Palin's Expertise, vol 1

It took Sarah Palin six years and five colleges to earn her degree so perhaps it's not surprising that she knows nothing about the biggest financial news of the day, the federal bailout of Fannie and Freddie. At a rally yesterday Palin said that they had “gotten too big and too expensive to the taxpayers.” The companies, however, aren’t taxpayer funded but operate as private companies. Which is part of the reason that they're in such a mess.

Monday, September 8, 2008