Posted on 03/04/2009 7:50:28 AM PST by PurpleMan
What you’re now seeing is a profit and earnings ratios get to the point that buying stocks is a good thing if you have a long-term perspective on it,” he [Obama] said to reporters after meeting in the Oval Office with visiting British Prime Minister Gordon Brown.
Shouldn’t a President of the US know that “P/E Ratio” means “price-to-earnings ratio,” not “profit and earnings ratio?” There is a difference.
(Excerpt) Read more at littlegreenfootballs.com ...
People with 0bama’s worldview think that every aspect of the market, the economy, and society can be (and ARE) directed from a central locus of discretion.
It’s no wonder he has no concept of the lingo of the market and economy.
Plus he claims house deflation is very bad but stock deflation is good:
Obama:” Even if you’re your neighbor hasn’t been hit by foreclosures, you likely feel the effects of this crisis in other ways; companies in your community depending on the housing market, construction companies, home furnishing stores painters and landscapers, they are all cutting back and laying people off. The number of residential construction jobs has fallen by more than ¼ million since mid 2006. But if we act boldly and swiftly to arrest this downward spiral then every American will benefit”
http://www.freerepublic.com/focus/f-news/2197840/posts
maybe Obama and his gay team of socialist fear mongers are purposely tanking the market as a gift to his buddy Soros and other Wall ST criminals to scoop up cheap shares.
If only he would unseal his college transcripts, we could find out if he ever took an economics course, and if so, what his grade was. My bet is he never even took Econ 101.
I don’t think he’s stupid. The destruction of our economy is a planned socialist blitzkrieg on capitalism, private property and wealth creation. 0bama is accomplishing exactly what he wants.
His lack of knowledge of the business term isn’t ignorance through stupidity, it’s ignorance through a belief of irrelevance and contempt.
It just came to me! The reason we can’t see his college records is he FLUNKED Economics 101 and therefore didn’t take anymore Economics classes. ;)
Some entrepeneur needs to set up a new
DFW Stock Exchange in the Republic of Texas.
This atrocity is easy to understand when we remember what the radical left is truly interested in. One thing — POWER AND CONTROL. The details of America’s economy, its freedoms, its core beliefs and values, its defense and enemies -— all of that is very secondary to having control over everything. Some call it socialism, some prefer Marxism. The fundamental idea is the same.
Big government control over every aspect of your life, the cradle to grave nanny state. If they had ANY interest in the economy, they would have already taken steps to impact the stock market -— radical Reganesque ideas like lowering taxes, business incentives, all those things that both Kennedy and Reagan knew were right for the CAPITALIST economy and they WORKED!!!
Do we see Obama making ANY of those moves? Hell no. Because he is not a capitalist. A free-market economy and the Constitution are obstacles to monolithic socialist power.
That's why he's ignoring the market's reaction to his policies.
Besides, since the market isn't about him, it isn't important.
Obama is a socialist thug!
I appreciate the article but refuse to give LGF the hit.
You are definitely correct there. That’s why he’s flying around to speak to gatherings all the time. I call it “Welcome Back My Friends to the Campaign That Never Ends.” He’s addicted to the adoring crowd. It’s all about him. We’ve elected a serious Narcissistic Personality Disorder as our President. Go check out the DSM-IV for some of the scarier features of our dear leader’s personality.
Community Organizer turned Economy Destroyer.
because......
Agree.
Aw come on, Freepers. You have to give the Great One credit by
admitting that for a Community Organizer, Obamalamadingdong is
positively brilliant.
I remember working in the Registrar's office at college helping Detroit Public School educated freshmen register for Reading 90, and Math 90. Surely Obama is subpar on economics!
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