Via Sam Stein at the Green Acres Gazette:
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.
In other news, Senator Barack Obama today remarked to a Michigan crowd, "I'm going to burn you all alive with a flamethrower." Obama later explained that he meant to say, "I'm going to give you all free candy for life," and promised that unnamed campaign aides would be chastised. Back to you, Wolf.Posted by Jim Treacher at September 8, 2008 09:54 AM