Tuesday, March 03, 2009
BARACK OBAMA
Does the President Know What 'P/E Ratio' Stands For?
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.
03/03 04:43 PM
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