Obama To Americans: “Buy! Buy!”

By Thomas Nagorski

Mar 3, 2009 1:00pm

So — on a day when the White House is clearly trying to boost confidence on the financial markets — we get this from the confidence-booster-in-chief: "What we’re now seeing," President Obama told reporters moments ago, "is profit and earning ratios starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it." This follows a morning of cheerleading for the stimulus/recovery bill (the "shovels are in the ground"), a new line of credit opened from the Federal Reserve, and the President’s plea to all Americans to visit Recovery.gov to join the recovery effort in a personal way. So — now of course the question will be — will Americans listen? Buy! Buy!…

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