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. Len

    Dear No Country Left,

    You need to read and find out what your state govenments will do to your state. Those that are in Republican or Tea Party control will eliminate programs, example: education funding, cut jobs at the state level, eliminate infra structure jobs because of cost and more. All this will increase unemployment in your state. Cut taxes for business, (which has been done in the past and did not create jobs)........You cannot run a state if there is no revenue being collected.......Good luck folks!

    November 8, 2010 12:18 pm at 12:18 pm |
  2. Clark Wilhelm Griswald

    After using her expertise in advanced economics to fix Bernanke's policies, Sarah Palin will next straighten Stephen Hawkings out on physics, then straighten out some of the Dalai Lama's misconceptions on Buddhism. Finally, she will go teach Boeing engineers how to improve the aerodynamics of high Reynolds number airfoils.

    Once again, CNN is pimping the antics of a shameless media whore. We do need our daily dose of Sarah Palin, don't we? Thanks CNN for continuing to bring us this very important news day after day after day.

    November 8, 2010 12:19 pm at 12:19 pm |
  3. Carol

    Oh sure...She has a tremendous background in economics on her resume and knows more than all the well-educated economists around. Only people who believe the earth is around 6,000 to 10,000 years old can take her seriously.

    November 8, 2010 12:19 pm at 12:19 pm |
  4. Voice of Reason

    Yeah right. Because Sarah Palin is SO qualified to make judgements about anything related to fiscal policy. What a rube! Her criticizing Bernanke's fiscal policies is about as valid as Paris Hilton criticizing Stephen Hawking's math.

    Just more ammo for when she tries to run for president. It'll all come back to haunt her.

    November 8, 2010 12:19 pm at 12:19 pm |
  5. Darth Cheney

    My 3-year-old knows exactly as much about the Fed and fiscal policy as Ms. Palin. And he's much sweeter.

    November 8, 2010 12:20 pm at 12:20 pm |
  6. thomas

    We must all learn to deal with stupidy (& idiots) sicne the constitution gurantees it! We are seeing it live with Sarah Palin...who are these people who support her?

    November 8, 2010 12:20 pm at 12:20 pm |
  7. Sniffit

    The only "quantitative easing" she has any real world experience or undertanding of comes in suppository form.

    November 8, 2010 12:21 pm at 12:21 pm |
  8. some guy in New Hampshire

    It doesn't matter if she talks about fed monetary policy, a new path to Mideast peace, or Jimmy Choo shoes. Sarah has so thoroughly shredded her intellectual credibility that she could get straight A's in a PhD program at Stanford and most of us would still see her as an airhead. When Sarah talks, regardless of the subject, most of us have already stopped listening.

    November 8, 2010 12:21 pm at 12:21 pm |
  9. NJ Pilot

    Oh yeah.....let's all take economic advice from SP.
    Gee, while I'm at it, let me go and ask for rabbit-hunting advice from Elmer Fudd.

    I'm an ME and actually deal with specialty tools and fasteners on my job. I'm really, really disappointed to see the Specialty Tools & Fasteners Distributors Association stoop to this level (maybe they just want her to pose for their yearly calender?)..

    November 8, 2010 12:22 pm at 12:22 pm |
  10. Shawn

    Gee this coming from someone who didn't know her last job so she quit half the way through it, HUH?? now she tell anyone with the same brain activity that Federal Reserve doesn't know what they are doing?? really, and what has the idiot come up with? anything? maybe she will let us know on her TV program.

    November 8, 2010 12:23 pm at 12:23 pm |
  11. Murali

    Bernanke, Bloomberg.. etc... vs. Palin

    Whom to rely on? Tough choice?? Reaaalllly...

    November 8, 2010 12:25 pm at 12:25 pm |
  12. John

    Why can't Saran Palin just shut-up. She can' run her own family let a lone AMERICA. I getting sick of her always Criticize every body and she don't know even want she taking about. If she did she wouldn't be smart enough to fit it. Saran Palin is making the Republican party look bad.

    November 8, 2010 12:25 pm at 12:25 pm |
  13. curtther

    She's trying to sound presidential with one small problem she a loser. Her advisers are going to help her lose again.

    November 8, 2010 12:25 pm at 12:25 pm |
  14. Matthew

    Oh for goodness sake. What qualifies this woman to make a sandwich let alone proselytize her useless feelings regarding financial policy? (Not that I agree with the Fed's reckless nonsense).

    I am not a praying man, but I might start saying my prayers that Republicans are foolish enough to put this diva on the box for president in 2012. She wouldn't stand a chance... and we would have generated a national idiot list of names – these people would not be allowed to speak, vote, or watch FOX News in the future.

    November 8, 2010 12:26 pm at 12:26 pm |
  15. Sniffit

    "who are these people who support her?"

    The media.

    November 8, 2010 12:27 pm at 12:27 pm |
  16. Former Republican, but never again!

    This is what you get when you vote Republican! This would be funny if it wasn't so tragic. This idiot may end up being our President because we Americans are STUPID!

    November 8, 2010 12:27 pm at 12:27 pm |
  17. Guess Who

    These GOP-TEA people keep insisting to have government do nothing and everything will take care of itself. Then why have government anyway. Why do they insist of wanting to control an institution and have it do nothing. Water seeks its own level. I agree, eliminate all taxes and let business take care of everything. Thus Palin & Co. literally dismantles the American governmental system. Water seeks its own level by allowing free flow of money to the cheapest labor markets around the world. Great profits for investors; with no manufacturing jobs in America. So all Americans become investors and become rich? Then the rest of the world realizes that they are doing all the work and Americans are reaping all the profits. But the world will soon realize they also have all the technological knowhow. So Americans.........

    November 8, 2010 12:27 pm at 12:27 pm |
  18. scooter

    can we just have a day of not mentioning Palin?? There are plenty of intelligent people with opinions that I'd like to hear from. Why do we constantly have to have her name in the news?

    November 8, 2010 12:27 pm at 12:27 pm |
  19. markiejoe

    Yeah, I'm sure Palin knows a lot about Federal Reserve theory, policy, and procedure. This from the woman who quit as governor half-way through her contract with the people of Alaska.

    November 8, 2010 12:28 pm at 12:28 pm |
  20. Marc

    We'll see if she actually addresses "major policy" or just feeds the audience with more of her cute little quips and sound bites. The minute this person even attempts to actually engage herself in the debate, I will have more respect for her because all she's doing now is standing out of range and throwing rocks. I think she is afraid to actually try and craft a position that could be debated for she would be exposed as the empty suit that she is.

    November 8, 2010 12:30 pm at 12:30 pm |
  21. Randy

    Once again why is she News? Can you just see her as president with that voice of hers it will drive the Amercian people crazy but we won't have to worry about that because she will not win.

    November 8, 2010 12:30 pm at 12:30 pm |
  22. Beverly - NYC

    This woman is like a roach. Will nothing stop her. CNN why are you so invested in keeping her relevant. Fox News does not report daily on Anderson Cooper. Please no more Sarah Palin stories on CNN. Let's see ifwe can make her as irrelevant and Heidi & Spencer.

    November 8, 2010 12:31 pm at 12:31 pm |
  23. steven

    I'm sick and tired of hearing "stupid" fall out of her mouth every time she opens it...

    November 8, 2010 12:31 pm at 12:31 pm |
  24. Jacob

    i really cannot stomach this person anymore!

    November 8, 2010 12:31 pm at 12:31 pm |
  25. rick

    Does she realize that everywher but Alaska, we actually pay the Feds, instead of collect and we don't have the oil companies to pay our bills? Wait I get it, she has seen lots of money due to Faux News, so she is obviously an expert on financial policy.

    November 8, 2010 12:32 pm at 12:32 pm |
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