McCain's judgement should be seriously questioned! He made a terrible mistake in picking Plain. Obvious fact: in the wake of the government taking over Fannie Mae and Freedie Mac - here's what Sarah Palin had to say below. Sarah Palin is seriously under-qualified for a job that McCain (should he win - which I don't see it happening) that she has ABSOULTELY NO KNOWLEDGE of national or foreign policy and lacks the understanding for a wide array of issues right now!! Palin is not ready to be VP for anybody!!
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.
"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."
Even conservative analysts acknowledged that the statement simply did not hold true.









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