Wednesday, March 4, 2009


What is it about subtlety that eludes so many? Last night, I was on the elliptical at the gym watching Lou Dobbs hyperventilate about the president of the United States telling people to invest in the stock market. He started a conversation on the subject with a couple of other talking heads.

From the conversation, I really expected Obama to have said, "American people, go out and buy stocks. The market is fine."

Not surprisingly, that is not even close to what he said. He said:

Sounding like an analyst, he said that "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."
So, Obama said something completely rational. Dobbs, and others, took that and turned into a proclamation that would be much more interesting, but wasn't even remotely close to what he was really saying. Gotta love cable news!

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