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Dan Bubalo’s Warning: Please don’t stick your fingers in the light socket

One of Bill Cosby’s earliest comedy albums had a riff on absolute bits of knowledge that even slow kids in his neighborhood were capable of learning, one of which was “ don’t put a bullet in the furnace, or it will explode.”   It’s probably fair to add to that list the likes of don’t play with knives, touch a hot stove, or micturate on an electric fence.   The point, of course, is why do something you know empirically to be dangerous or harmful?

It’s a certainty that Barack O. Robber Baron chaps a bit when members of his staatspolozei report bumper sticker snickers such as:  If you think health care is expensive now, wait until it’s FREE.  That poignant little turn of the phrase might just as well apply to the French for if they thought austerity was irritating, wait until Francois Hollande and his socialist cretines take hold.  Soon Parisians will be sitting in near-empty bistros, forced to share a café au lait, and yearning for the good old days of World War II.
My mother was of French ancestry although our family never thought to call ourselves French Americans because we overcame that supposedly insurmountable hurdle called assimilation a bit faster than those whom cling to labels for the purpose of unearned privilege or remain in search of the eternally elusive free lunch.  Regardless, it remains a bewilderment of unthinkable dimensions to learn that France believes a solution rests with a hard left into the netherworld of socialism.  Clearly, the once fine wine has been replaced with spiked Kool Aid.


Margaret Thatcher’s famous quote from 1976 about Britain’s Labour Party has been condensed over the decades but paraphrasing her observation does not come at the expense of its integrity:  “The problem with Socialism is that sooner or later you run out of other people’s money.”  It strains credulity in the year 2012 that politicians on either side of the pond believe economic austerity to be a more difficult path to follow than what inevitably will be produced—-or not produced—–in the rigged and rigid economy of a socio-communistic state.  Cycles are inevitable components of a free economy, but jumping back on the price-fixed-and-rationed merry go round of socialism is such obtuse thinking it defies the loosest interpretation of common sense.  The irony is that at a time when Germany has extended a financial olive branch to save them, France is rejecting the aide quicker than they tossed their guns in the air when Nazi tanks rolled through Paris in June of 1940.

Federal Express and UPS are money making machines and operate in diametric opposition to the union lard that clogs the arteries of the US Postal Service, which just announced it loses $25 million per day and needs another $35 Billion cash infusion, and is symbolic of the arrogance of government with respect to taxpayer’s money.    Congress has robbed Social Security, pillaged Medicare, bankrupted Fannie and Freddie, cannot control spending, is incapable of balancing a budget,  tiptoes around Hussein Obama as if he were a demigod, and has less credibility than the IOU’s Harry and Lloyd placed in the briefcase in the movie Dumb and Dumber.   Obama’s health care debacle doesn’t need the Supreme Court to rule on its unconstitutionality.  It should be repealed based on a history of gross fiscal incompetence and mismanagement, and those who voted in favor of this sludge should be publicly drawn and quartered.

The ugly reality is that we have a president steeped in the teachings of communism and radical Islam with a preoccupation and obsession that rationalizes unjust usurpation of productivity, believing it somehow belongs to him to in order to create a complete reliance on government, which is not unlike a drug dealer who realizes what he gives away initially will eventually grant him ultimate power in the form of dependency.

Another ugly reality is that John Boehner is the Silent Mouse and hardly befitting of the position of Speaker of the House.  There is ineffectual, there is ineptness, there is invisible, and then there is John Boehner.  He is a lame excuse for a party leader, more acquiescing and timid than a court jester trying to amuse a fussy king, and a man who could not snare a headline if he were to drop his trousers in front of a joint session of Congress.  If I may:  “Mr. Mouse.  The attack on personal liberties runs in tandem to the war on terror.  It is time for you to realize one leads from the front, and that licking the boots of a would-be emperor is not your legislative prerogative.  Stop acting like you’re auditioning to become the next ambassador to Greece and grab hold of the scepter to which you were entrusted.  PS  Give my best to Minnie.”

Imitation is the highest form of flattery and is often inspired by competition.  The natural impetus to improve, refine, and succeed is a hallmark of large and small companies across the country and what differentiates our free enterprise system from the state-run and unimaginative mills of lesser developed countries, and, yes I am including the ninniehammers in Europe in that bundle.  It is clear that most people in Congress could not pass the economic and history sections in a PSAT exam which is why they persist in using a machete to plunder corporate gains.  We have little choice but to grudgingly identify their substantial lack of mental and moral capacity, but what compounds and confounds the issue is why they shield their eyes from the colossal failure of Europe’s antiquated approach to government and commerce when it now lays at their feet like the ruins of an imploded building.  There still is time and there remain measures which will allow for a reversal of field, and it does not mean austerity for Americans.

It means austerity for government, and for them to quit sticking their fingers into light sockets.

 

 

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About Dan Bubalo

Daniel J. Bubalo was hired by the venerable firm of Kidder Peabody in 1978, before becoming a shareholder and partner with Drexel Burnham Lambert in 1984. He ultimately bought his own brokerage firm and steered it successfully through the market crash of 1987 before starting a venture capital and advisory company in the early 1990's. He has been a broker, manager, owner, trader, financier, and advisor on mergers and acquisitions, and throughout his career has opined regularly about the intractable nature of government and its inextricable hold and influence on financial markets. A securities violation landed him in federal prison from 1999 to 2003 which served to only sharpen his observations, watching in dismay at the dissolution of the Glass-Steagall Act, the 2001 dot.com bubble burst without so much as an investigation or arrest, and has since lectured between 2005 and 2011 at the Neeley School of Business at Texas Christian University on government intervention and ethics, as well as being presciently critical about Sarbanes-Oxley and Dodd-Frank. Dan can be contacted at dan@mychal-massie.com

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28 Responses to Dan Bubalo’s Warning: Please don’t stick your fingers in the light socket

  1. Linsey October 17, 2012 at 3:43 am #

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  2. dan bubalo May 14, 2012 at 9:40 pm #

    Marilyn,

    Bartender Boehner is a success in the old sense of the Peter Principle, which is why I dodged the nickname you gave him.

    Regardless………….he’s arguably as overmatched for his position as the man whose boots he shines. I just don’t remember in my lifetime the positions of speaker and president as OJT slots.

    • Mychal May 22, 2012 at 2:20 am #

      dan bubalo: boehner isn’t to inept to work behind the scenes to sabotage the work being done on fast and furious…

  3. Marilyn May 14, 2012 at 9:25 pm #

    Thanks Dan. Great Article! You made me dig out my dictionary! Regarding ‘Boner’: “Once a bartender, always a bartender.” Bartenders listen to all kinds of stories and must agree with everyone. That’s their job. To do otherwise, bar brawls start…’Boner’ doesn’t want to offend “The Customer.” He might lose his job or something else.

  4. PWest May 14, 2012 at 9:08 pm #

    Mychal, I am a newcomer to your Daily Rant. Loved this commentary. I am concerned that our only conservative News Station (FOX) is now becoming like a panderer to the left. Where are we going to get honest reporting? It concerns me for the sake of the future of our freedom,andthat of my children and grandchildren.

  5. dan bubalo May 14, 2012 at 6:20 pm #

    DLB,

    Glad you get the vibe. If I couldn’t make a few sarcastic remarks about the tragedy playing out I’d be looking for an ice pick to insert in my ear.

  6. dan bubalo May 14, 2012 at 6:17 pm #

    Excellent point on the Mayflower Compact, Gunnery Sergeant McClain, as well as quite a few others.

    Thanks.

  7. dan bubalo May 14, 2012 at 6:16 pm #

    Great recall on the hypocrisy of the IMF, Caveman.

    Your marker is always good with me.

  8. dan bubalo May 14, 2012 at 6:14 pm #

    The wealthy of France are inadvertantly contributing to the economy, Lolo, but in another country.

    Apparently there’s a stampede going on right now to buy up land and property in Great Britain

  9. dan bubalo May 14, 2012 at 6:12 pm #

    Chris and Stephen Rahal,

    You both said it well with slightly different words. Those elected happen to work for US and not the other way around.

    Nobody gets to lecture their boss, so when did these public servants decide it was their charter to talk down to the electorate like we all children being admonished to eat our vegetables?

  10. dan bubalo May 14, 2012 at 6:08 pm #

    Thom’s Thumb,

    Arguably the most important voting day awaits us in triplicate: House, Senate, and Oval Office. We’re definitely at the tipping point.

  11. dan bubalo May 14, 2012 at 6:07 pm #

    Good question, Gary Thomsen.

    Hope springs eternal, I guess………….

  12. dan bubalo May 14, 2012 at 6:05 pm #

    Thank you, Big Jim.

    Always a pleasure.

  13. dan bubalo May 14, 2012 at 6:04 pm #

    Glad to have you reading us, Johnny.

  14. dan bubalo May 14, 2012 at 6:04 pm #

    Thanks, Mr. Siegfeid.

    Wish I could take credit for Uncle Fester, but all credit for his photo goes to our editor and web designer.

  15. Chris May 14, 2012 at 5:24 pm #

    Great article,Dan! Thanks for not mincing words. What can we say about these entitlement-minded slugs who cling to their welfare checks & medicaid handouts? Time to send Boehner back to that bar he tended & re-visit the working class he ‘forgot’ he’s supposed to represent! They all seem to forget their title is public Servants. Time we started looking down our noses at them instead of the other way around. This ‘old boys club’mentality at the tax-payers expense has got to go.

  16. DLB May 14, 2012 at 4:40 pm #

    You are spot on. I love the humor you inject into your writing. While always inspiring, it is also really fun to read! I would love to see you read this rant in front of Congress and Mr. Mouse. They all deserve verbal spankings.

  17. John McClain May 14, 2012 at 2:27 pm #

    I found out France had discarded their elected president because he thought austerity was a good way to get out of debt, only listening to the radio in my car yesterday evening. I had a hard time controlling my laughter, particularly when the newsperson spoke of the offer of Ms. Merkel, of Germany, and the summary rejection.
    I look at Greece, having been there fifty years ago, as a boy, and knowing the working people understood finance and money as well as anyone does, back then, and have to believe the regular people remain knowlegeable, but simply don’t know how to break their government, and so far, haven’t considered just revolution and overthrow.
    The word “fiat” is French, which means no one should ever be surprized by just plain stupidity on their part, with regard to money, policies, and of course, war.
    We are in trouble in my opinion for one simple reason, and that is the fact we don’t teach our children the actual history of the Mayflower, its assemblege in Europe, its intent and purpose, the Mayflower Compact, which was our first form of government here, as emigrants, and the fact it was entirely socialist in every aspect, and this contract which included each and every person who was on that ship, controlled the entire destiny of all, and brought on the starvation of two years, the loss of half of all who survived the trip, due to starvation, and the deliberate and complete rejection of the compact in that second winter of starvation, when the Mayflower Company, the whole of the people, took the time to lay out plots of personal ownership, and established an entirely new relationship among themselves which was based entirely on personal freedom, and personal independence.
    We actually solemnize this change each and every year in our Thanksgiving Day Feast, yet we don’t ever recount the two years of socialism by which half the people died among their own, of starvation. We celebrate the success of freedom, independence, and the principles of free market capitalism, yet we never denote it came because of the abject failure of the original, long considered and well laid plan, which never had a chance of success, and should have been known as such, since this aspect of human nature has been tried time immemorial, and has failed every single time.
    If we merely taught the whole of the Mayflower voyage, from its inception as an idea, to the final aspect of success brought about by changing directions, and taking on the logical and realistic direction which had been done a thousand times before, recognising freedom and independence are all that people need to succeed, if we taught this each year as we enjoyed our feast, there are none in this Nation who would not and could not be set free, and receive a new way to escape what socialism imposes on our minds, as how things must be, when that perspective is entirely a machination of foolish minds, we have one single day every year when we all consider the bountiful nature of this world and of our work of our own hands, and how could we possibly have a better venue to demonstrate, beyond the shadow of a doubt, the absolute truth that the facts expose?
    As a boy, I knew the electricity in the house outlet was serious power and energy, and had experienced the accidental shock on occasion by seven certainly, however I am a curious person, and with the full knowledge of what I experienced, and what I’d been told, I stuck a bobby pin in an electrical outlet of our two century old house in Massachusets, expecting to watch it glow red, and melt.
    I had calculated the risks, weighed it out, and I chose to try it, because I wanted to see and know. The bobby pin vaporized a part of it, the main fuse of the house blew, and it having been so long since it had blown, there was no spare as there were for the ten or so other fuses, and I had to go with my dad to buy spare and needed fuses.
    He asked me how I could do such a thing, having been taught, and all I could answer was I needed to find out exactly how things went bad when what I did was done.
    The world is full of people who won’t listen to wisdom, and do so out of simple rebellion, and such people tend to learn after such an experience.
    There are those such as myself who know what is in store, but risk it to validate, confirm and to record and measure, and we risk ours, knowingly.
    Then there are those who have no knowledge of the world but that which they heard in school, or were told by others, and never learned how to find truth, and because of this, never learn that truth is of inestimable value, because its knowledge will keep one from wasting time on pie in the sky impossibilities, and these people can never understand those who have proven it out, at risk, why such people will stand resolute on a fact, with no regard what so ever to argument, because such people have knowledge bought and paid for, and they know those speaking against them have no knowledge what so ever, but only information which has been infused in them, some of which is true, some which is almost true, but most of which is put there to make them manipulable.
    It is these sort who find government jobs too enticing to ever let go, no matter how anal it can be, no matter how often it contradicts what they see, and it is these who are truly responsible for the destruction of every Nation which has been raised up by edification and positive work for deliberate improvement of the human condition, and they are carefully raised, put in place, precisely to make it possible for someone to assume control of a working culture and Nation, and take it as their own. Evil can only win when there are people who choose it deliberately, because they refuse to work and earn their way through life.
    John McClain
    GySgt, USMC, ret.
    Vanceboro, NC

  18. caveman May 14, 2012 at 11:13 am #

    Micturate?! Wow, my dictionary don’t go that high. I suppose it is akinned to what the non-producers in france did when they appointed their next socio/communist sugar daddy. Kinda shocking, really, when you consider that most of the ‘civilized’ world believes there really is a free lunch. or at least one on credit.

    I was totally shocked and flabergasted when that french woman, you know, the one they appointed to head the IMF, that fine bastion of economic open-ness, when she addressed John Boehner’s Congress last year, and lambasted Congress for having the unmitigated gaul (is that french?) to stop borrowing more money from the Fed and BIS, and our totally alert news media, and our totally asleep Congress, never mentioned the irony of the head of the largest loan-sharking organization on the planet was threatening Congress if they didn’t borrow more money from the loan sharks and spend it foolishly, there would be dire consepuences to suffer. Does anybody reading this blog remember this event? Do any of us have the limited intelligence necessary to see that having the loan sharks threaten you because you’re not going deeper into the abyss called unpayble debt is telling us????!!! John Boner can only do what his daddy, the Fed, tells him he can and will do. Harry ‘can’tRead’ is the exact same. They all are. Therein lies our dilemma. But what the hell, it’s almost lunchtime, and i’m broke. anybody take my marker?
    Shalom, Y’all!

  19. Lolo May 14, 2012 at 10:47 am #

    Splendid Rant! I thought I was the only one that was scratching my head when France elected a new “leader” that is going to move them into total socialism and the throngs of citizens where cheering and rejoicing in the streets. I know that is what Barry wants but I think we (America) have had enough of his Kool-Aid. I am ready for some clean water without crap in in that I know is going to be bad, bad, bad!!! Thank you for F.B. fodder!

  20. Stephen Rahal May 14, 2012 at 10:30 am #

    Great article!!Boehner is an embarassment! As I have repeatedly told my Congressman, Jack Kingston and the other two stooges from Georgia, Johnny Isakson and Saxby Chambliss, I did not vote for you to be “Bi-Partisan” but, rather, to be my voice representing my conservative, Christian values in Washington. Sadly, however, it’s all about staying in office once there. The last time I emailed Jack Kingston my concerns, his office emailed me back and asked me to signup for youtube so I could view his weekly videos of himself in various relelection photo ops. No wonder the Dems are eating our lunch. Our GOP leaders need to grow some b…s and fight like men.

  21. Thom's Thumb May 14, 2012 at 10:00 am #

    Right to the point as usual, Dan. The part I don’t get is that the dictator in chief is operating on the assumption that Congress is already irrelevant in his grand scheme. They know it because he told them (and all Amerians) some some time go. So why doesn’t it make more sense to fight for their position and assert their Constitutanal authority while there is still some glimmer of hope they might actually get something worthwhile done?

    If I knew – with the certainty that they must – that I was going to be essentually fired after November 9th of this year I’d do what I could to elevate myself, make myself at least more useful instead of rolling over and playing dead already.

    It seems imaginable that if this administration has no use for them now it will have considerably less after the election. If that’s actually possible.

  22. Gary Thomsen May 14, 2012 at 9:57 am #

    When we elect idiots, why should we expect genius?

  23. Millie May 14, 2012 at 9:46 am #

    Um…Mychael? Tell us what you really think? :)
    Excellent post, and it always gives me ammunition for Facebook…
    Thanks, again!

  24. Ro Lumsden May 14, 2012 at 9:40 am #

    It appears that most people in Congress would not be able to pass elementary math either. I am sickened by the repetitive message that “spending=investment” and that increasing our deficit through a nationalized health care system is actually “saving”. How often do we hear these redefined math terms from our own government? Yet these same government officials are surprised when Americans don’t get the message to stop spending more than they earn and when a majority of students don’t seem to understand basic math concepts. You only have to understand basic math to figure out that America cannot remain solvent on the current course. And, If you don’t understand the basic math, then, as you said, Mychal, we still have the clear example of other European countries. What excuse will our government have if it continues to ignore the empirical examples of excess spending and borrowing of Greece & France?

  25. jim May 14, 2012 at 9:11 am #

    Big Jim says:Thanks again for putting into words that prepares me to go out and defend this once great Nation with ease. Often confronted by a democrap leftist that just doesn’t get it.Just because they voted for this foreign operative,they just can’t imagine how ignorant they were to cast a vote for the demon barry-barrack-hussein.Anyway,the way you think and are able to write it–helps me tell it like-it-is….I’m winning people back to decency and common sense ONE-BY-ONE…Thank YOU

  26. Johnny May 14, 2012 at 9:10 am #

    Excellent rant. Straight to the heart of the matter. Loved it! Thank you.

  27. James Seigfreid May 13, 2012 at 9:50 pm #

    This is priceless!!! Thank you for that!!!

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