GOLDEN, Colorado (CNN) – With the tremors on Wall Street reverberating throughout the political world on Monday, Republican vice presidential candidate Sarah Palin unveiled a revised stump speech that focused on the troubled economy.
Palin blamed corporate executives for the failure of the investment bank Lehman Brothers, and said the government’s financial regulatory system “is outdated and needs a complete overhaul.
“Washington has been asleep at the switch and ineffective and management on Wall Street has not run these institutions responsibly and has put companies and markets at risk,” she said, adding that “every effort” has to be made to ensure that the bank deposits and investments of regular Americans remain solvent.
Echoing one of John McCain’s favorite lines, the Alaska governor said she was pleased taxpayer money would not be used to bail out Lehman, as it was following the collapse of Bear Stearns last spring.
Palin’s remarks in Colorado were lengthier and more involved than the stump speeches she has typically been giving on the campaign trail. In particular, Palin kept the focus on the nation’s economic concerns, telling the crowd she had cut taxes in Alaska (she did not mention that she had introduced a sales tax hike as mayor of Wasilla, Alaska.) She also highlighted her small town bona fides.
“My husband Todd and I, we have a commercial fishing operation,” she said. “My sister, she just opened a service station. Todd’s folks, they own a hardware store. We’ve all built small businesses and worked hard to earn a living. We know the struggles out there.”
“It’s the small businesses, the mom and pops that are the cornerstone of America,” she said.
For the first time, Palin outlined what her goals will be for the vice presidency, noting that she and McCain had spoken about her job description.
“My mission is going to be energy security and government reform,” she said. “And another thing near and dear to my heart, it's going to be helping families who have special needs and children with special needs. And we're going to be pushing for innovative cures for diseases.”
Palin’s youngest son Trig has Down Syndrome.
Obama is still talking about bridges and houses, while Palin is out there talking about the issues and proposing solutions. This why the Obama campaign is in free fall.
Oh, so what the economy needs is closer regulation?
This woman is absolutely clueless.
Putting her on the ticket, when conservative women like Kay Bailey Hutchinson and Christie Todd Whitman were available, was a slap in the face to women everywhere.
I can't wait until Eliza Doolittle is finally allowed out in front of the media and forced to answer questions like everyone else who has ever been on a presidential ticket.
This chick sure ain't no Michelle nor Hillary. Palin doesn't even have a degree, except, maybe in stupidity!
"Energy security" = Huge tax breaks and more windfall profits for big oil.
"Government reform" = More failure of government, fewer civil liberties.
"Innovative cures" = Stopping stem cell research and giving the cold shoulder to good science.
Obama/Biden – The change we deserve.
McCain/Palin – Thanks, but no thanks.
Palin (when mayor of Wasilla) took a small town with a balanced budget and "reformed it" so that when she left, that same town was $20 million in debt.
THE KIND OF Reform WE DO NOT NEED FOR THE UNITED STATES.
innovative cures for diseases – except the inovative stem cell research cures – palin stared innovation in the face and said "thanks but no thanks".
I really believe her. NOT. Go away.
Same ole' Republican talking points... Business Business Business.. .nothing for regular working Joes. And please tell me when is she going to get off the teet of the teleprompter. If she is so smart, why can't she do "real" interviews. Why is she not going on Meet the Press and why can't she give a town hall or rally w/o a teleprompter. At least Obama only uses the teleprompter during big speeches not every day campaign stops.
Stop the world!! Palin has a new speech!!!
We know your energy plan, sweetie -- drill, baby, drill.
Ms pitbull Palin, I know you are intellectually challenged, but think real hard and try to recall who has been running Washington in the ground the past 71/2 years.
Just in case you can't remember it was your republican party. George W and Cheney were the ringleaders. Please don't act like your party had nothing to do with this mess. I know you are only reading what has been written for you by Rove, but try to read something other than trash.
Who has been in Washington for 25 years while "“Washington has been asleep at the switch and ineffective"? Would that be McCain? Why is he just now deciding something needs to be done? The Republicans have been in Washington for 8 years now and things are getting worse.
When will she stop parading that baby to garner sympathy votes? Pandering – pure and simple.
I wonder if she's ever been to Wall Street? I wonder if she could tell us what regulations are flawed and how they should be fixed...
Maybe you should check with your new boss on this one Sarah-
He is still preaching that that ecomony is sound- and here you are with a different message.
Dumb and Dumber.
All I want to know is if this woman as ever taken basic Economics course as undergrad student. I wouldn't made to see her transcript!
I can't believe these people have the nerve to talk about washington being asleep. It's Mccain party now, why hasn't he done anything already?! Because he doesn't plan to change a thing, he'll leave all of Bush's policies in place! The guy has a 100 million of his wife's money, think about that! A HUNDRED MILLLION, do you truly believe he can relate to us.
It's nice to say your going to do something, but how?
who's been asleep the last 7 yrs..man this lady has nothing to say
If I were a small investor with Lehman Brothers I would wonder what made Bear Stearns so important that it was okay to use taxpayer money to bail Bear Stearns out of its financial situation.
Didn't Palin say she wants to take care of the small investor..............then put your money where your mouth is or SHUT UP!
September 15th, 2008 4:18 pm ET
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Palin won,t even do a press conference or town hall on her own, and wants to be VP
sounds like Cheney to me……..SCARY
Even Tina Fey is more qualified than Palin to be VP let alone President!
Go Tina Go
Gov. Palin, did you run your remarks by McCain's economic advisor, Phil Gramm? You know, the guy who authored the legislation that started this mess. Sorry, can't believe you as your party wants nothing to do with regulation.
The truth is coming out. Palin is new and exciting but would never be able to be President if something happened. Obama can do the job and so could Biden.