How does a Governor (Palin) not know that Fannie Mae, Freddie Mac are not taxpayer funded? (updated)

ProSense

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Mon Sep-08-08 12:13 PM
Original message

How does a Governor (Palin) not know that Fannie Mae, Freddie Mac are not taxpayer funded? (updated)

Edited on Mon Sep-08-08 12:29 PM by ProSense

Palin�s first gaffe: Claims Fannie Mae, Freddie Mac are taxpayer-funded.

Speaking in Colorado this weekend, Gov. Sarah Palin tried to explain the recent federal bailout by claiming that lenders Fannie Mae and Freddie Mac had �gotten too big and too expensive to the taxpayers.� The companies, however, �aren�t taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization,� McClatchy noted. Palin�s satement �is somewhat nonsensical because up until yesterday there was sort of no public funding there,� said Andrew Jakobovics of the Center for American Progress Action Fund. �The �too expensive to tax payers,� I don�t know where that comes from.�

Edited to add:

Out. Of. Her. Depth.

"You would like to think that someone who is going to be vice president and conceivable president would know what Fannie and Freddie do," said Dean Baker, co-director of the Center for Economic and Policy Research. "These are huge institutions and they are absolutely central to our country's mortgage debt. To not have a clue what they do doesn't speak well for her, I'd say."

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grannie4peace

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Mon Sep-08-08 12:14 PM
Response to Original message

1. duh, she's stupid?

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ProSense

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Mon Sep-08-08 12:31 PM
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6. Smug, arrogant and clueless. n/t

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thoughtcrime1984

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Mon Sep-08-08 12:15 PM
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2. When that Governor doesn't bother to learn anything important while in office.

Arrogance, just like Bush, Cheney, Rove, McCain, etc.

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BrotherBuzz

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Mon Sep-08-08 12:17 PM
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3. Palin, maybe understanding the workings of the Fannie Mae and Freddie Mac is something....

Vice Presidents do. Just an idea, girl. :shrug:

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renate

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Mon Sep-08-08 12:21 PM
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4. I wonder how much longer she's going to go back into hiding after this

Except for Charlie Gibson's interview, which she has no need to worry about.

I love love love that she screws up the first time she tries to wing it.

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billyoc

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Mon Sep-08-08 12:21 PM
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5. It's not in the Bible.

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