Monday, April 27, 2009

Obama's intelligence is highly over-rated; worse is that he doesn't know it.

Does President Obama understand economics? This passage, from a Friday speech on higher education, suggests not:

"And yet, in a paradox of American life, at the very moment it's never been more important to have a quality higher education, the cost of that kind of education has never been higher."

Something that is more valuable than ever is also more costly than ever? That isn't a paradox, it's a tautology!
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Barack Obama and 'Profit and Earnings Ratios'Posted by Tom Elia in Satire
The other day, in talking about the declining stock market, President Obama said: (emphasis added)
"... 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."
The problem with this statement is that, up until now, there has never been anything called a 'profit and earnings ratio.'
The president's defenders argue that he simply misspoke, and meant to refer to 'price-to-earnings ratios,' while Obama's detractors argue that this statement simply shows the president's inexperience and lack of knowledge about the stock market.
I think both of the explanations are wrong. When President Obama spoke of 'profit and earnings ratios,' he wasn't misspeaking and he wasn't showing his ignorance of the market. Instead, he was inventing a new stock-market measurement, proving to all who will bother to listen that he is a trendsetter and all about 'change.'
Divide profit by earnings and what do you get? More proof that Barack Obama is the one.
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Time to pray for Obama: remember that Biden is next in line and then comes ...Pelosi.
According to alarming reports from Mexico City, Felipe Solis, a distinguished archaeologist who showed Mr Obama around the city's anthropology museum during his visit to Mexico earlier this month, died the next day from "flu-like symptoms".
Mr Solis met the President at a gala dinner which was held at the museum on 16 April, before Mr Obama travelled on to the Americas summit in Trinidad and Tobago. Yesterday, the museum was shut, in common with most public attractions in Mexico City, and the nation's Health Minister confirmed that Mr Solis had died of pneumonia – but that it was not thought he had contracted swine flu. In the US, the White House said that the President's doctors had given him an all-clear. Mr Obama showed no symptoms after the usual incubation period, his spokesman said.

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