November 8th, 2010
11:08 AM ET
3 years ago

Palin's new target: Bernanke

(CNN) – After months of delivering red meat political speeches ahead of the midterm elections, Sarah Palin is pivoting towards tackling the Federal Reserve's monetary policy.

The former Alaska governor is the keynote speaker at the Specialty Tools & Fasteners Distributors Association (STAFDA) trade show in Phoenix Monday, during which she will take on the Fed's so-called "quantitative easing" plan.

"Will discuss Fed's quantitative easing plan(print $ out of thin air)tmrrw@ tools trade assn speech" Palin tweeted Sunday. She added in a tweet Monday, "Today:trade speech;tmrw school event 2 start discussing QuantitativeEasing w kids around US so they prepare 4 Feds experiment w their future."

The speech appears to be a transition of sorts for Palin, who has largely steered clear of major policy addresses since leaving her post as Alaska's governor more than a year ago – a move that has left her vulnerable to criticism she lacks the substance to be a bona fide leader of the GOP.

In Palin's prepared remarks obtained by The National Review, the former vice presidential candidate said the policy "deeply concern[s] her."

"If it doesn't work, what do we do then? Print even more money?" Palin will say.

"What's the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won't be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?"

In its latest move to jump start the sluggish recovery, the Federal Reserve announced last week it will pump billions into the economy by buying $600 billion in long-term U.S. Treasury bonds over the next eight months – policy known as quantitative easing.

The bond purchases will total up to $900 billion and be completed by the end of the third quarter of 2011.


Filed under: Sarah Palin
soundoff (108 Responses)
  1. jc

    Please, let the grown-ups take care of this one ok?

    November 8, 2010 12:07 pm at 12:07 pm |
  2. Robert

    Ok Sarah, whats your plan then?

    November 8, 2010 12:08 pm at 12:08 pm |
  3. al

    Yo Sarah. Thanks for the $1200 you gave me when you were gov of Alaska. When you become prez, you can give away more cash. That's how you handle Alaska's problem, then quit right in the middle of your term. Left things undone.

    November 8, 2010 12:08 pm at 12:08 pm |
  4. Oregon Calling

    Can this person just please leave the scene?

    Peace :-)

    November 8, 2010 12:08 pm at 12:08 pm |
  5. Randy, San Francisco

    Fortunate for Democrats that Palin is a Republican and Tea Party member. Democrats have enough embarassment this political season.

    November 8, 2010 12:08 pm at 12:08 pm |
  6. TM

    And what, exactly, does Palin know that qualifies her to speak authoritatively on economic policy? Wait, let me guess, she can see a bank from her house.

    November 8, 2010 12:08 pm at 12:08 pm |
  7. Limbaugh is a liberal

    Yes, I am sure we can trust Palin's EXPERTISE on monetary policy more than the dozens of life-time economists advising Bernanke on the Fed board.

    November 8, 2010 12:09 pm at 12:09 pm |
  8. gino

    Sarah, please just go shopping for a new outfit or something and leave monetary policy to someone with a brain.

    November 8, 2010 12:09 pm at 12:09 pm |
  9. Bette

    There's no way in hell Sarah Palin knows what "quantitative easing" is. Who's writing her tweets for her?

    November 8, 2010 12:09 pm at 12:09 pm |
  10. FM

    I would love that she gets questions and explain in lengthy on her own words of what she is talking about!

    November 8, 2010 12:10 pm at 12:10 pm |
  11. Anonymous

    There goes the village idiot again. . .

    November 8, 2010 12:10 pm at 12:10 pm |
  12. Peter E

    While I am not convinced Palin actually knows what she's talking about, I think Bernanke should have been thrown out a long time ago. It was a mistake for Bush to appoint him and also a mistake for Obama to retain him. But politicians will have a field day blaming each-other for him, trying to paint him as the other side's appointee more than their own side.

    November 8, 2010 12:11 pm at 12:11 pm |
  13. Joe in PA

    Finally, an area where Sarah can really elaborate on her expertise! One thing good though, here she doesn't even know enough to be dangerous. Well that is unless you really think she knows enough. Or wait maybe then you would really have to think that ..... oh never mind.

    November 8, 2010 12:11 pm at 12:11 pm |
  14. carlos

    great place for her to be, she is a TOOL and someone should FASTEN her mouth shut for good.......but, here again, if they are paying for the lear jet, 5 star hotels, bendable straws and the more than 100k in her pocket, why not???

    Mayor Bloomberg, you are so RIGHT.

    November 8, 2010 12:11 pm at 12:11 pm |
  15. Lucas Breen

    ROFLMAO! Thank God Palin in on this. I knew something was keeping her up at night. She just hasn't been her usual pert little self. I suspected that that she was worried about QE policy, but had no real confirmation. Thankfully, Todd has been there to help her think this through before she talks to Bernanke about it.

    November 8, 2010 12:12 pm at 12:12 pm |
  16. lcasey

    Wonder who is writing her speech for her.........and who's going to explain to her what it means.

    November 8, 2010 12:12 pm at 12:12 pm |
  17. GOP Scorched Earth Politics

    Here we go againt with the right-wing conspiracy about the evil Fed Reserve. Take off the tin foil hats and learn the actual facts instead of word of mouth from other wingnuts that think they can invent their own delusional sense of reality. Stop trying to invent your facts please.

    November 8, 2010 12:13 pm at 12:13 pm |
  18. Johnny Five

    Sarah is a player of the old GOP disguised as a libertarian. We must fight the old GOP at all costs and preserve our Tea Party movements. I plead with those of you who are suceptible to the media, she is NOT what she is made out to be. She made a deal to be president. She is tricking you all. She is of the McCain and Cheney group.

    November 8, 2010 12:13 pm at 12:13 pm |
  19. Sniffit

    Yawn. Might as well listen to her comment on astro-physics and rocket propulsion systems...maybe a side commentary about brain surgery...it's bound to be just as accurate and as full of useful information.

    "school event 2 start discussing QuantitativeEasing w kids around US so they prepare 4 Feds experiment w their future."

    Indoctrination anyone? I'd like to see her visit Sloan or HBS or Wharton to make a speach about "quantitative easing." She'd get laughed off the stage. The reality is, the only place she'd dare try to talk about these subjects is in front of people with her own maturity level, information level and comprehension of these topics: grade schoolers.

    November 8, 2010 12:15 pm at 12:15 pm |
  20. Whatever

    So if the market begins to fall tomorrow and our 401Ks start tanking, we will BLAME YOU, Sarah, because you know your menions will take their $$ out of the market out of fear!!!!!!!!!!!!! OMG what a NUT CASE!!!!! Consumer confidence Sarah... if you want to a true FULL TERM leader – remember consumer confidence. I wonder if I can take

    November 8, 2010 12:16 pm at 12:16 pm |
  21. Disgusted

    Every time I see her face, hear her voice, or read of her latest idiocy, I re-claim my screen name. Sarah Palin is a puppet. She can read other people's words, but if asked to speak extemporaneously about any topic covered in her speeches, she will circle back to her sloganeering talking points about the Constitution (which she may have read, but doesn't comprehend), patriotism and Alaska. She is not equipped with sufficient brain power or stamina to study anything in depth. That said, I'm kind of looking forward to the Republicans trying to develop real solutions to the nation's problems. I predict they won't succeed because their allegiances are to the wealthy (who really only are about themselves) and big business (ditto). Instead of trickle down, the pain will continue, and probably worsen for many.

    November 8, 2010 12:17 pm at 12:17 pm |
  22. Pat Watson

    What a joke! The woman who admitted she doesn't read newspapers is going to educate the masses on qualitative easing. Her handlers will feed her the sound bites, and she will regurgitate them, but please no questions.l She should stick to reality TV. That is where she belongs.

    November 8, 2010 12:17 pm at 12:17 pm |
  23. JSEAK

    This is the person who gave away $500 MILLION of ALaska's money, without any requirements for a result regarding a gas pipeline through Canada. God, please don't let this idiot get her hands on anymore of the peoples money.

    November 8, 2010 12:17 pm at 12:17 pm |
  24. guest

    haha yeah i would looove to see palin go head to head with bernanke. who's going to lecture her on that monetary policy?? keep your mouth shut and stick to reality tv.

    November 8, 2010 12:18 pm at 12:18 pm |
  25. Sniffit

    BTW, this was just beamed into her tinfoil Bumpie this morning because she's studiously ignoring the Alaskan Chuck Norris' loss. I'm pretty sure she makes that "I'm farting" face in the picture above whenever another brainfart overtakes her.

    November 8, 2010 12:18 pm at 12:18 pm |
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