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WSJ on Gov Sarah Palin: Sound Political & Economic Instincts, Sophisticated Knowledge of Monetary Policy...This Side of Rep Paul Ryan

Monday, November 08, 2010 0 Responses
Hello Iowa (From Phoenix)
It would be hard to find two more unlikely intellectual comrades than Robert Zoellick, the World Bank technocrat, and Sarah Palin, the populist conservative politician. But in separate interventions yesterday, the pair roiled the global monetary debate in complementary and timely fashion. 
The former Alaskan Governor showed sound political and economic instincts by inveighing forcefully against the Federal Reserve's latest round of quantitative easing. According to the prepared text of remarks that she released to National Review online, Mrs. Palin also exhibited a more sophisticated knowledge of monetary policy than any major Republican this side of Wisconsin Representative Paul Ryan.
Stressing the risks of Fed "pump priming," Mrs. Palin zeroed in on the connection between a "weak dollar—a direct result of the Fed's decision to dump more dollars onto the market"—and rising oil and food prices. She also noted the rising world alarm about the Fed's actions, which by now includes blunt comments by Germany, Brazil, China and most of Asia, among many others. 
"We don't want temporary, artificial economic growth brought at the expense of permanently higher inflation which will erode the value of our incomes and our savings," the former GOP Vice Presidential nominee said. "We want a stable dollar combined with real economic reform. It's the only way we can get our economy back on the right track."
Mrs. Palin's remarks may have the beneficial effect of bringing the dollar back to the center of the American political debate, not to mention of the GOP economic platform. Republican economic reformers of the 1970s and 1980s—especially Ronald Reagan and Jack Kemp—understood the importance of stable money to U.S. prosperity.  […]
Misguided monetary policy can ruin an Administration as thoroughly as higher taxes and destructive regulation, and the new GOP majority in the House and especially the next GOP President need to be alert to the dangers. Mrs. Palin is way ahead of her potential Presidential competitors on this policy point, and she shows a talent for putting a technical subject in language that average Americans can understand […]

In their different ways, Mrs. Palin and Mr. Zoellick are offering a better policy path: More careful monetary policy in the U.S., and more U.S. leadership abroad with a goal of greater monetary cooperation and less volatile exchange rates
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Sarah Palin: Do Wall Street Journal Reporters Read the Wall Street Journal?

Monday, November 08, 2010 0 Responses
Ever since 2008, people seem inordinately interested in my reading habits. Among various newspapers, magazines, and local Alaskan papers, I read the Wall Street Journal.

So, imagine my dismay when I read an article by Sudeep Reddy in today’s Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Here’s what I said: “everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher.”

Mr. Reddy takes aim at this. He writes: “Grocery prices haven’t risen all that significantly, in fact.” Really? That’s odd, because just last Thursday, November 4, I read an article in Mr. Reddy’s own Wall Street Journal titled “Food Sellers Grit Teeth, Raise Prices: Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies.”

The article noted that “an inflationary tide is beginning to ripple through America's supermarkets and restaurants…Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months.”

Now I realize I’m just a former governor and current housewife from Alaska, but even humble folks like me can read the newspaper. I’m surprised a prestigious reporter for the Wall Street Journal doesn’t.
- Sarah Palin

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SarahPAC: Get A Signed Copy of Sarah Palin's America by Heart

Monday, November 08, 2010 0 Responses
Last week, the American people sent a political shockwave through Washington! Conservatives prevailed all over the country and a record number of seats changed hands. A victory like this, for free-markets, limited government, and American exceptionalism, could not have happened without the help of grassroots volunteers, donors, and Patriots like you!
With the generous contributions of our wonderful donors, SarahPAC was able to support many worthy conservative candidates this election cycle. Out of the twenty Obamacare-voting Democrats identified on our Take Back the 20 website, 18 were defeated by conservative candidates with SarahPAC support. We are very humbled to have been a part of this historic wave election and we are confident that the new class of conservatives heading to Washington in January will go on to do great things for their constituents, and our nation.
In the wake of this conservative reawakening, we are excited to be able to give SarahPAC supporters the chance to receive a signed copy of America by Heart: Reflections on Family, Faith, and Flag with each contribution of $100. In this new book, Sarah sheds light on the roots of the faith and values that have shaped her outlook on everything from family to current events and the political world.
The contributions will be used to support our freshly-minted conservative officeholders as well as commonsense conservative candidates in the less visible, but vitally important run-offs, special elections, and off-year races in the coming months and years. Of course, donations of any amount are welcome and greatly appreciated!
Even though we can breathe a sigh of relief now that the People's House has been returned to its rightful owners, we still have a long, difficult road ahead to completely stop the damaging liberal agenda that is still being pushed in Washington.
Thank you for your support and congratulations on this great victory for America and those who love her!
Your Friends at SarahPAC


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