Late last week John McCain criticized Barack Obama for his alleged ties to Fannie Mae, a mortgage giant that, along with counterpart Freddie Mac, received a sweeping federal bailout. In a video McCain inaccurately linked Obama to Franklin Raines, who retired four years ago as the CEO of now bankrupt Fannie Mae. McCain also has been hitting Obama for tapping former Fannie Mae CEO Jim Johnson to lead his VP search team, before he was asked to step down.

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• Cheney Gives Palin Nod: From the man who may know best, Cheney says Sarah Palin has no restrictions from being a great vice president. In Italy today, Cheney told reporters that he ''loved'' Palin's speech to the convention, especially tickled by her joke about the difference between hockey moms and pit bulls being a coat of lipstick. He said, ''I thought her appearance at the convention was superb."
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Hookah pipes and the housing crisis? Oh yep, just stuff Congress is spending money on. I'm going to wager you probably don't remember the Great Depression — but Congress gave us a little romp through nostalgia this weekend by passing the biggest rescue package since FDR sat in the Oval Office.

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