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. yoyoma

    they all knowing mind speaks again......criticize, criticize, criticize. but never an idea of how else to handle our problems. does anyone else ever notice this!!!!!!!!! not one thoughtful idea ever put forth by the mouth....only criticism

    November 8, 2010 11:13 am at 11:13 am |
  2. jake1969

    This stuff is WAY over Palin's head. She better watch where she goes with it. Doesn't have near the mind to comprehend quantitative easing and the complexities currently facing US markets. To all the conservatives getting all worked up, do you have any clue what it's like to live through a banking system collapse? Any idea at all? There are plenty of examples in history (for recent history look what happened to Iceland). A banking system collapse would devastate our economy. Money in the bank, 401s, etc gone...lending would slow to a crawl or even a halt. It's unfortunate that extremely complicated policy moves are becoming politicized and exploited by small minds of politicians. Palin and her cronies have no clue what we're dealing with.

    November 8, 2010 11:16 am at 11:16 am |
  3. Whatever

    This from someone who got more pork to her state when she was the governor for 1 1/2 years. They residents of Alaska get $$ from the Federal government each month don't they?! I would not want her talking to my child. She is the last person to influence young minds. She needs to focus on her own children and head back out to the icebergs.

    November 8, 2010 11:17 am at 11:17 am |
  4. Tam

    Would she know a spreadsheet? Does she know Economics 101? Lord save us from this pathetic ignorant twit. She's so dumb she doesn't realize she's dumb! And what about her supporters? And who's pulling the strings? Follow the strings and follow the money.

    November 8, 2010 11:18 am at 11:18 am |
  5. GL

    This woman needs to seat it down. Her targets are not much of a winner. Please go away becasue you are one of the person Bloomberg is taking about. You didn't even have a passport when you were selected to be put of McCain tickets. Just go away.

    November 8, 2010 11:20 am at 11:20 am |
  6. GL

    Shut up becasue you are one of the person Bloomberg is talking about. We all know you can not read and you didn't have a passport.

    November 8, 2010 11:21 am at 11:21 am |
  7. Mr. Davidson

    Gotta go with this they're stomping us into the ground,US taxpayer.

    November 8, 2010 11:22 am at 11:22 am |
  8. GL

    Shut up already. She can not even win in your own state so you are not relevent.

    November 8, 2010 11:23 am at 11:23 am |
  9. steve

    Oh lordy....who fed Sarah Palin all this information? I guarantee she had never heard of the Fed until a couple of days ago when someone asked her to speak at this conference. Now she's talking about quantitative easing? How much do you want to bet that her "handlers" will not open the floor up to questions?

    November 8, 2010 11:26 am at 11:26 am |
  10. Mike in MO

    QE2 is ripe for criticism but she has no idea why. Still yapping, just changing to something else about which she knows nothing. This beanbag brain has zip beyond red meat for the base. So, she'll just yammer on and stir up the groupies who fawn over her, and they will continue to be equally ill-informed.

    November 8, 2010 11:26 am at 11:26 am |
  11. Troglodrew

    Does Sarah Palin understand that we aren't just "printing money"? The sad thing is that her followers don't understand that either and just take her ignorance as word. The media is NOT doing their job in exposing whats wrong with her rhetoric. The media is too afraid of being labelled "liberal" so Sarah Palin gets away with everything. Can you imagine if Biden had said something like this?

    November 8, 2010 11:27 am at 11:27 am |
  12. Randolph Carter, I'm no expert, but...

    Where did the shrieking cow get her economics degree? Oh, that's right, she doesn't know what the he!! she's talking about. Too bad all the idiot "real Americans" will believe whatever she says. How's that 30 years of stagnant wages working out for you, conservatards? Have a nice day!

    November 8, 2010 11:30 am at 11:30 am |
  13. Laurie

    She is the epitomy of ignorance. We all know that we should only print money to give to this thing to speak to organizations that are stupid enough to pay her a bunch of it!!!

    November 8, 2010 11:31 am at 11:31 am |
  14. I am sick!

    Sick of these tea partiers and idiot republicans causing NOTHING but distraction,obstruction, fear, IGNORANCE and just down right wasting the american people's time!!!! just cuz you won mid term elections does NOT mean you have americans full support! you and I both know well that not every registered voter votes during the mid term election! that's one of the MAJOR reasons you won more seats in congress...but don't let it get to your head, YOU DO NOT HAVE OUR support! you will be voted out in 2012 especially with this ignorance and hate you people spew and all you care about are elections and power! you do NOT speak for me, and you DO NOT represent me as a TRUE AMERICAN! You do NOT have our best interest at heart and the fact that people are out there dumb enough to vote for you is beyond scary!

    November 8, 2010 11:31 am at 11:31 am |
  15. sparky

    at least the right still treasures the value of a ged...

    November 8, 2010 11:32 am at 11:32 am |
  16. Elizabeth

    Palin needs to fasten her wig down tighter.

    November 8, 2010 11:33 am at 11:33 am |
  17. maine liberal

    Palin's sense of monetary policy:

    cut taxes to zero for the top bracket and more revenue will result
    Make it and they will buy it.
    Tax cuts do not need to be paid for

    November 8, 2010 11:33 am at 11:33 am |
  18. slipthalo

    This is scary – she's going to give another speech on another topic she knows nothing about. She should stick to her reality show about Alask – she does know how to walk in the snow.

    November 8, 2010 11:35 am at 11:35 am |
  19. Matthew Pringle

    Stupid is as stupid does

    November 8, 2010 11:36 am at 11:36 am |
  20. Kate

    What happened to Palin's tea party widgets who lost?

    November 8, 2010 11:36 am at 11:36 am |
  21. juliei4

    She might want to talk to a few economists about that, of course whack job that she is, it probably wouldn't get through to her even if the economists were Republicans. Many economists credit Bernanke with keeping us out of a depression. Palin's motto is ultra conservative good – everything else bad.

    November 8, 2010 11:41 am at 11:41 am |
  22. emma

    Sarah, who is putting those words into your mouth? Your oversimplification really shows your lack of comprehension of economics. Why don' you leave the analysis of Federal money management to the folks who are seasoned economists?

    November 8, 2010 11:45 am at 11:45 am |
  23. T'SAH from Virginia

    The PA'IN in the neck will be BOOTED out by the RepubliCAN'Ts!!! The best she can do is stay FAR RIGHT and try to create a third party and they all can have their weekly meetings on that "BRIDGE TO NOWHERE"!!!

    This is T'SAH – OUT of Campaign MODE – N2 MOVING AMERICA FORWARD w/President Obama!!

    November 8, 2010 11:46 am at 11:46 am |
  24. ATL Guy

    This woman is so stupid I can't even think of a response to write to her.

    November 8, 2010 11:47 am at 11:47 am |
  25. AnaHadWolves

    Watching Palin opine about economics, Bernanke, et al, is akin to watching a chimpanzee pick up a book by Shakespeare...and try to eat it. Sarah, sweetie...just because you can say the words doesn't mean you know what they mean. Fail.

    November 8, 2010 11:47 am at 11:47 am |
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