Hilarious, yet somehow unfunny, headline o' the day

Gee, President Kreskin says it's time to buy stocks. Eh, with what? IOUs?

President Cramer went on to explain the market to us equity n00bs.

During a brief press conference in the Oval Office... President Obama suggested that it may be time to buy stocks.

“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,” he said... [arguing] that it is a mistake to pay too much attention to the market’s “fits and starts.”

...Mr, Obama said he judges the success of his policies not on the “gyrations” of the market but on indicators such as unemployment, business investment and the flow of credit.

And since all of those indicators are sucking wind?

The market meltdown signals a crisis in confidence, instigated and encouraged by the Rookie-in-Chief:

...it's become clear that Mr. Obama's policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence -- and thus a longer period of recession or subpar growth.

...what has happened in the last two months? ...What is new is the unveiling of Mr. Obama's agenda and his approach to governance. Every new President has a finite stock of capital -- financial and political -- to deploy, and amid recession Mr. Obama has more than most. But one negative revelation has been the way he has chosen to spend his scarce resources on income transfers rather than growth promotion. Most of his "stimulus" spending was devoted to social programs, rather than public works, and nearly all of the tax cuts were devoted to income maintenance rather than to improving incentives to work or invest...

...The market has notably plunged since Mr. Obama introduced his budget last week, and that should be no surprise. The document was a declaration of hostility toward capitalists across the economy. Health-care stocks have dived on fears of new government mandates and price controls. Private lenders to students have been told they're no longer wanted. Anyone who uses carbon energy has been warned to expect a huge tax increase from cap and trade. And every risk-taker and investor now knows that another tax increase will slam the economy in 2011, unless Mr. Obama lets Speaker Nancy Pelosi impose one even earlier.

Well, all of his policies are pro-growth... for the corpulent government bureaucracies, that is. And Hamas.