Last night in the middle of the debate, Gwen Ifill asked Palin about her running mate's support of allowing bankruptcy judges to rewrite mortgage payments on people's first homes. Biden called out McCain's opposition to helping homeowners (particularly those unlike him that only own one house). Palin didn't want her side to come off as mean and uncaring of the millions who are threatened by foreclosure on their homes so she quickly lied and ran away from the question.
From ABC News:
Sarah Palin got her facts wrong in Thursday's debate with Joe Biden when discussing where John McCain stands on new protections for homeowners facing foreclosures.
The Alaska governor incorrectly made it sound like McCain supports giving bankruptcy judges the power to rewrite mortgage payment terms on first homes.
He doesn't.
Joe Biden did what he did best in the debate and went after John McCain and his failed policies. His adversary across the stage clearly showed that she was way out of her league when it came time to defend her man McCain:
"[W]e should be allowing bankruptcy courts to be able to re-adjust not just the interest rate you're paying on your mortgage to be able to stay in your home, but be able to adjust the principal that you owe, the principal that you owe," said Biden. "That would keep people in their homes, actually help banks by keeping it from going under.
"But John McCain, as I understand it," he continued, "I'm not sure of this, but I believe John McCain and the governor don't support that. There are ways to help people now. And there -- ways that we're offering are not being supported by -- by the Bush administration nor do I believe by John McCain and Governor Palin."
"Governor Palin, is that so?" asked PBS' Gwen Ifill.
"That is not so," said Palin, "but because that's just a quick answer."
Sarah was pretty good at running from questions she didn't have a clue on and if there's something to give her credit for, it was this. Meanwhile back in reality, homeowners with plummeting home values that can't afford their mortgage payments have nowhere to go, that is until they lose their home to foreclosure and the banks are given a free pass and a $700,000,000,000.00 check.
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