The Campaign Spot

Election-driven news and views . . . by Jim Geraghty.

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.

Tags: Barack Obama , Bill Richardson , Chris Dodd , Fred Thompson , Hillary Clinton , Horserace , Joe Biden , John Edwards , John McCain , Mike Huckabee , Mitt Romney , Newt Gingrich , Rudy Giuliani , Sarah Palin , Something Lighter , Tommy Thompson


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