Palin sees U.S. economy as “sinking ship”
“It’s very noble of President Obama to want to stay at the helm and maybe go down with this sinking ship,” said Palin, who herself resigned as Alaska governor in 2009 with more than a year left in her first term.
“I prefer, many Americans prefer, that we start plugging the hole, that we start powering the build pump and start getting rid of this unsustainable debt that is sinking our ship. We don’t have to go the way of the Titanic,” Palin said in a Fox News interview.
Economic woes are a big political challenge for President Barack Obama as he competes for reelection in 2012. In his weekend radio and Internet address, Obama warned “there will be bumps on the road to recovery.” His warning came after new government data showed unemployment rose to 9.1 percent in May.
Palin, the 2008 Republican vice presidential nominee, said the United States needed to turn in another direction, away from what the Obama administration has offered.
“Their plan for bigger government, more federal control over our private sector, more regulations and burdensome mandates on the people and our businesses, it’s not working and we do need to shift gears and change course,” she said.
Asked what President Palin would do, she said: cut the federal budget; cut spending; cut the corporate tax rate; and “unleash” domestic energy production opportunities.
“It does come down to ‘drill, baby, drill,’ ” she said.
Photo Credits: REUTERS/Gary Hershorn (Palin boards her bus in NYC) REUTERS/Brian Snyder (Palin in Seabrook, New Hampshire)