I could be wrong, but what she said sounds like she subscribes to Replacement Theology:
http://en.wikipedia.org/wiki/Replacement_theology
She can't be faulted for her religious beliefs; however, one has to wonder why an individual would want to say that which is very politically incorrect in the U.S. nowadays (it's not the 1930's)?
I would believe there is a big voting constituency that subscribes to Replacement Theology. Bush won with the help of the Evangelical Christian vote. I'd guess the non-Evangelical Christian vote (aka Replacement Theology) is not to be sneezed at either, so to speak.