Palin’s take on S&P downgrade
“Many commonsense Americans like myself saw this day coming,” Sarah Palin says of the Standard & Poor’s downgrade of the U.S. credit rating and the fallout in the markets.
In what reads like an economic policy statement, the former Alaska governor and possible presidential candidate says she is “surprised that so many people seem surprised by S&P’s decision.”
“Weren’t people paying attention over the last year or so when we were getting warning after warning from various credit rating agencies that this was coming?” she said in a lengthy posting on her Facebook page.
Palin, who is still weighing whether to join the crowded race for the 2012 Republican presidential nomination, says she even sounded some of those warnings herself.
“Back in December 2010, I wrote: ‘If the European debt crisis teaches us anything, it’s that tomorrow always comes. Sooner or later, the markets will expect us to settle the bill for the enormous Obama-Pelosi-Reid spending binge.’ ”
Palin, the Republican vice presidential candidate in the 2008 election, lays out her solutions for turning around the U.S. economy: stop deficit spending, balance the budget, repeal President Barack Obama’s healthcare reforms and overhaul entitlement programs.
She also takes a rhetorical whack at the economic policies of Obama — and his Ivy League education.
“Nothing is ever ‘too big to fail.’ And there’s no such thing as a free lunch,” Palin wrote. “Didn’t we all learn that in our micro and macro econ classes? I did at the University of Idaho. How could Obama skip through Columbia and Harvard without learning that?”
Photo Credit: REUTERS/Brian Frank (Palin in Pella, Iowa at June premiere of documentary “The Undefeated”)