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I wouldn't classify Obama buying four cartons of cigarettes per week at the local 7-11 economic experience and his interaction with the Indian counter clerk foreign policy either.
I have no plans to vote for McCain/Palin, but can somebody please explain to me why you would want them to run anything? He doesn't understand the economy and she understand even less...
"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." http://www.huffingtonpost.com/2008/0..._n_124792.html
You were home schooled, Right?
$700,000,000 set aside to bail out the two GSEs is not expensive? If they use any part of it it's too much for my taste.
I do want to thank you for your post. If that's all Huff, Salon and the rest of the socialist media can come up with, things are going great for the McCain/Palin campaign.
Do me a favor, next time please include more of the actual statement that was made. When all I see is part of a sentence, I tend to think you're full of HS. I understand you're just posting whatever crap Huff has for us. But a little more effort on your part might make you look like less of a hack.
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."
Economists and analysts pounced on the misstatement, saying it demonstrated a lack of understanding about one of the key economic issues likely to face the next administration.
"You would like to think that someone who is going to be vice president and conceivable president would know what Fannie and Freddie do," said Dean Baker, co-director of the Center for Economic and Policy Research. "These are huge institutions and they are absolutely central to our country's mortgage debt. To not have a clue what they do doesn't speak well for her, I'd say."
But Palin is right! Fannie and Freddie are too big, and they have become very expensive to bail out. McClatchy, HuffPo, and Baker are all blowing smoke.
Update: Spruiell has more.
Yep. Community organizer. Harvard Law Degree. 10 years, more or less, as Professor of Constitutional Law at the University of Chicago Law School. Several years as a state senator, then U.S. senator.
Palin? B.A. in Journalism (after several years and several low-ranking colleges). Local newscaster in Alaska. Mayor of a city that has 1/3 more people than my high school had. Less than 2 years as governor of a state that has fewer people than the Boston metropolitan area. Guilty of ethics violation.
The choice is clear.
Please explain to how a LAWYER that has NEVER run a damn thing knows jack**** about the economy?
Why do we keep posting the same threads again and again? This has already been discussed.
As Governor of ALASKA, the state is not greatly affected by the crisis. Alaska does not have sales tax. Alaska provides healthcare for all children. If the parents can't afford healthcare, they can have the state provide if they choose this. The people of Alaska get revenue from the ALASKA permanent fund.
ONE EXAMPLE FOR MCCAIN:
IN 2005-6, MCCAIN said we need to regulate Fannie Mae/Freddie Mac and a reform is needed. THIS WAS BLOCKED BY DEMOCRATS AND OBAMA.
GovTrack: Senate Record: FEDERAL HOUSING ENTERPRISE REGULATORY REFORM... (109-s20060525-16)
http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16 (broken link)
McCain said---
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
But to hear Bill Clinton tell it, the Democratic nominee didn't quite have a handle on the situation himself.
"I haven't cleared this with him and he may even be mad at me for saying this so close to the election, but I know what else he said to his economic advisers (during the crisis)," Clinton told the crowd at a Wednesday night rally with Obama in Florida. "He said,'Tell me what the right thing to do is. What's the right thing for America? Don't tell me what's popular. You tell me what's right -- I'll figure out how to sell it.'"
OBAMA DOES NOT KNOW ECONOMY AT ALL!!!! HE IS A SALESMAN!!!
Why do we keep posting the same threads again and again? This has already been discussed.
As Governor of ALASKA, the state is not greatly affected by the crisis. Alaska does not have sales tax. Alaska provides healthcare for all children. If the parents can't afford healthcare, they can have the state provide if they choose this. The people of Alaska get revenue from the ALASKA permanent fund.
I think it's a pretty safe assumption that Obama is smarter than Palin and going by that I am assuming he is more well versed on economics (macro and micro) than her.
Either way isn't this very reason why presidents sorround themselves with experts in the field?? Kinda like a CEO.?
Alaska is a state that is AWAY from everybody. Everything is shipped there even their fuel. The fuel comes from the 48 states so the price is high and they compensate the residents for this using the Fund that was established in 1976.
Alaska is a state that is AWAY from everybody. Everything is shipped there even their fuel. The fuel comes from the 48 states so the price is high and they compensate the residents for this using the Fund that was established in 1976.
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