Monday, September 8, 2008

Fannie and Freddie Who?

Poor trophy VP. They've tried to sequester her while they give her a crash course in "How to be 2nd in Command of the Most Powerful Country on Earth 101", but those darn journalists still find a way to ask her a question every now and then and awe shucks, Mrs. Unqualified kind of goofed up on her answer. Guess she's still learning what a VP does all day.

From HuffPost:
Gov. Sarah Palin made her first potentially major gaffe during her time on the national scene while discussing the developments of the perilous housing market this past weekend.

Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers." The companies, as McClatchy reported, "aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization."

Economists and analysts pounced on the misstatement, saying it demonstrated a lack of understanding about one of the key economic issues likely to face the next administration.

Umm...yeah...ummm.. what I meant to say was that under the Bush-McCain-Palin 3rd term, Freddie and Fannie were about to become too expensive to the taxpayers.

Do you really want to put her in a position to be the next "leader" of our country? Do you want to take that chance?

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