Sarah Palin has memorized just enough talking points from McCain’s crack economic team of Phil Deregulator Gramm, Holz-BlackBerry-Eakin and CEO expert Carly (oops! where’d she go?) Fiorina to make herself look silly while rewriting economic history.

Palin never blinked once in delivering these gems from last night’s interview with Fox News’ Hannity, (h/t The Swamp):

1. Apparently, Sarah Palin is the only person in America who thinks the crisis was caused by FDR’s New Deal:

"Look at the oversight that has been lacking, I believe, here at the 1930s type of regulatory regime overseeing some of these corporations,” she says.

This means McCain economic advisor Phil Deregulator Gramm hasn’t told her that he wrote and McCain voted for the legislation that repealed the New Deal safeguards and excused from regulation the same Wall Street financial power houses that we’re now having to bail out. And then McCain’s lobbyists protected the deal.

2. McCain said Monday we need a 9/11 commission to examine what went wrong and how to fix it. But Palin says Johnnie McCame Lately already has a plan:

"When we see the collapse that we’re seeing today,” Palin says, "you know that something is broken and John McCain has a great plan to get in there and fix it."

3. Palin memorized the McCain coverup for his umpteen statements that the "fundamentals of the economy are sound," but couldn’t stop:

"Well, it was an unfair attack on the verbiage that Senator McCain chose to use because the fundamentals, as he was having to explain afterwards, he means our workforce, he means the ingenuity of the American people. And of course, that is strong and that is the foundation of our economy.

"Certainly it is a mess though, the economy is a mess . . . a toxic waste there on Wall Street, affecting Main Street. And we’ve got to cure this."

There you have it. Economic straight talk from McCain/Palin:

"The Economy is a Mess; FDR Broke It; Four More Years!"

Obama said: "It’s time for them to own their failures." Chris Matthews agrees.



John has been writing for Firedoglake since 2006 or so, on whatever interests him. He has a law degree, worked as legal counsel and energy policy adviser for a state energy agency for 20 years and then as a consultant on electricity systems and markets. He's now retired, living in Massachusetts.

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