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.

__________________

The world could use more Stan Ovshinsky's

That's a pretty tough one to spin. Of course I'm sure she'll claim that's she was predicting the future or some sort of nonsense.

__________________
Is our children learning? -George W. Bush

"I think—tide turning—see, as I remember—I was raised in the desert, but tides kind of—it's easy to see a tide turn—did I say those words?"—Washington, D.C., June 14, 2006

"[T]he illiteracy level of our children are appalling."—Washington, D.C., Jan. 23, 2004

they're sorta private, sorta not. but she should probably know the difference.

__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Curious to see how the republicans here will spin that one. They will probably say you made it up.

So, they're Government created entities and their financial problems are costing the people of the US (sometimes known as taxpayers) a great deal of money - and were before the bailout / take-over.

Looks to me like a silly partisan "gotcha" game over a statement that was poorly phrased, but not far from correct.

Matt

But aren't Palin and McCain, according to their self descriptions, supposed to despise this type of big government activity.

__________________

We, the taxpayers of this country are going to bail-out Freddie Mac & Fannie Mae. I guess Sarah Palin's statement of to expensive is 100% right on!

Lest not forget the gaff--that Barack Obama stated the other day--referring to himself as a "muslim"--instead of "christian".

Politicians speaking a lot are going to make word phrase error's alot. If we're going to talk about these kind of silly gaffe's, instead of real issues, it's no wonder that we have elected a congress that has a 9% approval rating.

It's an indefensible gaffe....

She cited that the companies had "gotten too expensive to the taxpayers" as the reason for the bailouts.

It wasn't a poorly phrased statement, it was a poorly thought and factually incorrect statement. If people start excusing her lack of understanding it smells intellectually dishonest to me.

__________________

The world could use more Stan Ovshinsky's

This smells to me like the Obama 57 states thing.

But, even assuming she's really in the dark, I'd imagine some on the job learning is required. I see no reason to believe that she would have any difficulty bringing herself up to speed on the particulars if she were asked to weigh in on relevant legislation.

__________________
"Government big enough to supply everything you need is big enough to take everything you have... The course of history shows that as a government grows, liberty decreases."

-Thomas Jefferson

Good point and the reasons why you won’t hear McCain or Obama get populist on this is because, they all have dirt to cover up.





As to the OP-

Excsue me, uhm Bush signed a bill, giving our the Treasury the power for a year to extend unlimited credit to or make equity purchases in both funds……in July.

As far as Palins statement, her phrasing was poor, Freddie and Fannie are federally chartered by the government to perform the lending they do. She probably should have said, we need to pop this balloon before it costs us more down the road….

I don’t think it’s a leap at all regards what will happen and in fact has happened as of today ie. the gov. stepping in and creating a conservatiship. This was pre ordained.

We all know that Freddie and Fannie were not going to be allowed to go down, and we all knew that sooner or later they would have to shed all their protections from strict gov. oversight, and we do need to make sure this is not going to poct us anymore than it already will, estimates are close to 700 Billion already.

__________________

"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

okay well, I 'll have to put this into the file, so when someone inevitably makes a remark about obamas “Freudian slip” yesterday, we'll have to parse that too.....come on LBS.

__________________

"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."

With all the news stories that could have been covered today about her, why the media focus on a poorly phrased (at most) statement? Looks like Media bias in action.

__________________
Andy
Cynical Optimist

What was his “Freudian slip” from yesterday? I'll judge it on it's own merit.

The issue in this thread is Palin... If you can demonstrate in any way that Palin probably knew better and this was just poor wording, let me know.

She lacks the background on national issues. It's not surprising that she's not well versed on topics that don't deal directly with Alaska. It's probably why the press is being locked out from her. She's doing some intense cramming between now and the VP debates. Hopefully for her, she memorizes the correct answers.



p.s. you're keeping a file on me? Wow, I feel special.

__________________

The world could use more Stan Ovshinsky's

Sounds to me like the Reps on here are looking at Palin the same way they say the Dems look at Obama.

We call Obama the hope of change, etc, I guess we can call Palin the great white hope

No wonder she is in hiding and the media not allowed to speak to her. Just wait til the honeymoon is over folks. And wait for Biden to rip her a new one.