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Old 09-08-2008
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Re: Palin Makes Huge Gaffe: Doesn't understand Mortgage Bailout.

Quote:
Originally Posted by TheLastBoyScout View Post
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



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.

nominee claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers."


lbs..the continued operation under their current status is costing us, the tax payer money, the sooner we change that the better, they are too big and they are, and what should could said is; “and will get more expensive to the taxpayers”… unless we change it of course…it’s a matter of inference, she has taken it for granted its going to cost us, and it will, and more the longer it goes on.
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