That's a hilarious read. Every site that strives to be neutral should keep a list like that.
Yeah, there's no journalistic standards over there (and granted I don't think they ever claimed otherwise). Snopes tries to be a debunker, but for political matters, it'll just be debunking in favor of whoever wrote the particular article.
Great for chain letters and virus alerts, but there are probably better places to find out the truth behind the latest political outrage circulating among your friends.
http://www.snopes.com/info/notes/politics.asp