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GAFFE WATCH….Sarah Palin, peeking out from a thicket of pre-scripted talking points in Colorado Springs, goes off message briefly and explains what went wrong in the home mortgage market:

The fact is, Fannie Mae and Freddie Mac, they’ve gotten too big and too expensive to the taxpayers.

A gaffe! But how does it measure up? On a technical basis, I’d say it’s impressive. Until now, Fannie and Freddie haven’t cost the taxpayers a dime and their current problems aren’t really related to their size either. This leaves only a few conjunctions and proper names as sensible parts of this sentence.

On artistic merit, however, the judges have to score this one for Palin. Nobody cares about the minutiae of how GSEs work, after all, and liberal attacks on this score are almost certain to backfire because (a) we’re obviously harrassing her unfairly over trivia because she’s a small town mom and (b) we’re just trying to show off how smart we are. Besides, as Palin said, John McCain is in favor of “reforming things,” so he’s obviously the right guy to tackle whatever problem it is that Fannie and Freddie suffer from. For liberal critics, then, there’s no there there.

Actually, what’s really impressive about this is that even though Palin obviously didn’t know what she was talking about, she managed to dig smoothly into the standard movement conservative playbook to say something pleasing to the base anyway. Got a problem? It must be government’s fault! Something somewhere got too big and too expensive and conservatives need to rein it in. Nice work.

Anyway, I’m sure more like this will crop up soon. In the meantime, though, I’ll be a little quiet for the rest of the afternoon because the U.S. Open is um, I mean, because I have some important research to do for an upcoming article. Yeah. That’s what I meant.

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

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