Why Doesn't MSM Find BO Stupid?

Political Punch: Bullish Obama Suggests Nation Should Buy! Buy!

"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.

But wait, it is PRICE / Earnings ratio! He said the wrong thing! Doesn't that mean he is STUPID? I'm sure it would have with Bush, but not with BO. I wonder why that is?

Ok, forget what may be a slip of the tongue (I'm CERTAIN that the media would have taken that tack with Bush!). How about "substance"?

Obama said he wasn't focused on "the day-to-day gyrations of the stock
market, but the long-term ability for the United States and the entire
world economy to regain its footing." he compared the Dow Jones
Industrial Average to a daily tracking poll in politics. "You know, it
bobs up and down day to day," he said. "And if you spend all your time
worrying about that, then you're probably going to get the long-term
strategy wrong."

Uh, a "tracking poll"? Where people are just randomly sampled over the phone? Hmm -- actually, the market is people RISKING THEIR LIFE SAVINNGS Mr Financial Fool in Chief!! BTW, I'm betting that this WH pays just as much attention to "daily tracking polls" as any other has. If he had ANY experience in business and investing, he would CERTAINLY realize that:

1. The Market looks primarily SHORT TERM -- 6 months or so. The wild drop since Sept '08 is Business and Investors giving HIM a solid vote of "NO CONFIDENCE"!!!
2. The Market looks only forward -- like we all ought to do in life, the Market plays from today forward. Yesterday is past history. Today and expectations for tomorrow are what matter!
   
3. He apparently throws TRILLIONS of TAXPAYERS dollars into the wind with no thought of where they will land, but investors are using THEIR OWN MONEY, and they tend to place their bets where they believe they will get a payoff.

Had Bush said anything this foolish and dismissive of the half of the population that saves and invests, the fallout in the press would have been devastating. BO gets a pass!! That is what is called an "unbiased media"!