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September 8, 2008

Palin's Big Gaffe

-- by Dave Johnson

So Sarah Palin FINALLY speaks. How many days has it been since she was selected as Republican Vice presidential candidate -- and still NO appearances before the press?

So what happens when she DOES speak? It turns out that she knows NOTHING about the biggest economic issue of our time, and gets it completely wrong.

Palin Makes Her First Gaffe,

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.

Go read the rest.

It was unkind to Sarah Palin and to the public for an old man -- who has had melanoma four times -- to select her as running mate and possibly the next President just a few months from now. It was inevitable that this would happen.

Posted by Dave Johnson at September 8, 2008 9:31 AM


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