There is a tacit understanding on Wall Street that gloating is not necessary or appreciated when winning, and that whining is categorically unacceptable when you’re losing. It’s that tempestuous little thing called “risk” and sometimes she smiles upon you and sometimes she doesn’t, but she doesn’t come with a money back guarantee. Never has. Never will.
The victimization mentality that permeates more and more segments of society like a flesh eating bacterial strain has found investors as a new host upon which to feed, never more clearly personified than with all the sniveling since the IPO of Facebook a few days ago. The disingenuous and pre-manufactured claims along with ready-made lawsuits were on the launch pad and in the hopper before the stock was ever cleared for trading, with the wink and a nod-understanding between the babies and their lawyers that if the stock pops the complaint will be pulled and if it doesn’t we’ll grab a stick and join with Mr. Obama in whacking one of his favorite piñatas: Wall Street, specifically Morgan Stanley this week after JP Morgan the prior week, and likely Goldman Sachs again in the weeks to come. In other words, we’ll gladly take the upside, we’ll sue if we lose, and nobody will question our motives as long as the president keeps publicly sticking pins in his financial voodoo doll.
What a crock. If Congress wants to do something constructive for a change it ought to pass a law which states you can’t play the market if you’re still on Pablum.
The administration-accommodating media jumped immediately at the opportunity with a knee-jerk scorching of The Street to once again curry favor for the prince who would be king, giving full credence to the complaints without so much as interviewing the book running manager, any number of syndicate heads, or seeking a confirmation of numbers with respect to the book of interest prior to the offering. The true investigation should center around those making the complaints and who is behind the assertions, for to suggest that so much is known about an IPO mere days into trading is as asinine as writing about the outcome of a baseball game with one out in the top of the first inning. With so many pre-fabricated lawsuits at the ready it is not a stretch to suggest that a handful of obeisant law firms were tapped by this administration in advance of the well publicized offering in order to further roil the waters of a public increasingly conditioned to believe there is something inherently evil about having money over which the government has no control, as if Congress and this administration have not demonstrated heretofore unimaginable levels of ineptitude. The reality is that the first twelve trading hours of the Facebook stock provided ample opportunity for investors to net a 10% profit, which apparently is no longer enough. Moreover, the concept of a good underwriting is to price a stock so that it trades within a predictable range either side of the offering price and NOT so that it roars 40% in the first day, yet once again the media did nothing to educate and instead lazily tossed propellant onto a contrived inferno.
It strikes me as odd that no psychology PhD candidate has ever written a thesis about why employees of major media outlets uniformly act like hatchlings with beaks agape awaiting Mother Liberalism to drop another worm in their mouths. Are there special tests given prior to employment for genetic factors and congenital conditions that preclude integrity? Are lobotomies part of the orientation at the likes of the New York Times, CNN, or MSNBC or is it more of an elaborate, candle-lit ritual like in Animal House where new inductees bend over and say, “Thank you, Sir. May I have another?” What other explanation causes the perception of truth, principles, and logic to matter distinctly in certain circumstances and not considered to exist in others?
When Mr. Obama lies it is reported as truthful. He says he did the right thing in Libya in front of a graduating class at the Air Force Academy while conveniently omitting the calamitous reality his actions enabled radical muslim factions to garner obscene geo-political advantage. He says our country’s reputation in the world has never been better even though Europe rightfully no longer hides its contempt for his smug ineptness, Putin is salivating, and the Chinese refer to him openly as “bai chi.” When his operatives circulate another falsehood the media is certain to make sure it gets plenty of water as he now tries to assign his lunatic-fringe stimulus spending to President Bush by shuffling accounting years.
Hillary Clinton, once co-prevaricator in chief, claimed to have been named for Sir Edmund Hillary, though the New Zealand beekeeper didn’t conquer Mt. Everest until six years after her birth. Clinton supposedly survived sniper fire in Sarajevo years later and spuriously suggested her daughter was in peril during the radical islam assault of 9/11 when she was actually asleep several miles away, and a majority of the media shrugs off these blatant misrepresentations without a peep, and this sliding scale of ethics (as profound an oxymoron as saying someone is pretty ugly) common to the species has never been more apparent than how Elizabeth Warren remains relatively unscathed after knowingly and falsely exploiting race for the sake of unearned academic advancement without a scintilla of proof of Native American heritage. No shirt? No shoes? No facts? No problem.
I have been called a lot of things, though Native American has never been one of them despite the fact that my cheekbones are high “like all Indians.” The family tree is well established so there’s no point to research it needlessly, but the next time a contract comes up I’m claiming minority status to see what advantage it provides. If high cheekbones are the only criteria to claim Native bloodlines and gain favor, I’m in like flint.
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Not to put in a word for Ward Churchill, but I’ll just briefly put in a word for Ward Churchill. He was invited to be a guest on the Bill O’reilly “I’m a big tough poor boy who went to Harvard on my own money that I worked for and did I mention I was a school teacher and that I’m a big tough guy Factor?” and stupidly accepted. After an hour of O’Reilly hammering on him, putting words in his mouth and either shouting him down or interrupting him, he managed to leave. On the way out he said “The next time I’ll just send a mirror so you can talk to yourself”. He knew more about everything than Bill, but that didn’t keep that big mouth from talking a victory lap. The arrogant fool didn’t realize he’d been chewed up and spit out. Of 75% of the “hosts” on Fox, I despise Bill the most with “You’re a great American” Hannity a close second. The same people that watch Jerry Springer are his biggest fans. I watch them only to get the stomach bile boiling to help digestion
Today being the day it is, I need to put in a word for my high school friend, Marine Lt. “Rock” Grammar “who was captured and murdered with his hands wired behind his back in 1975. Also Lee Carlin shot out of Huey and Sunshine Moore who knew he was going to die when we graduated. They all died for what I don’t know in Vietnam over forty years ago.
I was gratified to hear a Metal of Honor winning Marine General say that the only thing overseas was good for was to bury our dead. Also another General say we should send F16’s, B2’s and more people near Iran and take out their nuclear program. We haven’t fought a war since WW II that was anything more than us sticking our nose into the business of countries that burn our flags and over run the French that sometimes takes two weeks. And we make better wine.
Good recall on Ward Churchill, Carpenter. The media would excoriate a conservative for pulling his stunts, yet gives carte blanche to liberals and enables them to say whatever they want without so much as a single fact-check.
Good one Dan, your mention of elizabeth warren brought to mind another lying moronic liberal, ward churchill the Colorado college professor or what ever he was or claimed to be.Remember that he claimed to be Native American and probably didn’t even have 1/10 of 1 percent of anything but lying liberal DNA in him. I guess the media beleives that Americans are so stupid as to not notice bullshit and their lack of reporting it.
Not sure why Dan, but one of the ladies here at Geezer Central has a copy of the Enquirer. It has a story about a reporter that was just about to release a story and video tapes on Allahbama showing him at Harvard actively promoting dissent and racial tensions. Somehow the reporter got dead. Some say heart attack, but Rush says there’s no truth to that. Others say arsenic poisoning. Methinks I’m going to try and find a way to erase my comment just in case. If I don’t post anymore, call 911.
Thank you, Sumitch, for the comments as well as the information.
Doesn’t it seem odd that not ONE “journalist” has seen fit to report on these inefficiencies? I’m no fan of Woodward or Bernstein, but why hasn’t anyone sought to expose the folly and carve out a niche for themselves like they did? ?
Guess the threat of immediate unemployment looms large.
Good rant Chief Boogalou. I’m almost embarrassed to put keyboard to cyberspace to join in after reading such bulls eye comments as you, Marilyn and Gunny have made. But the risk of being made to look like a fool has never stopped me before, so why worry now?
I read the comments on the wind farms and the birds too and want to add to the damnation of these Don Quixote wind mills. My bona fides are that I spent most of my career in the energy bid’ness and I must blushingly admit that I know a little about it.
First, and this will shock you. No wind, no electricity. That’s why those nasty carbon based electrical generators have to stay on standby in case there’s no wind or repairs and maintenance become necessary. That cuts into the carbon dioxide savings, and reduces the numbers used to prove how much oil from the Mideast we are saving. So let’s not address that. The windmills generate electricity at about 150% of the cost of oil or gas generators and aren’t even in the running compared to hydrogenation. That fits nicely into Obama’s claim that our energy is too cheap, which somehow has become a crime like working hard and making a little coin, so we must increase the cost to consumers so as to reduce usage. It also makes such scams as cap and trade sound intelligent. To put that to bed, I worked for Enron, was in on the ground floor of that scam, and they were the ones that first developed the cap and trade idea along with carbon credits, and if you think that Enron ever did anything to benefit you, I have some Florida swampland I’d like to sell you. The whole idea of cap and trade at the time was to own as many of the carbon credits as possible and sell them to companies that did not earn them, thereby allowing them to continue to pollute and Enron to make some money. They are repair and maintenance gluttons and expensive at that. Some complain that they ruin the view such as the rich and famous at Martha’s Vineyards and others that they make too much noise which keeps the chickens from laying and the cows from milking. But not the land owners that lease the land to the companies to install these monsters.
So to recap. They kill birds and especially our endangered national symbol. They spoil the view. They are noisy. They cost much more to maintain and /or repair. The electricity generated costs much more than the cost is now. They don’t reduce carbon emissions nearly as much as claimed. They don’t reduce our consumption of Mideast oil nearly as much as claimed.
The government is promoting then, so what could possibly go wrong? Back to you Dan.
Great observations as always, Marilyn, and the operative word that popped out to me was “vomit.”
Well put.
Thank you, “High Facial Cheek Bones.” Once trusting a president to honestly inform the public, that has gone to the way-side. We are hearing the same promises as 2008 with unadded crucial facts to garner a vote. I had recently read some information, not checked out, about the Wind Farms that are supposed to generate energy for the American public. Hefty fines imposed on oil companies in ND because some dead birds were found near open waste pits. Not reported by mainstream Media were how many Bald Eagles and Golden Eagles among other birds have been sliced in half by the wind turbines revolving at up to 200 mph. (NO fines imposed!!) It is estimated that by year 2030, the mortality rate of our prized Eagles and other birds will reach over one million. I’m pretty sure that EPA has something to do with the reproting about ND dead birds while not reporting the Bald and Golden Eagle catasrophes in wind turbines. EPA and POTUS would not want to report anything negative about “clean energy” that prevents our Natural Resources from saving the United States and opening up many jobs for the unemployed. This smacks of when I was raising my children and demanding the facts about certain actions that were not in their favor. They would confess to part of their actions but leaving out the most important information that certainly would confine them to the house for two weeks. When realizing that Mom had that eye in the back of her head, (had talked with other mothers about mischievious actions) the children decided to tell all and were disciplined not only for one half of the facts but the deeds, themselves. And, so it goes with POTUS. He does report on some facts but omits the important facts that certainly are essential to the entire story/issue and would raise eyebrows and confirm his ineptness and inability to be trusted. We The People, have to be that ‘third eye’ and be one step ahead of each lie or half-truth that vomits from his mouth. The mainstream media will only print what they want in order to save the POTUS arzz. Bari Malk or whatever his name Is a Liar, Intimidator, Demoralizer in Chief and it’s high past time for him to be relieved from his position without retirement plan. An American Indian Chief, he is NOT. That we know for sure.
This short video compliments what you say in your excellent rant Mr Bubalo & I hope all of your readers will take the opportunity to watch it. I promise it is worth the time you spend to view it! We are fast approaching a tipping point where there will be no turning back on this slippery slope we find ourselves & our Country on!
http://www.youtube.com/watch?v=w0pEgJlsLKI&feature=player_embedded
I was referencing the James Coburn spoof, Gunny, which, dryly….borrowed from Flynn.
Uh, Dan, that would be “in like Flynn”, the actor who seemed to be so popular in his day.
We, as A People, have forgotten, we became the fastest growing, most prosperous nation in world history, not by careful stock choices, but by hard work, in great risk, living on the edge of a frontier which would provide an enormous profit for those who had the vigor, the courage, and the hardiness to tame it.
We were rugged individualists, and this aspect of our nature as a “common people”, made us, almost all, able to win out our own fields, clear our own trees and brush, face down the bear and wolves, and choose what to grow, to mine when we found cause, and to build, when we believed it would be profitable.
We never expected a return on anything we did not invest the whole of ourselves in, our minds, in thinking, our bodies, in hard, arduous labor, and our spirits, in enabling our courage to get us through the real dangers, and overcome them.
We established States which governed the mere basics, we constituted a federal government with exactly eighteen duties and purposes, and we constrained it to excise taxes, because we knew we only needed a tiny government, since we had all citizens to perform the duties of “Sovereignty”.
We knew profit and gain come only from work, good ideas, and the absence of a tumor larger than our own body. That is the sole reason for our Declaration of Independence, and our statement of our good cause to separate from a people long connected to, nothing more or less than the cancerous tumor eating us out of house and home called “government”.
Every good thing a government can do is listed in our original Constitution, along with an exacting litany of all it should never be allowed to even look at.
Every single act which we allowed our government to take which has taken us away from that original Constitution, is the exact reason we no longer control our own lives, because we have allowed the elected to assume powers not provided and ignored the calls for restrain so long, we can only take those powers back by mass uprising.
Those in government whose profit is always their first concern, work very hard to give us cause to fight each other, because they know if we stand together, they are vanquished, and we rule over them, again, as is our right.
We can never be a “Sovereign People”, and control the fruits of our own labor except that we choose to be “one People”, under God, and choose to restore the least government by standing on our Constitution as a “whole People” with one mind regarding rights and responsibilities.
We can only have what our founders provided for us, if we choose to stand on our own, accept what comes, as ours, and refuse to believe anyone who says government can help us “get even”. All who will accept that essentially declare war on all the rest of us, and it can be colored as racism, or based on religion, or the lack there of, but it all boils down to allowing “the gang” to subsume us, one by one, and then use us as a gang, to assault those who didn’t join.
The government which is not exactly constricted by law is no more or less than a gang of thieves, and those who expand it, deliberately, or as useful idiots, are the enemies of all freedom. Government has always been the enemy, as it has never been willing to accept its limited role of securing our rights, and that alone.
Government must be “a gang” to accomplish its duties, and to keep freedom, we must retain absolute and total control of who is allowed to be in the gang, temporarily, and deliberately remove each in their own turn, no matter what, because those who spend too much time in it, allow “the gang” to become their identity, just exactly as we have today.
John McClain
GySgt, USMC, ret.
Vanceboro, NC