November 8th, 2010
11:08 AM ET
12 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. Jacob

    Sarah Palin, folks....really? She honestly has a political platform in this country – that is both terrifying and really embarrassing!

    November 8, 2010 12:33 pm at 12:33 pm |
  2. once upon a horse

    ah our first Palin story for the week from CNN. Ms. Palin as usual is very good at being a critic but I have yet to hear her offer any kinds of solutions for the things she chooses to attack. How would she get the economy going in the right direction? What would she do on HealthCare? What would her answer be on handling world affairs? What's even funnier is that her "fan club" doesn't even see this and if they do they don't seem to care. Sarah Palin is taking these folks to the cleaners telling them what they want to hear, but offering NO solutions for their problems.

    November 8, 2010 12:35 pm at 12:35 pm |
  3. 10watcher

    What is WRONG with what she is saying? Put aside for one moment your bias and tell me what is the fallacy of her comments.

    November 8, 2010 12:35 pm at 12:35 pm |
  4. carlos

    she thinks that QE2 is the beautiful cruise ship, wait a minute, she does not know that either.......

    November 8, 2010 12:36 pm at 12:36 pm |
  5. A Kickin` Donkey

    This is good news. It means SHE IS RUNNING for President. This is her 1st attempt to REMAKE her image as a mental midget.

    Let`s record everything she says and use it against her LATER. For now, letLs just not SPOOK her out of the race.

    She`s going to comment on this FED action which will lower long term interest rates – which inturn – will but more money in the hands of PEOPLE and less in the hands of BANKS. I`ll bet she will mouth off without understanding the macro-economic impacts. I bet she`l make some reference to inflation all the while neglecting the impact that George Bush`s deficits had on our chinese borrowing.

    Just give her enough rope boys and she`ll hang herself.

    November 8, 2010 12:36 pm at 12:36 pm |
  6. Bill

    It's beyond me why CNN obsesses over everything this woman - a failed Vice-Presidential nominee and a failed former Alaska governor - says or does.

    Are we really expected to believe that woman knows anything about fixing an economy, or any other major political issue our country faces?

    November 8, 2010 12:36 pm at 12:36 pm |
  7. AC

    ST&FDA, yea you really picked a winner. Palin giving a speech on Federal Reserve policy is like Palin giving a speech on how to complete what you started. Palin is making this group look stupid and herself, which comes almost at will.

    Free Rick Sanchez!

    November 8, 2010 12:37 pm at 12:37 pm |
  8. Millie Bea

    If no one opens these posts, or comments, maybe they will stop including them. Maybe WE can make her go away. Don't get mad- get SILENT>

    November 8, 2010 12:39 pm at 12:39 pm |
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