Comments on: The Palin “gaffe”: Fannie Mae, Freddie Mac bailouts “expensive”

By: Sultry Beauty

Sultry Beauty — Tue, 09 Sep 2008 20:22:10 +0000

Isn’t it interesting that most of Bush’s mess ups come from relying on the Democrats he choose to be in his Administration as a “Compassionate Conservative”. They rope-a-dope us all the time. It’s a scary thought that we still end up with a viable message and viable candidates. That’s the power of the conservative agenda. Why, oh why, do our candidates feel the need to run from it rather than embrace it. It’s why Sarah is so popular even among Independents. Take notice folks.

By: Heywood U. Reedmore

Heywood U. Reedmore — Tue, 09 Sep 2008 19:59:31 +0000

I wrote about this yesterday. Given that they are GSE's and implicitly guaranteed by the taxpayer, you don't even have to bail them out to say they're too expensive. Here's how I put it:

Stein’s the one who doesn’t get it. His argument is kind of like saying the person who co-signs a home loan shouldn’t be worried about how expensive the house is as long as they’re not making the payments. If the debt is too large for the co-signer to pay-off, then of course it’s too expensive for them.

By: Paul_in_NJ

Paul_in_NJ — Tue, 09 Sep 2008 19:00:40 +0000

Ed, looks like you forgot to include the link to the LA Times article, so here it is.

By: Terrye

Terrye — Tue, 09 Sep 2008 18:18:37 +0000

Bush has been trying to get Congress to increase regulation for these lenders for years. But they just kept putting it off and now they can not just let them collapse. The collateral damage would bury the economy and probably make Obama the next president.

But Palin does have a point, Fannie Mae and Freddie Mac have become a burden and should be fazed out over time.

By: J_Gocht

J_Gocht — Tue, 09 Sep 2008 17:14:19 +0000

Chuck Schick on September 9, 2008 at 12:37 PM

Senator McCain has been straight up with the voters; and all this, while being a veritable money magnet for the RNC. He’s never taken a dirty dime from anyone. This weekend, McCain brandished the Sharpie of Doom, with which he will veto earmarks... Scroll down a bit, to see the Saint and the Sharpie of Doom…! If that’s actually a fact; it’ll be the first time for the Saint. Sooner or later even a 72 year olde may lose his virginity...?

By: mindhacker

mindhacker — Tue, 09 Sep 2008 17:02:37 +0000

Geeze, there are people who have been studying what has been going on at Freddy and Fannie for months on end and I am not sure they even have it all together.

By: J_Gocht

J_Gocht — Tue, 09 Sep 2008 16:42:33 +0000

I’d rather bail out Ford than Social Security and Medicare.
Chuck Schick on September 9, 2008 at 12:19 PM

Yeah Chuck, you and the Round Mound of Mirth and Malice from Palm Beach…

Except; I expect he’d prefer to bail out GM, they pay for advertising on his daily gum bumper.

Perhaps you, he and me will have the privilege of bailing both of their sorry arse‘s out…?

Some fun, Hey!

By: Chuck Schick

Chuck Schick — Tue, 09 Sep 2008 16:37:00 +0000

Top 5 recipients of Fannie/Freddie campaign contributions:

1. Dodd, Christopher J D-CT $133,900
2. Kerry, John D-MA $111,000
3. Obama, Barack D-IL $105,849
4. Clinton, Hillary D-NY $75,550
5. Kanjorski, Paul E D-PA $65,500

http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

By: Chuck Schick

Chuck Schick — Tue, 09 Sep 2008 16:19:41 +0000

Why should we taxpayer’s bail out GM and Ford?

J_Gocht on September 9, 2008 at 10:02 AM

I’d rather bail out Ford than Social Security and Medicare.

By: PattyJ

PattyJ — Tue, 09 Sep 2008 16:11:34 +0000

Do you suppose that the experts they consulted, so critical of Palin, might just be really really liberal? Judge for yourself: CEPR biographies.

By: jukin

jukin — Tue, 09 Sep 2008 16:03:48 +0000

“…my muslim faith” anyone?

By: J_Gocht

J_Gocht — Tue, 09 Sep 2008 14:49:21 +0000

DrSteve on September 9, 2008 at 10:21 AM

Hey Doc, check this.. The 65 mpg Ford the U.S. Can't Have. Ford Introduces 63.6 MPG ECOnetic Diesel Fiesta... Only in Europe. Those bloomin’ geniuses at Ford won’t introduce it here until we gar-on-tee their golden parachutes…! I've got two words for them...!!

By: nyrofan

nyrofan — Tue, 09 Sep 2008 14:35:51 +0000

Lou Dobbs put up a list of Senators that had taken lobbyist money from Freddie Mac and Fannie Mae. Obama was #4, at about $105,000. Of course, Dodd was #1. Maybe that’s why Obama thinks he knows more about it.

By: Sarah Palin’s Gaffe That Never Was

Sarah Palin’s Gaffe That Never Was — Tue, 09 Sep 2008 14:26:17 +0000

[...] Ed Morrissey: First, they operate as private companies, but they’re not. Both Freddie Mac and Fannie Mae have government backing for their operations — which puts taxpayers in the position of co-signer. They have never been a completely private enterprise. [...]

By: Sackett

Sackett — Tue, 09 Sep 2008 14:22:31 +0000

Apparently Palin recognizes that co-signing on a loan is an expensive liability, while Democrats think it isn’t a real expense because we didn’t have to pay anything- until Freddie and Mae went under that is.

That should be Palin’s response if confronted on this- Americans understand what a cosign is and they know exactly how it can bite you in the butt.

By: DrSteve

DrSteve — Tue, 09 Sep 2008 14:21:13 +0000

J_Gocht on September 9, 2008 at 10:02 AM

Finally, we agree on something! I have an ‘07 Civic hybrid that cost me less than the LX trim level would have, and I get between 50 and 53 in it. I wish it had been built in Indiana at the new plant but they only build the hybrids in Japan. I could have paid more for a “hybrid” Malibu (a lovely car, I have to say) to get 34mpg. That’s completely ridiculous. The U.S. automakers aren’t even trying. We’ve led the world in diesel-electric locomotion for 60 years and we can’t sell a Chevy Volt for under $40,000? That’s a head-slapper.

Sorry about the acronyms. HUD policy people are my clients, this is the work I do. Sort of the air I breathe, y’know?

By: Seixon

Seixon — Tue, 09 Sep 2008 14:15:11 +0000

Potentially the most overblown accusation of a gaffe this election season.

By: petunia

petunia — Tue, 09 Sep 2008 14:05:50 +0000

HuffingPost made the gaffe not Palin. They really ought to at least pretend they know how things work before they write things.

By: J_Gocht

J_Gocht — Tue, 09 Sep 2008 14:02:27 +0000

“…Let’s all watch HuffPo closely over the auto industry’s requests for loan guarantees, too — see if they call those “expensive to taxpayers.” DrSteve on September 9, 2008 at 8:32 AM

Why should we taxpayer’s bail out GM and Ford?

If their multi-millionaire executives can’t build the type of cars we want to buy; the board of directors should fire their fat arse‘s and throw them out without any golden parachutes.

I’m fine with a Toyota, Subaru or Nissan. They’re all built in this country.

Why not buy a vehicle that gets great gas mileage and doesn’t cost an arm or leg to maintain. That makes good sense to me.

Our AWD, Subaru, Outback gets 30 miles to the gallon on the road if we drive 55 and has only requires scheduled maintenance; to now have run over 120,000 miles, outstanding!

By: Even when she's wrong, she's right. | Buzz Blog

Even when she's wrong, she's right. | Buzz Blog — Tue, 09 Sep 2008 13:54:26 +0000

[...] Hot Air points out, the taxpayers were on the hook for Fannie Mae and Freddie Mac from the program’s inception. [...]

By: J_Gocht

J_Gocht — Tue, 09 Sep 2008 13:31:36 +0000

DrSteve on September 9, 2008 at 8:32 AM

Very impressive use of acronyms there, Doc…

Please serve up a glossary with your next gem; so my Google button doesn’t wear out…?

Thanks.

By: Moxie

Moxie — Tue, 09 Sep 2008 13:25:38 +0000

right2bright on September 9, 2008 at 8:43 AM

EXACTLY!!

By: Moxie

Moxie — Tue, 09 Sep 2008 13:21:53 +0000

Listen, “regular” liberals don’t get microeconomics so you can be sure that the immature and unsophisticated Obama fans DON’T HAVE A CLUE. It is actually painful to listen to their “arguments” concerning taxes in general.

By: ballz2wallz

ballz2wallz — Tue, 09 Sep 2008 13:10:11 +0000

Palin is smarter than all Democrats!

By: tomas

tomas — Tue, 09 Sep 2008 13:08:49 +0000

The reason they throw all these out is that if a few turn out to be true. They are amplified that much more in this environment. I think it will make the election closer.