Sunday, September 07, 2008

Palin Confuses Freddie Mac & Fannie Mae and Government Role - First Gaffe

Well, McCain campaign advisor Todd Harris said they didn't want Alaska Governor Sarah Palin to make a mistake early on, and that's exactly what happened today.  Palin, commenting on the news that the Federal Goverment was going to take over the poortly performing loan organizations Freddie Mac and Fanny Mae, apparently did not know that the firms were privately owned and held.  Palin said this, as written by the McClatchy Washington Bureau:

McCain's running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie 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.
It's this basic lack of knoweldge of Federal Government operation that both Obama / Biden supporters and GOP backers who questioned McCain's logic in selecting Palin are concerned with.  Palin has no experience in talking about, let alone working to solve, Federal Government problems and policy matters on a regular basis that many wondered if McCain would have to engage in "on the campaign trail" training.

It appears that's the case.

This comes a week before Palin's scheduled ABC interview.


  1. Anonymous11:30 PM

    Brianna -

    We see now why the McCain camp kept her from talking to the press. They know she doesn't know alot of things that a V.P shoould know. This was such a gimic move to gain the female vote.

  2. Obviously "Caribou Barbie" doesn't come with a knowledge of current events and basic economics ...... I wonder, will that accessory be available before the election?????? ...... at what price?????

  3. Obviously "Caribou Barbie" doesn't come with a knowledge of current events and economics ...... I wonder, will that accessory be available before the election?????? ...... at what price??????

  4. Anonymous8:24 AM

    This comes as no surprise, I've spoken on this extensively on my site and about how her choice is the ultimate pander.

  5. Anonymous9:07 AM

    Let's See:
    Palin uses her office to punish political and personal opponents, makes poor choices on appointees, has very little grasp of real facts, lies a lot, aligns her ideas with religious fanatics, performs clumsy cover-ups, and wants to tell everyone how to live their lives.

    She would have fit perfectly in the GW Bush administration. What a joke!

  6. Anonymous10:54 AM

    Something worthy of looking into:

    The whispers that Ms. Palin hath connexions to groups associated with the heretic sect (according to the Assemblies of God) known as "Latter Rain," of which "Joel's Army," the "Kingdom Now" movement, "Prosperity Gospel," "birthing" and "fivefold ministry" are key sacraments.

  7. Anonymous11:00 AM

    She is beyond incompetent.

    She is totally unprepared to be Vice President.

    BTW, where is the media scrutiny?

    Why hasn't she spoken to the American public unscripted?

    When will we hear her defend her opinions on the right to choose, stem cell research and the US Constitution?

    I'm waiting.

    Great work Zennie.

  8. Like a female George Bush!

    In the immortal words of Dan Quayle, it's a terrible thing to lose your mind...

  9. Anonymous12:22 PM

    Does any of this matter to a populace who are to details what oil is to water?

  10. Palin's comments about Fannie Mae and Freddie Mac show a complete lack of understanding of the mortgage markets of the United States. Yes, Americans should care about economic literacy of their leaders. If this isn't a valid criticism of Palin I don't know what is.