While trying to sound as though she has even a modicum of national experience, Palin complained in a recent speech that mortgage lenders Fannie Mae and Freddie Mac have become “too expensive to the taxpayers.” In fact, the two government-sponsored enterprises do not use taxpayer money–at least they didn’t until this weekend’s bailout, which Palin was advocating at the time of her misstatement, and which could end up costing taxpayers a bundle.

The housing market crisis has been THE economic issue for what, like two years now? And Palin doesn’t know the most basic facts about how Fannie and Freddie work? What was it Giuliani once said about the White House not being the place for on-the-job training?