From the debate,
Moderator Gwen Ifill: The next question is…about the subprime lending meltdown. Who do you think was at fault? I start with you, Gov. Palin. Was it the greedy lenders? Was it the risky home buyers who shouldn’t have been buying a home in the first place? And what should you be doing about it?
Palin: Darn right it was the predator lenders, who tried to talk Americans into thinking that it was smart to buy a $300,000 house if we could only afford a $100,000 house. There was deception there, and there was greed and there is corruption on Wall Street. And we need to stop that.
Let me see, the lender was greedy. Okay sure, I buy that. He (or she) wanted that nice commission. But, why isn’t the person buying the house greedy? In Palin’s example the buyer is getting 3 times as much home as he can really afford. Isn’t that the definition of greed?
One thing that Americans do at this time, also, though, is let’s commit ourselves, just everyday American people, Joe Six Pack, hockey moms across the nation, I think we need to band together and say never again. Never will we be exploited and taken advantage of again by those who are managing our money and loaning us these dollars.
Translation: Everyday American people, Joe Six Pack, hockey mom’s, et. al. are stooopid. They didn’t realize that they couldn’t afford a house that was 3x what they could afford.
We need to make sure that we demand from the federal government strict oversight of those entities in charge of our investments and our savings and we need also to not get ourselves in debt.
Again, people are too stooopid to oversee their own investments and savings. Government has to do it for them.
Let’s do what our parents told us before we probably even got that first credit card. Don’t live outside of our means.
What? Did she just suddenly forget what she said second ago? The people decided to live beyond their means and it wasn’t their fault. So what if I get a credit card run it up to the max and can’t pay for it. It was the fault of those predatory credit card companies that made me charge things!
We need to make sure that as individuals we’re taking personal responsibility through all of this.
Uhhh…buuuuut…didn’t she just say we need government to do this?
Sarah Palin is like some sort of random platitude generator. Toss a question at her and soon she’ll start spouting an incoherent stream of platitudes.
Oh well so much for the conservative/Republican belief in free markets. We are all big government nanny-staters now.





