His speeches argue the technical merits of his choices, and are often brilliantly concise and logical. He's probably the closest thing to a Vulcan NASA's ever seen. Unfortunately his emotionless style didn't convey how serious a threat the situation was becoming. Of course the US won't collapse just because we're not flying astronauts, but it will send a powerful message to our competitors and our enemies that the United States is not what it once was (as if they needed another example).
With yesterday's news of the Fannie Mae and Freddie Mac takeover, there's almost no chance of additional money going to NASA, so we'll either fly the Shuttle and hope it doesn't kill more of our finest, or just ride our The Gap and take our medicine.
It's going to be a bitter pill to swallow.