Palin Fails on Fannie, Freddie

Okay, so Sarah Palin may not know what Fannie Mae and Freddie Mac do.

Palin’s Bailout Statement Raises Questions

When asked about the proposed bailout of Fannie and Freddie, Sarah Palin responded:

They’ve gotten too big and too expensive to taxpayers. The McCain-Palin administration will make them smaller and smarter and more effective for homeowners who need help.

Which is funny, because Fannie and Freddie have never received a dollar of tax money; they are a publicly traded company. Defenders of Palin have argued that what she MEANT was that they would cost tax payers money if we bail them out. However, let me bust out my eighth grade grammar skills and decipher the word "they've" to mean "they have", and since have is the past tense form of has, and the bailout takes place in the future...Sarah Palin think Fannie Mae and Freddie Mac are government programs. So go ahead Sarah, make them smaller and more effective, but since you and John McCain oppose government regulation of private companies that may be tough.