Evidently our omniscient president also dabbles in the stock market. In a desperate effort to obfuscate the double-digit-percentage declines since his inauguration, President Obama provided this gem of advice:
[P]rofit 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.
What a hedge—starting to get to the point where they’re a potentially good deal as long as you have a long-term perspective?
Quick, somebody put this guy in charge of the untold trillions going into the already-bankrupt special-purpose entity known as Social Security.
If Bush had said that…