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Economists and analysts pounced on the misstatement, which came before the government had spent funds baling the two entities out, saying it demonstrated a lack of understanding about one of the key economic issues likely to face the next administration.
"You would like to think that someone who is going to be vice president and conceivable president would know what Fannie and Freddie do," said Dean Baker, co-director of the Center for Economic and Policy Research. "These are huge institutions and they are absolutely central to our country's mortgage debt. To not have a clue what they do doesn't speak well for her, I'd say."
Added Andrew Jakabovics, an economic analysts for the progressive think tank, Center for American Progress: "It is somewhat nonsensical because up until yesterday there was sort of no public funding there. Even today they haven't drawn down any of the credit line they have given to Treasury. 'Gotten too big and too expensive' are two separate things. The too big has been a conservative mantra for a while and there is something to be said of that in that they hold about half of the mortgage guarantees that are out there. And in the last year they have been responsible for roughly 80 percent out there. The 'too expensive to tax payers,' I don't know where that comes from."
Even conservative analysts acknowledged that the statement simply did not hold true.
Originally posted by Dock6
Surely Americans can find one semi-sane, half-decent individual out of 300 million ?
Originally posted by bigbert81
That shows a closed mind searching for only things that will secure your own one-sided beliefs.
Originally posted by bigbert81
Amazing seeing through your eyes, RR. You clearly have not been following this as much as you should be if you think Palin has 1 gaffe compared to Obama's 50. That shows a closed mind searching for only things that will secure your own one-sided beliefs.
Perhaps you should see BOTH sides before making up your mind on who to vote for.
Originally posted by Fathom
I didn't find anything wrong with what she said.
Besides...I thought she was just a mouth piece for her speech writers
Originally posted by loam
Can you direct me to her other gaffes?
Originally posted by bigbert81
reply to post by Fromabove
Read the thread please.
I've already covered that.
Originally posted by Fromabove
So... where's the gaffe..?
And how does that compare to "letting the cat out of the bag" by Barak Hussein Obama talking about "my muslim faith" ?
Seems he may be a closet muslim after all....
Hmm....
Must have been a slip of the tongue... Oooops...!