Paul Revere by Cyrus Dallin, North End, Boston

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Saturday, October 4, 2008

PALIN GETS IT WRONG. AGAIN!

Well at least she's consistent.

The McCain campaign had to "correct" the assertion she made in Thursday night's debate concerning bankruptcy--an assertion that agreed with the Obama/Biden ticket.

Someone who knows what she's talking about would have understood that what Biden said was completely opposite of what her ticket stands for. Not Sarah "Wink.Wink." Palin. She just smiled and looked real purty. And spoke nonsense.

And her fans loved it.

And her campaign has to clean up the crap she left on the stage. Heh.

ABC News: Palin flub on bankruptcy has McCain camp flailing


As anyone who has followed the foreclosure crisis closely knows, there is currently a loophole in federal bankruptcy law that allows John McCain to protect his second through seventh homes and yachts and planes if he were to declare bankruptcy, but doesn't allow you and me to save our primary residence that we live in. Barack Obama has called for closing this loophole, Joe Biden has called for closing this loophole, and John McCain has defended it to benefit his banker buddies.

So, of course, I was thrilled last night to see Joe Biden press the McPalin ticket on this really important policy distinction, when he suggested that the GOP ticket opposed this important protection for homeowners. When Gwen Ifill pressed Palin on this point of whether she was opposed, she denied it, saying, "No, that is not so."

ABC News has this story this bombshell story up on their Political Radar blog, and the McCain campaign is already backtracking and trying to spin away Palin's answer, but it's revealing a deeper truth.

In reality, Palin didn't know what she was talking about and immediately pivoted to energy, even though she was asked about bankruptcy, just like she did all night. I am glad to see that progressive organizations are in rapid response mode and not going to let them get away with it. ACORN, one of the leading organizations fighting against foreclosure, put out this statement last night, perhaps tongue-in-cheek welcoming her endorsement of their prize bill:

"About 20 minutes into tonight's debate, Governor Sarah Palin demonstrated bipartisan appeal in endorsing Senator Biden's call for bankruptcy protections for primary residences. When Senator Biden called for bankruptcy shelter and suggested that Governor Palin likely opposed those protections, Gwen Ifill asked, "Governor Palin, is that so?" The Governor responded, "That is not so."

Both Senators Biden and Obama have supported the "Helping Families Save Their Homes in Bankruptcy Act", which would close the loophole in current federal bankruptcy law that prevents primary residences from have their mortgages restructured by federal bankruptcy judges. Currently, second homes, seventh homes, and yachts are eligible for such restructuring, but not primary residences that are being lost at a record pace in the current foreclosure crisis.

ACORN welcomes Governor Palin's endorsement of this important provision, and hopes that this high-profile endorsement will encourage Senator McCain to change his mind and support this necessary change to assist America's struggling homeowners.

Delicious. The ABC story includes the always-enjoyable line, "The McCain campaign confirms to ABC News that Palin misstated McCain's position."

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