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Old 09-08-2008
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TheLastBoyScout TheLastBoyScout is online now
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Member Since: Jan 2007
Location: Champaign, Illinois
Posts: 6,403

United_States     Illinois

Palin Makes Huge Gaffe: Doesn't understand Mortgage Bailout.

Upon recent developments that saw Sallie May and Freddie Mac get taken over by the government, Sara Palin thought she would weigh in on the matter:

Housing Policy Trips Up Palin, By Steve Benen - CBS News

Quote:
Speaking before voters in Colorado Springs [yesterday], the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers."
This is more than a mistake.... there's no two ways to parse this... Sara Palin believed that Fannie and Freddie have been government run this whole time.

No....Sara.... this is a situation where private companies failed and were getting a government bailout as a result.

Fannie and Freddie weren't costing taxpayers a dime directly... but now that we are bailing them out.... taxpayers will largely be footing the bill.

This woman isn't ready to be our Vice President, let alone our President.

We can now see why the McCain campaign is keeping Palin bottled up..... they should also make sure she sticks to the script completely on the campaign trail. Just recite and read.... don't think.
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