Socialist President Obama Urges Americans to Buy Stocks?
Figure this one out.
After declaring war on rich people, investors, entrepreneurs, small business, corporations, the Middle class, Big Oil, private health care, etc. the socialist in the White House wants Americans to invest in the stock market.
Political Punch has the latest from the Investor in Chief:
President Obama told Americans to take a look at investing in the stock market this afternoon, a remarkable utterance for an American president, especially as the Dow Jones Industrial Average proceeds on its course Southward.
“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 president said on a day that trading continued to hover under 7,000.
The president predicted that Americans’ consumer confidence would improve as they see the stimulus bill “taking root.”
“Businesses are starting to see opportunities for investment and potential hiring,” he said. “We are going to start creating jobs again.”
President Obama made his comments in the Oval Office during a photo opportunity with British Prime Minister Gordon Brown, where the two world leaders took a handful questions from the media.
Closing Velocity has video from the news conference.