Palin makes her first gaffe. Doesn't even know what Fannie and Freddie do.

To be fair, I understand her crash "Economics 101" course isn't until Thursday. More from Huff Post:

Gov. Sarah Palin made her first potentially major gaffe during her time on the national scene while discussing the developments of the perilous housing market this past weekend.

Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers." The companies, as McClatchy reported, "aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization."

Economists and analysts pounced on the misstatement, saying it demonstrated a lack of understanding about one of the key economic issues likely to face the next administration.

People are so mean to her. Can't they just ask her about snowmobiling and being Miss Congeniality and stuff? (Oh, that's right, she lied about being Miss Congeniality too. Facts are mean.)