OMG!! John McCain's got this great idea!! Just ask Sarah Palin. You see, what John thought up is this. You know how everyone's worried about their life savings right now? Well, what we could do is create an organization that insures all our bank deposits. That's right!! Its brilliant!! And John McCain thought it up. That's what she told Hugh Hewitt. Follow me after the jump.
At least if you ask Sarah Palin:
John McCain’s got some great ideas on granting authority, for instance, to the FDIC, making sure that our deposits are insured.
John McCain! What a maverick thinker-upper! Me and John, we're a pair of mavericks! Together! [Ed. note: mav·er·ick (noun) a lone dissenter]
Shortly after crediting McCain with the idea of deposit insurance, Palin either remembered the 1933 Glass-Steagall Act creating the FDIC. Or she remembered her talking points. I'll take the latter.
He wants to increase that deposit insurance cap of all of our money, our savings, from $100,000 dollars up to $250,000 dollars, so that families like mine, so that we don’t have to worry about our money being safe or not under FDIC.
Right. Ok, phew. Much Better. But wait. Forget that this is Barack Obama's position. Forget that she'd just said McCain invented FDIC. Here, she gets herself into deeper water.
Earlier in the inverview, she claimed she was an
everyday working class American running for [Vice President]
Now she's worried about her $100,000-$250,000 bank account? Please. US median household income is $48,000/year.
Go back to where you said John McCain invented the FDIC. Sadly, that was better.