The Campaign Spot

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.