Sam Stein is wetting his pants with glass that Palin supposedly Made 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.
Well, there’s only one little problem with that whole thing. It was not exactly a gaffe at all. Because now that the United States Government has bailed out Fannie Mae and Freddie Mac, it is going to start costing the tax payers money, not to mention that it will cause housing prices to rise, to cover the bailout. After all, the Government will have to cover that loss.
So, it looks like, while she might have been wrong in the past. In this case, considering what has happened to Fannie Mae and Freddie Mac, Palin was absolutely correct.
Others:
michellemalkin.com, McClatchy Washington Bureau, The Corner, Hot Air
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