James Pethokoukis

Politics and policy from inside Washington

Palin explained, kind of …

Jul 4, 2009 13:26 UTC

I think this hunk by Mark Halperin on Sarah Palin’s resignation is pretty good:

1. This means she can’t run for president in 2012.

2. She would have been a stronger candidate for 2012 if she had stayed in office.

3. Republican primary and caucus voters in 2012 will care if she served out her term or not.

4. This means she is definitely running in 2012.

5. Making the announcement on the Friday of a holiday weekend was really stupid.

6. Until today, Palin was well positioned to run in 2012.

7. Palin made the decision not to run for re-election all of the sudden.

8. Palin’s rhetoric about the politics of personal destruction was not heartfelt.

9. Palin’s ambition is limited to electoral politics.


All she ever was was a political ploy used by an old man trying to be president; without the 100% hand-of-GOP directing her every move, she showed her true colours, and they were not at all impressive or competent. I suppose it does show one thing though – that she was not lyng when she compared herself to a hockey-mom… that’s really about all she is. Just an average person who was thrust in the spotlight because she had the right ‘look’. I desperately hope this is the last we hear of her. The farright in America seem to think that average Joes and Janes need to be in positions of power. I, humbly, disagree WHOHEARTEDLY!!! What an insane approach to politics… I suppose this is wasted typing time, as so many vote down partylines, regardless of who they’re voting for.

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Deflation nation

Jul 4, 2009 12:43 UTC

From David Goldman at Inner Workings:

An aging population increases its purchases of securities and decreases its purchases of goods as it saves for retirement. Americans have saved nothing for the past ten years, and the capital gains that they considered savings-substitutes have vanished. That means that an enormous savings deficit accumulated over more than a decade has been exposed, and that Americans must attempt to correct it quickly and under the worst of circumstances. That creates a deflationary shock that a few trillion dollars’ worth of stimulus cannot begin to mitigate. America may have the worst of both worlds: currency devaluation AND price deflation, as in the 1930s.