Monday, September 29, 2008

The Great Palin Speaks Again, This Time About the Economy

McCain will not share The Great Palin with us all. CNN anchor Campbell Brown has accused the McCain camp of treating Palin like "a delicate flower" for refusing to allow Palin to hold press conferences or field questions from reporters. Nevertheless, The Great Palin has honored us with her insight into the financial crisis. Here is the exchange between The Great Palin and CBS anchor Katie Couric:

COURIC: Why isn't it better, Governor Palin, to spend $700 billion helping middle-class families who are struggling with health care, housing, gas and groceries; allow them to spend more and put more money into the economy instead of helping these big financial institutions that played a role in creating this mess?

PALIN: That's why I say I, like every American I'm speaking with, were ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the health-care reform that is needed to help shore up our economy, helping the--it's got to be all about job creation, too, shoring up our economy and putting it back on the right track. So health-care reform and reducing taxes and reining in spending has got to accompany tax reductions and tax relief for Americans. And trade, we've got to see trade as opportunity, not as a competitive, scary thing. But one in five jobs being created in the trade sector today, we've got to look at that as more opportunity. All those things under the umbrella of job creation. This bailout is a part of that.

Some might call this "nonsense--a vapid emptying out of every catchphrase about economics that came into her head. . . the more Palin talks, the more we see that it may not be sexism but common sense that's causing the McCain campaign to treat her like a time bomb."

Not I, I eagerly await the next great pronouncement of The Great Palin.

How about you?

The Bailout is a Bad Idea, Part V

The following article explains that the financial crisis was not caused by subprime mortgages, but by the enormous liability that insurance companies and financial institutions have for credit default swaps.
It also appears that Treasury Secretary Henry M. Paulson Jr. is trying to bailout his former firm Goldman Sachs. From the article:

"Although it was not widely known, Goldman, a Wall Street stalwart that had seemed immune to its rivals’ woes, was A.I.G.’s largest trading partner, according to six people close to the insurer who requested anonymity because of confidentiality agreements. A collapse of the insurer threatened to leave a hole of as much as $20 billion in Goldman’s side, several of these people said.

Days later, federal officials, who had let Lehman die and initially balked at tossing a lifeline to A.I.G., ended up bailing out the insurer for $85 billion."

Can you say conflict of interest.

Don't forget that in the first draft Paulson demanded that Congress forbid judicial review of his decisions on use of the money in the bailout. Not only would his decisions be beyond review but so would the actions of his pals in the banking world.

Paulson should be removed from office. And there should be no bailout until he is removed.

The Great Palin Makes Former Beauty Queens Proud

The National Review was founded by the late author William F. Buckley, Jr. and describes itself as "America's most widely read and influential magazine and web site for Republican/conservative news, commentary, and opinion." It is usually considered the center of intellectual activity for the American Conservative movement in the twentieth century. But on Friday,Kathleen Parker, a nationally syndicated conservative columnist, suggested that The Great Palin quit. How dare she!! Parker wrote in her op-ed found at the National Review:


"As we've seen and heard more from John McCain's running mate, it is increasingly clear that Palin is a problem. Quick study or not, she doesn't know enough about economics and foreign policy to make Americans comfortable with a President Palin should conditions require her promotion. . .

Palin didn’t make a mess cracking the glass ceiling. She simply glided through it.

It was fun while it lasted.

Palin’s recent interviews with Charles Gibson, Sean Hannity, and now Katie Couric have all revealed an attractive, earnest, confident candidate. Who Is Clearly Out Of Her League.

No one hates saying that more than I do. Like so many women, I’ve been pulling for Palin, wishing her the best, hoping she will perform brilliantly. I’ve also noticed that I watch her interviews with the held breath of an anxious parent, my finger poised over the mute button in case it gets too painful. Unfortunately, it often does. My cringe reflex is exhausted.

Palin filibusters. She repeats words, filling space with deadwood. Cut the verbiage and there’s not much content there. Here’s but one example of many from her interview with Hannity: “Well, there is a danger in allowing some obsessive partisanship to get into the issue that we’re talking about today. And that’s something that John McCain, too, his track record, proving that he can work both sides of the aisle, he can surpass the partisanship that must be surpassed to deal with an issue like this.”

When Couric pointed to polls showing that the financial crisis had boosted Obama’s numbers, Palin blustered wordily: “I’m not looking at poll numbers. What I think Americans at the end of the day are going to be able to go back and look at track records and see who’s more apt to be talking about solutions and wishing for and hoping for solutions for some opportunity to change, and who’s actually done it?”

If BS were currency, Palin could bail out Wall Street herself.

If Palin were a man, we’d all be guffawing, just as we do every time Joe Biden tickles the back of his throat with his toes. But because she’s a woman — and the first ever on a Republican presidential ticket — we are reluctant to say what is painfully true.

What to do?

McCain can’t repudiate his choice for running mate. He not only risks the wrath of the GOP’s unforgiving base, but he invites others to second-guess his executive decision-making ability. Barack Obama faces the same problem with Biden.

Only Palin can save McCain, her party, and the country she loves. She can bow out for personal reasons, perhaps because she wants to spend more time with her newborn. No one would criticize a mother who puts her family first.

Do it for your country. "

This column is conservative heresy. (NOTE: Heresy means dissent or deviation from a dominant theory, opinion, or practice, an opinion, doctrine, or practice contrary to the truth or to generally accepted beliefs or standards.)

I know you agree with me that The Great Palin is making former beauty queens everywhere very proud!