Tuesday, September 09, 2008

The Brains of the Operation...

Are clearly lacking some basic information:
In a campaign stop in Colorado Springs over the weekend, Ms. Palin, the Republican vice-presidential nominee, addressed the biggest issue of the day — the government takeover of Fannie Mae and Freddie Mac, the giant mortgage finance companies.

“They’ve gotten too big and too expensive to taxpayers,” she said. “The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help.”

Ms. Palin’s statement went largely unnoticed by political reporters, who are often more schooled in political rhetoric than economic theory. But left-leaning blogs and others have picked it up and are portraying it as a gaffe, noting that Fannie and Freddie are not government entities but instead are private-sector companies.

Yeah. Big Shitpile, as it's known on liberal blogs is a private organization that basically turned itself into a dinosaur. Not knowing that the Fannie Mae/Freddie Mac news is a government buyout of a private firm before making a comment about it is a little like saying that GM is run by the government. The only difference with Palin's comments is that, as the article suggests, they'll go "largely unnoticed by political reporters". Good job media! Way to keep our voters informed. I'd like to also applaud Palin. Way to remind us that like John McCain, you don't understand the biggest domestic issue in the country right now... it's the ECONOMY STUPID!

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