Posted on 03/03/2009 2:57:34 PM PST by Recovering_Democrat
Obama, today: "On the other hand, what you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it."
Did he mean price-to-earnings ratio? The traditional definition of PE ratio?
If Bush had said the above, it would be ipso facto evidence of his idiocy.
LameStream Media: workin' hard to cover for Hussein.
Jump shots:lay-ups in gym class?
This idiot hasn't been tested by our enemies yet.
Be afraid.....be very afraid.
He doesn’t know what the hell he’s talking about along with most of the Washington politicians regarding economics in general.
‘Beyond my pay scale’, Obama Responds.
What did the teleprompter say?
It doesn’t matter who is president.. Government should not mess with the economy or the stock market.. They should only use tools to ensure no monopolies, reasonable low regulations, low taxes, and no taxes in areas to encourage growth.
No, he doesn’t know what it means.
But everyone says he talks well.
I guess I’m old enough to remember Everitt Dirkson. That man could orate. Obama is just another seminar speaker.
You used the term “ratio” which involves simple grade school math...e.g., division.
The Obamaloon has hung around too many education and political “science” majors to understand the complexity of such advanced math as 2/4=?
Ask him if he knows what a Circular E Tax Guide is.
I do. I had 4 years of PE in high school.
he said something equally stupid regarding capital gains (tax) in the fall. He has no clue. Has never had a real job, and many don’t seem to care.
Um ya know um it’s kinda like the alpha beta of a stock or your um ya know return on interest thingy - I saw it on an income sheet or a balance statement. Um George Soros just told me to tell you to buy - he needs something to short against - he told me that was good, whatever it is.
Obama is the Barbie doll of finance: “Math is hard”.
I’m sure he misspoke, but if a Republican had done it, the press would habve demagogued it to death...
Harvard Law School must be cringing, with this one. Makes it obvious that Hopey Changerton was too busy study gender-based economics to get a good solid Econ 101 lesson.
Maroon.
Of course he knows. Price is irrelevant. Renaming it profit is simply a prelude to the next part: Earnings means everything you make, which is equivalent to what you will owe in taxes. Either way, profit or earnings, it all belongs to Obama.
It’s a big stretch, but the term “earnings and profits” or “E & P” has meaning in tax law, but it’s not a ratio and I really, really doubt Zero took that class in law school.
You are giving this guy far too much credit. He seriously didn’t know what it was! Almost laughable if it wasn’t so sad.
He thinks it depends on how much beer you drink.
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