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Palin: Regulatory system needs 'complete overhaul' .....(Good video at link)
NECN.com ^ | Mon 15 September 2008

Posted on 09/15/2008 9:07:33 AM PDT by IrishMike

Republican vice presidential nominee, Alaska Governor Sarah Palin, addressed the problems with the U.S. economy during a campaign stump in Golden, Colorado this morning.

"This crisis is an issue of real concern for the people across this great country. It's taking a toll on this economy...I'm glad to see that in this case the Federal Reserve and the Treasury have said "no" to bail out another one -- this time Lehman Brothers," said Palin.

"This crisis happened for several reasons, which have to be addressed right now. Our regulatory system is outdated and it needs a complete overhaul. Washington has ignored this. Washington has been asleep at the switch," said Palin.

"John McCain and I are going to put an end to the mismanagement and abuses in Washington and on Wall Street that have resulted in this financial crisis. We are going to reform the way Wall Street does business," said Palin.

(Excerpt) Read more at necn.com ...


TOPICS: Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: economicpolicy; lipstick; mccainpalin; palin; sarahpalin
Great video at link..........
1 posted on 09/15/2008 9:07:34 AM PDT by IrishMike
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To: IrishMike

Yes they do, end all potential for bail outs so banks realize they are never to big to fail. The corner has a story that AIG turned down private equity because they want a bail out. This needs to end.


2 posted on 09/15/2008 9:13:38 AM PDT by Conservative Actuary
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To: IrishMike

Good to see Saracuda out in front of this, because Obama and his minions in the drive-by’s will attempt to hang a market correction on McCain and Bush.


3 posted on 09/15/2008 9:13:50 AM PDT by Senator Goldwater
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To: IrishMike

I thought she was very good! Really connected with the people there, imo.

4 posted on 09/15/2008 9:16:33 AM PDT by rvoitier ("I'll see you at the debate, bitches!" ~~ Paris Hilton, '08 Campaign)
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To: IrishMike
The problem in Wall Street is because of government interference. More government regulation is not the answer, but rather less.
5 posted on 09/15/2008 9:17:32 AM PDT by MaestroLC ("Let him who wants peace prepare for war."--Vegetius, A.D. Fourth Century)
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To: IrishMike
Dear Gov Palin,

Bring back Glass-Steagal!

... and keep up the good work.

6 posted on 09/15/2008 9:18:14 AM PDT by pgyanke (Public "servants" have decided it's their job to use the public's money to fight the public)
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To: IrishMike

Saw her speech in Golden CO today. She was on fire.


7 posted on 09/15/2008 9:20:39 AM PDT by Old Retired Army Guy (tHE)
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To: IrishMike
Rush is talking about this. All of the economic problems stem from government-regulated businesses and what's going on right now is a correction. The free market was tampered with, he said.

We got regulatory laws that date back to the Depression. They're weighing out economy down.

8 posted on 09/15/2008 9:26:45 AM PDT by Extremely Extreme Extremist
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To: MaestroLC
Did you hear, the proposed source of the sudden huge increase cost of a barrel of oil was actually Saudi manipulation that worked? They raised the price of a barrel of oil to make money, then they took that money and went to wall street and bought lots of oil stocks ... the price rose on, then sold made a profit, so they bought more stock raised the price of a barrel of oil again, and repeated the whole process, until we had $150+ per barrel.

Now this may be legal ... but there needs to be some way to prevent other governments anti to the U.S. from manipulating our WS system enough to bring down our economy the way it has.

Sorry ... it was on a TV program last week or so. I do not remember the source exactly.

9 posted on 09/15/2008 9:32:43 AM PDT by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
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To: Conservative Actuary

“Yes they do, end all potential for bail outs so banks realize they are never to big to fail. The corner has a story that AIG turned down private equity because they want a bail out. This needs to end.”

Partially true. The real reason they need a bailout it that it’s impossible for them to raise private equity. They have
nothing left of value. Private sector won’t touch them..look
for them to crash. WaMu will also go down before the end of the week.


10 posted on 09/15/2008 9:34:24 AM PDT by OregonRancher (Some days, it's not even worth chewing through the restraints)
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To: IrishMike

WHile Obama’s campaign is all about “McCain is lying about us” and “Wall Street Problems are all Bush’s fault”, the McCain/Palin campaign is offering solutions to the problem.

Solutions that involve DOING things, not just “fix the problem by voting Democrat”.


11 posted on 09/15/2008 9:35:11 AM PDT by CharlesWayneCT
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To: IrishMike

She nails it.

And with more energy than any stuffed shirt on the other side of the aisle. Go Sarah!


12 posted on 09/15/2008 9:37:53 AM PDT by SueRae
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To: Extremely Extreme Extremist
The Democrats have been running the government for the last two years. The undermining of Fannie and Freddie, and the soon to be bankrupt Lehman Brothers, is all directly tied to government promoting and guaranteeing loans for people who are financially unstable.

As Rush said. Wait until SocSec and Medicare go bankrupt.

13 posted on 09/15/2008 9:39:00 AM PDT by Reagan Man (McCain Earned My Vote --- With Palin on the ticket, MOST conservatives should be satisfied.)
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To: pgyanke

That would be a good idea but there needs to be a transparent way for money transfers in and out of equity institutions when you buy and sell stocks.


14 posted on 09/15/2008 9:40:19 AM PDT by RayChuang88
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To: Extremely Extreme Extremist

I like the fact Rush is pointing out the PEOPLE WHO CREATED THE BUREACRACY are making PERSONAL fortunes on this.


15 posted on 09/15/2008 9:43:27 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: IrishMike

McCain having a “rally” in Orlando and he is pathetic. “Crisis” on Wall St. and economy. But instead of blaming Chris Dodd, Charles Rangel and Barney Frank, and talking about Obama’s allies who headed up Freddie and Fannie, he is talking about CEO pay and immigration reform. Awful. No wonder nobody is clapping.


16 posted on 09/15/2008 9:50:20 AM PDT by montag813 (www.BoycottUsWeekly.com | Fight the Smears)
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To: montag813
McCain having a “rally” in Orlando and he is pathetic.

So, what you're saying is, "no change".

17 posted on 09/15/2008 9:55:05 AM PDT by Prokopton
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To: montag813

McCain is going after swing voters, not base voters. Having said that, explaining how top executives at Fannie, Freddie, and these other Wall Street financial firms are joined at the hip with powerful Democrats in Congress — and how they have therefore benefited personally despite running their companies into the ground — plays perfectly into the McCain-Palin “reform Washington” message. From a strategic and tactical political perspective, I think it is better for Sarah Palin to make these points than John McCain.


18 posted on 09/15/2008 9:58:41 AM PDT by kesg
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To: IrishMike

Don’t expect regulatory reform from Congress. All they’d do is add to the pork barrel. To the extent possible, it should come through the Executive branch.


19 posted on 09/15/2008 10:04:44 AM PDT by popdonnelly (I'll tell you a little secret: we're smarter and more competent than the Left.)
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To: IrishMike

I wish she and McCain would look at the impact of onerous environmental and other regulation on small business. The process takes years and is killing our industry. Along with oil, we now buy almost all of our raw materials from other countries. The costs of regulation, as well as the time and bureacracy involved in going through the process of getting various permits is unreasonable and stifling. It is not all state. The feds do their share under the Endangered Species Act, Clean Water and Air Quality Acts - not to mention all the stuff they impose through the interstate commerce act.

It has gotten so that the integrity and value of private property ownership has seriously been impacted by regulation and uncompesnated regulatory takings. President Reagan knew this and was a real champion of private property rights and the Fifth Amendment.


20 posted on 09/15/2008 10:06:45 AM PDT by marsh2
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To: IrishMike

Something I’ve noticed...

Listening to all of the speeches on both sides,
Only Sarah completes our nation’s name.

Everyone else merely says; “...of the United States.”

Sarah completes it by saying; “...of the United States of America.”

Might be silly, but it is important to me.
Maybe others too.


21 posted on 09/15/2008 10:48:15 AM PDT by woollyone ("When the tide is low, even a shrimp has its own puddle." - Vance Havner)
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To: Senator Goldwater

Yep, I agree. I hope McCain continues to put her out there. Even though I think a decision has been made by Onada for both him and Biden to ignore her, the MSM can’t if she is the only Pubbie campaign news out there on a given day. She obviously is comfortable speaking in front of a crowd, she’s easy to look at, and she keeps her message focused and simple. Hard combo to beat. Despite Onada’s so-called eloquence, he is a bumbling speaker compared to her. Biden is just the old samo samo.


22 posted on 09/15/2008 10:56:23 AM PDT by dools007
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