Bloggers Pan Palin’s First Major Statement on Economy

[Joanne98]

Did Gov. Sarah Palin of Alaska know what she was talking about when she made her first major statement on domestic economic policy?

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.

http://thecaucus.blogs.nytimes.com/2008/09/08/bloggers-pan-palins-first-major-statement-on-economy/

[orestes]

1. This is probably why

they keep her away from the press. Yeah, keeping her away might hurt her, but letting her near would probably hurt worse.

[Patsy Stone]

2. Send bigger flash cards!

Or get her some real reading glasses.

[ingac70]

3. Obama must make a commercial of this...

and add McCain's quotes on how he is clueless about the economy.

[nc4bo]

4. Good idea. nt

[Colobo]

8. Definitely.

[Erin Elizabeth]

5. Yep, in fact, Fannie and Freddie HAVEN'T tapped into the taxpayer

funds at all.

That's a HUGE gaffe. I laughed hard when I heard it.

Then felt scared.

:scared:

[Historic NY]

6. Fannie & Freddie sitting in a tree looking for a bailout for free,

& Sarah is dumb as a stump....that is all.

[Palladin]

7. She never was much of a student - apparently flunked out multiple times -

and is just as ignorant of economics as McCain.
Her statement implies she disapproves of what the present Republican administration
has done, yet she can't really explain why. All in all, more hot air directed at the ignorant fundie "base". It's not going to win over any votes, and will only lead to a lack of trust by the business community, which will be fatal. Let her keep on talking, a lot.:dunce:

[krkaufman]

10. I haven't heard that she flunked-out ...

... only that she transferred all around, hitting 5 or 6 colleges in 6 years, to get a degree in journalism -- but with a *minor in poli-sci!

[krkaufman]

9. She really has no idea what Fannie Mae and Freddie Mac are, does she?

Ugh.

p.s. I still think of Bernie Mac whenever typing Freddie Mac. :(

[Binka]

11. Dumber Than A Pail Of Peanuts n/t

[jberryhill]

12. These people think we have a nationalized oil industry too...

Drill, baby, drill

[Marsala]

13. Hmmm....

If they think we do already, then maybe we could get away with ACTUALLY having one. Let's nationalize success instead of failure this time.

Of course, there are probably a billion reasons why nationalizing the oil industry wouldn't work, but it's fun to dream.