Skip to comments.WSJ: Palin Addresses Asian Investors
Posted on 09/23/2009 6:00:50 AM PDT by SolidWood
HONG KONG -- Former Alaska Gov. Sarah Palin, in what was billed as her first public-speaking engagement outside North America, blamed the world financial crisis on government excesses and called for a new round of deregulation and tax cuts for U.S. businesses.
"We got into this mess because of government interference in the first place," the former Republican U.S. vice presidential candidate said Wednesday at a conference sponsored by investment firm CLSA Asia Pacific Markets. "We're not interested in government fixes, we're interested in freedom," she added.
On the foreign-policy front, she told the room full of bankers and executives of the importance of the global fight against terrorism and of finding ways to engage China as a global power. She said China "rightfully makes a lot of people nervous."
(Excerpt) Read more at online.wsj.com ...
Has Tina Fey responded yet?
Pray for America
“We got into this mess because of government interference in the first place,” the former Republican U.S. vice presidential candidate said Wednesday at a conference sponsored by investment firm CLSA Asia Pacific Markets. “We’re not interested in government fixes, we’re interested in freedom,” she added”
Yes, let’s let Wall Street run unfettered. It’s worked so well so far.
"See, in order to be self-sufficient (we) must be allowed to develop, to drill and build and climb to fulfill our promise! We can not start believing that government is the answer. It cant make you happy or healthy or wealthy or wise. What can? It is the wisdom of the people and our families and our small businesses and industrious individuals. And it is Gods grace helping those who help themselves." - Sarah Palin, July 26, 2009
Sarah has the left, the DNC, the MSM and the RINOs all in a frenzy wondering what her next move will be...and has them frothing at the mouth in their efforts to discredit her.
But Sarah is now going around the country and the world giving speeches and promoting conservatie principles in the midst of the Obama administration disaster...and gaining great political capital in the process. She will support conservative candidates in 2010 and help them win, amassing much more political capital. She will then take all of that and make an awesome, stunning, and successful run for the Presidency in 2012.
"...like that grizzly guards her cubs, as a mother naturally guards her own. I will keep that vow wherever the road may lead." - Sarah Palin, July 26, 2009
Now, contrast these two photos:
You do know that it was government policies that caused and aggraveted for years the housing market crash and financial crisis?
“We’re not interested in government fixes, we’re interested in freedom,” - Sarah Palin.
This needs to be our battle cry for the next three years!
This woman gets it.
The roots of this was a banking crisis, brought about by Democrat interference with lending practices. Banks cannot sustain themselves if they are making unsound lending decisions based on political correctness. Lending money to people who can't or won't pay it back is insane.
The Democrat's solution" more government regulation of the financial sector.
Government was responsible for housing price bubble and loose monetary policy. Wall Street of course is always an easy scapegoat.
This is where she needs to bring the saner part of the economic populist wing on board.
Holy cow! Someone finally points out the obvious and counters Obama’s repeated lie that too little government had been the cause. (Or, Bush’s embarrassing claim that it was a case of ‘Wall Street getting drunk’.)
Yes, we have a leader, and we can’t have her out there talking about this whole situation soon enough.
PS I really, really hope this is all in her book!
Investors, speculants and bankers are human with moral failings like greed and opportunism. If Government policies actively encourage them to behave risky and damaging, as did the lefty policies of the Democrats and RINOS forcing unsustainable mortgages for “social justice” and “affordable housing”, it is a failure of government. Plus at worst a failure of bankers ENCOURAGED by government.
The government business of Freddie Mac and Fannie Mae and a loose monetary polcy encouraged mistakes and wrong actions by the private sector.
Love this. She's co-opting a phrase that liberals have been appropriating for years, as in "common-sense regulation," "commmon-sense gun control." etc. Who can be against common sense?
What I love is that the WSJ has three articles on her speech—just hours after she made it. The news media can’t deny who’s the news maker.
(Does she end up with more press coverage because she closed it to the press?)
So far? When was Wall Street unfettered? I must have missed it.
“Common sense conservatism” is more common sense than the RINO-inspired “compassionate conservatism”.
Before 1929... :o)
That’s right. What other major politician has made the obvious point of the government forcing the banks to make bad loans?
(If anything, the Pubbie pols in Washington have been eager to sweep the corruption under the carpet because even though the Democrats were responsible for 80% of it, 20% could be tracked back to them.)
That and the Fed’s holding interest rates too low. She’s taken direct aim at both of the (government-created) causes.
Good lines, and I hope she elaborated on that some. It was far more than just the Fed's cheap money policies, but there is no full text of the speech yet so it's not possible to get her fuller take on the financial crisis.
However it is also true that the abuse of leverage on the part of practically every major player in the economy, including the Fed, has become the most deadly threat to America.
Abusive leverage backstopped on the American taxpayer is about as virulent as it gets. FRE and Fannie Mae in particular were Democrat creations that seem to have been designed to destroy the economy while paying Democrats taxpayer money.
The investment banks and the Fed are currently locked in a toxic symbiosis - toxic for taxpayers - which will not end until Congress changes hands, if it does even then. The banks will have to be weaned off 'free' credit or left to die.
I do blame major players in Wall Street: especially 'Government Sachs'. But GS et al didn't get indefinite free credit in a vacuum: they needed the Democrats.
Yes, though as long as it was only people who could afford it dumping their cash into kitchen and bathroom makeovers there was no crisis. Economic inefficiency, but no crisis. It was the bad loans that gave a particularly ill form to the bad Fed policy.
I agree. Home improvement and 2nd mortgages were never the problem. The Bank had the house for collateral and could see a history of payment.
VIDEO: Palin Touts "Main Street, U.S.A." In Hong Kong Speech
Real Clear Politics ^ | September 23, 2009 | Real Clear Politics
WSJ: Palin Addresses Asian Investors
Wall Street Journal ^ | September 23, 2009 | JONATHAN CHENG and ALEX FRANGOS
Palin marks first ever visit to Asia with Hong Kong speech
MarketWatch ^ | Sept. 23, 2009, 6:31 a.m. EDT | MarketWatch
Europeans At CLSA Hong Kong: Sarah Palin was Brilliant Sarah On Obama: Making The Poor Poorer
Citizen Palin 4 President ^
Blame Big Government for Economic Meltdown: Palin
NBC LA ^ | Sep 23, 2009 | Jonathan Cheng
Palin Speaks to Investors in Hong Kong
The New York Times ^ | September 23, 2009 | MARK McDONALD
Palin slams Obama's spending in debut speech in Asia
Breitbart.com ^ | September 23, 2009
Palin emerges in Asia with speech to investors
AP ^ | 9/23/2009 | JEREMIAH MARQUEZ
She is playing it very smart- she is running against big government
(but everyone knows they are one and the same)
I hope she gets rich from speechmaking! And produces tons of quotable material. The RINOs’ heads will explode.
[Yes, lets let Wall Street run unfettered. Its worked so well so far.]
Unfettered means being allowed to fail. I see no evidence of any hands off approach by Bush and certainly not Obama.
They were indeed too big to fail. They should never have been allowed to get that big.
Palin slams Obama's spending in debut Asian speech... [Breitbart.com]
Attacks Fed for Asset Bubbles... [Bloomberg]
Positioning herself as a libertarian? [New York Times]
'We're not interested in government fixes, we're interested in freedom'... [Wall Street Journal]
The problem is that too many in that group are quick to make alliances with the left on nebulous issues of fairness, bipartisanship, protecting the environment, fighting global warming and other nonsense. McCain and Huckabee are two prime examples of those who drift between the sane and the insane wing of economic populism. Worse than William Jennings Bryant, one of the founding fathers of that school, ever did.
True laissez-faire, free market Capitalism means that private business gets both the reward and risk of investing and speculating. A true free Market lets those who made mistakes fail. The tax-money cushion, the “bailouts” that you correctly identify as part of the problem, since they lure banks and speculants to do risky business, are corporate welfare and a deviation from true capitalism. Like a welfare recipient, bankers and speculants will gladly (if they overlook the political strings attached) fall back on the taxpayer cushion.
You correctly identify the problem, but I don’t think that the answer should be called “economic populism”. The answer is a true free market, where government does neither supress private initiative, nor bails them out. Both are the two sides of the etatist coin. Too many of the “populists” correctly see the bailouts as wrong, but fail to recognize that the opposite of the current state is indeed a more laissez-faire capitalism.
I’ve been reading some of the comments, and man, the haters are out in force. Of course, they are regurgitating all the anti-Palin bs that they can think of. One comment stated that none of Sarah and Todd Palin’s kid ever made it out of high school. Someone in there rightfully noted that her eldest daughter is in college. But man, are the libs frazzled.
They are also repeating the crap about her (Sarah) not writing her speech. Of course she did, it’s not like she’s 0. Sure, she had help from other people, but I do expect that she wrote most of it. Unbelievable!