GOP VP contender Sarah Palin continues to impress. This time, the topic was the long-denied but now obvious bail out of mortgage providers Freddie Mac and Fannie Mae.
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." Sarah apparently didn't know that these companies aren't taxpayer funded at all. They operated as private companies before they tanked. Now, however, this takeover will probably result in a taxpayer bailout during their reorganization.
It's not often that someone is both dead wrong and ass-backwards at the same time. I guess when you're parroting the GOP talking point that all taxes are bad, even when it doesn't apply, it's hard to make sense. Now that your Republican government is in the business of bailing out their key constituency of failed corporations with your hard-earned wages, perhaps taxes aren't so bad after all.
One 72 year old heartbeat away. Wow.
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