Palin Passed on What Might Have Been a Lethal Shot

I thought Gov. Palins performance last evening was masterful, but I confess I did cringe once when the subject of the financial mess came up. Sen. Biden, true to Democrat talking-points, tried to blame the failure of Fannie Mae and Freddie Mac on Republican efforts to relax regulatory oversight. Anybody with just a minimum of understanding knows that to be false, but Gov. Palin’s response was to blame the problem on “greed on Wall Street.” Well, she is wrong, too, and I believe she knows the truth but, following McCain’s lead, declines to voice it in the name of civility and “congressional congeniality.”

The following reports from Fox News concisely place the blame where it belongs—on congressional Democrats and their wealthy cronies. The folks charged with overseeing operations at Fanny and Freddie refused to listen to warnings, choosing instead to reward those responsible for the failed policies, and also helping themselves to a nice piece of the graft for all their trouble.





Democrats are going to continue to try to hang the failures in the lending markets on Republicans, and this may be their most effective stategy, as polls over the past two weeks have shown. Gov. Palin could have (and should have) shot that boat out of the water if only she had been willing to state the facts and call out the Dems on their years of corruption and malfeasance. Barney Frank, Christopher Dodd, Barrack Obama, Jamie Gorelick, Nancy Pelosi and Harry Reid are names of only a few of those who could have acted to prevent the financial meltdown but were busy sucking the teats of the bloated sows called Fannie and Freddie.