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 P/E ratio?
If Bush had said the above, it would be ipso facto evidence of his idiocy.
A blog to document the failures of the Obama administration, including Obamanomics, ObamaCare, Operation Fast and Furious and more!
Tuesday, March 3, 2009
March 3, 2009 - Economic Knowledge FAIL
Source: The Campain Spot
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