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.