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Sarah Palin (Likable) Vs Hillary Clinton (Un-Likable) in 2012? You Betcha!

Wednesday, November 10, 2010 0 Responses

2008 Candidate Executive Experience:
Sarah Palin: 16 YEARS
Hillary Clinton: ZERO
Barack Obama: ZERO
Joe Biden: ZERO
John McCain: ZERO

In early 2012, President Obama realizes that he can’t possibly win the presidency again. He announces that he will not seek another term because he achieved his goals: health care for all; energy awareness; and expansion of government programs for those in need. He knows he has spent all his political capital on an expansion of American Liberalism not seen since Lyndon Johnson’s Great Society programs. Like Johnson, he makes the announcement early enough to leave the field wide open to would-be candidates. […]
Hillary is elite, North East education all the way. Sarah is state school and thoroughly western. Hillary is a pretty classic pol: U.S. Senate to State Department with plenty of grassroots politicking and top- level experience in-between. Hillary has never seen a box that she didn’t check.
Sarah is identified with only one-state and one office. Whereas Hillary has always completed everything she began in public life, Palin has not. Her political resume includes leaving the governorship halfway through term. But does this mean that Palin is automatically out of contention? No way. […]

Bottom line, Sarah is likable; Hillary is only admirable. And likability trumps all other qualities when it comes to politics. 
Obama once said this to Clinton: “You’re likable enough, Hillary.” These grudging words couldn’t be more prophetic and they’ll come back to haunt her in 2012.
You need to search for likability in Hillary. Whereas in Sarah, you can’t begin to even measure her likability, it’s that enormous. Even if you’re naturally opposed to her, she’s just a hard person to hate.  Ultimately, this likability will be the critical difference. Sarah can always build over her experience and policy gaps, but it is almost impossible for Hillary to build over her “likability” gaps. […]
But the fact is, if this scenario happens, what an election 2012 would be! Throw into the mix Colin Powell, switching parties and running as Hillary’s VP, and Marco Rubio joining forces with Palin. Wow.
Fox News: Clinton Vs. Palin in 2012? You Betcha! By John Tantillo


Gov Sarah Palin: Obama’s Clever Way to Punt the Tough Calls: Driving the Dollar Down

Wednesday, November 10, 2010 0 Responses
Loser on the left - Winner on the right
In his press conference on Monday, President Obama responded to critics of the Federal Reserve’s decision to start a new round of quantitative easing – a fancy term for printing money out of thin air. He claimed this move would drive up U.S. growth rates. He also warned that “the worst thing that could happen to the world economy, not just ours but the entire world’s economy is if we end up being stuck with no growth or very limited growth.”

The latter is certainly true. It would be a global disaster if the U.S. economy remained permanently stuck in the mud. But the same cannot be said of his claim that the Fed’s experiment in pump priming would automatically lead to increased economic growth. By the time this experiment is over, QE will make us queasy.

Will driving the dollar down in this way do anything to boost U.S. exports? The short answer is not really. A weaker dollar will temporarily boost exports by making our goods cheaper to sell; but inevitably other countries will respond in kind, triggering the kind of currency wars economists are warning us about. It’s precisely to prevent this scenario that World Bank President Robert Zoellick recently came out in favor of some new type of gold standard or “international reference point.”  

Will QE2 then at least boost domestic investment? No, again. As I explained in my speech in Phoenix, the reason banks aren’t lending and businesses aren’t investing isn’t because of insufficient access to credit. There’s plenty of money around, it’s just that no one’s willing to spend it. Big businesses especially have been hoarding cash. They’re not expanding or adding to their workforce because there’s just too much uncertainty created by a lot of big government experiments that aren’t working. It’s the President’s own policies that are creating this uncertainty.

The President is an educated man. I would hope that he knows these things as well as you and I do. So why then, if he knows it won’t really boost our exports or our domestic investments, would he still come out in defense of this dangerous experiment? I think the most plausible answer has to do with the debt. As liberal economist Paul Krugman has explained, a little inflation goes a long way towards driving down the value of the enormous national debt Obama has run up. And the higher the inflation, the greater the likelihood he won’t have to take any of the tough decisions needed to bring the deficit back down. In other words, pushing inflation upwards means you can have your cake and eat it too. You can spend all you like and then make the bill disappear by driving down the value of the dollar – buying with one hand the debt your reckless spending is issuing with the other. No need to cut spending, folks, just run the printing presses. It’s a win-win scenario.

Or maybe not. Because I fear there will be plenty of losers if this really happens, not least the millions of Americans who’ll see the value of their incomes and savings eroded. As the chair of the President’s own Debt Reduction Task Force, former CBO director Alice Rivlin explained, this sort of policy is no good. Sooner or later – probably sooner rather than later – it will come back to bite us in the behind. Rivlin warned: “As our debt mounts, the risk grows that our creditors, especially foreign creditors who own half our debt, will lose confidence in our ability to get our house in order and will demand dramatically higher interest rates.” Obviously, that’s even more likely to happen when they figure out that the Fed is deliberately driving down the value of the dollars they already hold. When they do lose confidence, Rivlin explained, that will spell disaster for our economy, “derailing the economic recovery and ballooning the cost of servicing the federal debt.”

If the President was serious about getting the economy moving again, he’d stop supporting the Fed’s dangerous experiments with our currency and focus instead on what actually works: reducing government spending and boosting business investment through good old fashioned supply side reforms (cutting taxes and reducing overly burdensome regulations). Simply running the printing presses in order to avoid paying off your debts is no way for a great nation to behave.

- Sarah Palin


Gov Sarah Palin Cover: The Economists ‘The Republicans Ride In’

Wednesday, November 10, 2010 0 Responses
ONLY four years after the voters sent them packing, handing both chambers of Congress to the Democrats at the 2006 mid-terms, the Republicans are back. Voters then (and again in 2008) decided that Republican policies had blown up the deficit with unaffordable tax cuts, let the banks run wild, dragged America into two costly wars and produced a wretched harvest of stagnant wages, rising job insecurity and soaring health-care costs. Now they seem to have decided that they like Barack Obama and the Democrats even less.
The mid-term elections on November 2nd saw the biggest swing to the Republicans for 72 years (see article). With a few results still to come, they have picked up over 60 seats in the House of Representatives, for a solid majority of at least 50. In the Senate they gained at least six seats, though they will fall short of control there.

From Barack to Boehner
For Mr Obama, the lesson is simple enough: sharpen up, and prepare for a tough two years. Yes, this was hardly an enthusiastic vote for his opponents, more a howl of rage against incumbents from citizens struggling after the worst slowdown since the 1930s. And he has a string of legislative achievements to his name. But plenty of centrists plainly fear that he has drifted too far to the left, that he dislikes business and that he does not understand middle America. He looks a far less competent figure than he did two years ago. With a hostile House and a gridlocked Senate, the chances of passing any big new laws are remote; and Republican victories in crucial swing states such as Florida, Michigan, Ohio and Pennsylvania will make the president’s re-election battle in 2012 a lot harder. If Mr Obama is to win again, he needs to move back to the pragmatic centre of what is still a pretty conservative country. […]
Mr Boehner is from the more sensible end of his party. He is surely aware that American elections are won in the centre. The tea-partiers, for all their energy, threw away at least two Senate seats, in effect, by imposing unelectable oddballs (including a self-confessed ex-witch) in states where Republican victory had been assured. But he will be under pressure to keep his base happy. And there will be the additional distraction of various Republicans, including perhaps Sarah Palin, jockeying for their party’s presidential nomination.
Who wants to live in a town called Nope?
It is easy to tell Speaker Boehner what not to do. Impeaching Mr Obama, for instance, as some of his newer recruits are keen to do, would be a huge mistake: a pointless distraction from far more serious issues. Blocking everything in sight in the hope of denying Mr Obama re-election may work against the Republicans, just as shutting down the government hurt them in 1995 after their last congressional takeover, and helped Bill Clinton to re-election the next year. Sabotaging Mr Obama’s health-care plans, as Republican leaders say they plan to do, is risky as well: the reforms are unpopular, but creating chaos, which is all the Republicans will be able to manage thanks to Mr Obama’s veto pen, could prove even more so.
The Economists: The Republicans Ride In


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