Apparently I Spoke A Little Too Soon

Earlier today I wrote a post from the viewpoint that we need not be so reactionary towards Sarah Palin.  She’s not the top of the ticket, she doesn’t necessarily warrant the attention.

But when she’s flat out wrong, and says something that hints at her lack of ability to be the vice president, well, I guess that’s worth mentioning.

Sam Stein at Huffpo calls it her first gaffe; Palin in a campaign event essentially stepped on herself by implying that the two mortgage giants Freddie Mac and Fannie Mae have been a burden on tax payers.  Of course, they haven’t, you know, not having been taken over by the government until, just now.

Okay, look, I’m not going to pretend that I understand this stuff.  I don’t, but I expect both Vice Presidential and Presidential candidates to.  Especially when the economy is looking to be the number one issue facing voters this fall.

Lot’s of people are concerned about the economy, and they are concerned about their mortgages, and when one of the candidates on a major party ticket proves that she doesn’t have the slightest understanding of what’s going on, well, that’s a big deal.

Steve Benen’s pretty much on point:

In all likelihood, Palin doesn’t know much about Fannie Mae and Freddie Mac, and hadn’t been briefed properly on her position on housing policy.

How embarrassing is this likely to be? My hunch is, not very. Plenty of reporters noted Palin’s quote, but practically all of them omitted any reference to her confusion. For that matter, most Americans probably don’t know that much about Fannie Mae and Freddie Mac, either.

But it doesn’t exactly inspire confidence in her policy expertise, either. If there are voters questioning Palin’s readiness for national office, flubbing housing policy in the midst of a foreclosure crisis, at a minimum, doesn’t help.

John McCain admits that he doesn’t know as much about the economy as he probably should, and he selects a running mate who thinks that Fannie and Freddie have been government entities this whole time.  Isn’t a vote for them BEGGING to be an economic disaster?

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