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.
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.
I’ll bet the guy with the Havard MBA wouldn’t have missed that.