Jeremiah Wright's attorney was one of only two political appointments to the IRS

And he is now the center of the storm around the IRS scandal.

People may get taken in by Wright, but Obama disavowed him in order to win election in 2008.  But he remembered to appoint Wright's tax attorney to the IRS.

Just for your consideration.  In case you need your memory refreshed, here's Wright in one of his "sermons".



Update:

This wasn't supposed to go to the top of the blog.  I corrected an error in the title, and Blogger put it on the top.

Update:

It wasn't the spelling in the title.  I changed the most popular post on this blog's title, but it didn't appear at the top of the blog.

A very good reason to ignore conventional wisdom

Message from yours truly:

Conventional wisdom says inflation is low. It is only low because the central banks want you to think that it is low. That will change when they are ready to let that perception change.

Published on Zero Hedge (http://www.zerohedge.com)

Home > QBAMCO On Gold And Inflation: "Don't Fight The Fed... Front Run It"

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QBAMCO On Gold And Inflation: "Don't Fight The Fed... Front Run It"

By Tyler Durden

Created 07/22/2013 - 17:20

Financial asset investors may continue to benefit in the short term while stocks and bonds remain well bid, but production and labor in over-levered economies should continue to wither. When we take it to its logical conclusion, central banks cannot withdraw debt support (on a net basis) and so our baseless currencies seem highly likely to fail to provide sustainable purchasing power. (This happens as producers demand more currency units for their labor and resources, not when consumers drive prices higher by competing with each other for finite supplies of labor and resources.) Continued inflation of all global currency stocks is likely. This implies to us that fundamental expectations of the inevitability of price inflation across borders and in all currencies must change, from unlikely to highly likely. Since very few investors expect rising inflation anytime soon, the return skew is overwhelmingly positive in its favor.

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Source URL: http://www.zerohedge.com/news/2013-07-22/qbamco-gold-and-inflation-dont-fight-fed-front-run-it

Another look at the employment situation

The most recent one was covered here.  No need to cover old ground.  However, there has been some talk about full time v part time employment.  An administration official or defender ( don't remember who) denied that economy is producing mostly part timers.  So, I took a look, and yes, it's true.

Over 300 k additional part timers, and less than 200 k additional altogether.  That means more full time jobs were lost than created, otherwise, the overall job numbers would have been higher.

Headings added to aid in clarity

Household report for june 2013

US GDP per capita in gold per oz from 2011 to 1960

This would be in reverse chronological order from present day to 1960.  That is, from left to right goes back into time over 50 years.

Statistics for chart obtained from this site for population and gdp, and this site for gold prices.  Chart produced using Microsoft Works Spreadsheet.

Certain features of the chart indicate some obvious problems, wouldn't you agree?

Most recent dates to the left, oldest dates to the right... X-Axis uses only last two digits of the year for readability

Thinking about the big picture

Well, number one on the list is that as a blogger, one has to blog.  Every day.  This can be a bit of a grind after awhile.  I've been doing this for almost three years now.  After three years, it's hard to say anything new.

It's a big world though, and lots of things in it.  Always something new to look into and write about.

But my mood isn't there this morning.  I'm going over some things, like some old posts and so forth.

So, I'm checking in, but I'm probably not good for a whole lot of posts today.  That's unless I find something out there that piques my interest.

Some big picture observations:

1. Trayvon Martin didn't die because of Stand Your Ground and Guns.  He died because nobody cared enough about him.  He was on the wrong track.  Somebody needed to pull him back, but either nobody could or nobody would, and it didn't happen.  So, he died.  Those who are crying over him now are crying crocodile tears.  One thing I noticed about the left.  They love to exploit death for political purposes.
2. Barack Obama became President because he was the Magic Negro.  That's not new, but what is new is that the magic may be wearing off.  Maybe Obama just doesn't have the magic anymore to rescue all of us from ourselves.  He is just a politician after all.  He does what's political, not what's right or good.  The magic was never really there, you know.  All hype.
3. The left says they want to talk about race.  I doubt that.  They want to talk AT us about race.  If they wanted to talk TO us, they'd talk about their own responsibility for the situation.  They just want to blame and accuse and to gain from that.  Nothing wrong in trying to gain from something as long as it is an equal exchange.  Value for Value.  But this isn't about that.  One thing that the left does very well is to get an advantage for themselves while claiming to be working for the good of all.  It's is all bullshit.  It's all about getting an advantage.
4. The left's ideas in practice don't work, but their political ideas work like gangbusters.  Why is that?  There's a reason for that and the conservatives had better figure it out because the time is getting late.  Maybe too late.  If I may offer an explanation, I sort of covered it yesterday.  It is about unity and maintaining it.  The left is good at that, the "right" is horrible at that.  If the "right" can't or won't figure it out, maybe it is because Trayvon Martin is to the left what the death of the Republic will be for the "right".  In other words, if the Republic dies, it is because nobody can or nobody will do anything about getting this country back on the right track.

That's enough for one post.

Barack the Magic Negro - Paul Shanklin

Barak Obama really is the Magic Negro.  He came to rescue white America from its racism and bigotry.  He's going to change us into a more enlightened people!!!

He really believes that.  So do the blacks and the liberals.   It's twue, it's twue!

The Pretenders - My City Was Gone (Remastered)

Also known as the Rush Limbaugh Show's Intro jingle.

This would work for Detroit, all things considered.  Supposedly, the song is about a city in Ohio.