A Pride in Ignorance
McCain’s running mate, Alaska Gov. Sarah Palin, speaking in Colorado Springs, Colo., said Fannie and Freddie had “gotten too big and too expensive to the taxpayers.” The companies, however, aren’t taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization.
C’mon. Let’s give Sarah Plain&Scripted a break on this. After all, it’s not like Fannie Mae and Freddie Mac have been in the news lately.
Seriously, this is the same pride in ignorance we’ve seen from George W. Bush.
