Posted by Dave on 09/08/08 at 11:46:44 am
Categories: Economy, Campaign 2008

Sarah Palin is not ready to be the Vice President of the United State:

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."

Huh?

In case you are confused, let me explain. Fannie Mae and Freddie Mac are two lenders that are privately held. They are NOT funded by tax payers. They are being taken over by the Federal government. Ironically, they will know now BECOME tax payer funded.

How is it that someone running for Vice President for a major political party does not have a clue about the Fannie Mae and Freddie Mac situation, a major economic issue that this is country is facing??

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