Profit Opportunity

The Wall Street Journal points out a possible profit opportunity for anyone who trusts the Obama administration:

So the wave of corporate writedowns—led by AT&T's $1 billion—isn't caused by ObamaCare after all. The White House claims CEOs are reducing the value of their companies and returns for shareholders merely out of political pique.

A White House staffer told the American Spectator that "These are Republican CEOs who are trying to embarrass the President and Democrats in general. Where do you hear about this stuff? The Wall Street Journal editorial page and conservative Web sites. No one else picked up on this but you guys. It's BS." (We called the White House for elaboration but got no response.)

OK, if what the White House is saying is true, this is a great profit opportunity for anyone who is foolish enough to believe them. Recording these bogus write downs means that the stocks are undervalued. Obama and friends could purchase stock in these companies at a bargain price, and when the market finally figures out that the reduced profitability of these companies was bogus, the price will shoot up and Obama and his cohorts will profit from the evil Republican CEOs' trickery. What better way for Obama to expose the political trickery of his critics than to profit from attempts to embarrass his administration?

You're welcome, Mr. President.