Obama and the stock market

Our commander-in-chief, head of state, all knowing president has chimed in on the stock market. Here are a sampling of his outstanding insights ....

"On the other hand, what you're seeing now is profit and earning ratios (emphasis added) are starting to get to the point where buying stocks is potentially a good deal, if you have a long-term perspective on it"

The stock market, he says, "is sort of like a tracking poll in politics. It bobs up and down every day ... "

Wow, Obama (praise His name) is right on top of this isn't he? Not! He is so detuned from the capital engine of our capitalist based economy that he doesn't even understand the fundamental valuation of price to earnings. But, profit, price , what the hell it's all the same thing. Then to equate the market to political polling is beyond the pale! To somehow equate a series of subjective, opinion based , tabulations of partisans to the daily allocation of serious investment funds seeking to mitigate a variety of risks imposed on the marketplace by the government's actions demonstrates a pathetic isolation of Obama from the heart of our financial structure. Thus, making his attack on capitalism all that easier in his mind. The inexorable march to a total government control proceeds unimpeded because no one in the mainstream media is challenging this overt coup d'etat. However, as seen in an earlier post below there is a nascent movement underway by liberty loving individuals to combat this arrogant plunder of our nation's wealth and culture. Freedom, in the end, is a most powerful force!