Palin on downgrade: I told you so
August 8th, 2011
08:14 PM ET
12 years ago

Palin on downgrade: I told you so

(CNN)-Former Alaska Gov. Sarah Palin took to her Facebook page Monday to warn Americans about President Barack Obama’s plan to improve the nation’s economy.

“Be wary of the efforts President Obama makes to ‘fix’ the debt problem,” she said. “The more he tries to ‘fix’ things, the worse they get.”

A “surprised” Palin sounded off on reaction to the nation’s credit rating downgrade and chided “so-called smart people” who doubted her forecast of economic repercussions.

“I’m surprised that so many people seem surprised by S&P’s decision,” Palin wrote.

“Weren’t people paying attention over the last year or so when we were getting warning after warning from various credit rating agencies…I’ve been writing and speaking about it myself for quite some time.”

Referencing “European nations with less debt and smaller deficits than ours” that have had their ratings downgraded, the 2008 GOP vice presidential nominee accused the president of “magical thinking” and took a swipe at his alma mater, saying, “One doesn’t need a Harvard Law degree to figure this out!”

And Palin fired back at those who point the finger at the tea party movement for the country’s credit downgrade.

“How shamelessly cynical and dishonest must one be to blame this inevitable downgrade on the very people who have been shouting all along ‘stop spending?’” she vented.

“Tea Party Americans weren’t the ones ‘fiddling’ while our country’s fiscal house was going up in smoke.”

But Palin, who is still mulling a bid for the 2012 GOP presidential nomination, wasn’t all censure without solutions. She proposed ways to “get serious about our deficit” by ending deficit spending, balancing the budget, repealing “Obamacare,” canceling stimulus funds, and reforming entitlement programs.

“I embrace a pro-growth agenda,” she stated. “We need to tell the world ‘America is open for business again.’”

She accused the Obama administration of “hanging one regulatory albatross after another around the private sector’s neck,” but resolved that with “government out of the way,” the private sector will “breathe, grow, and thrive.”

Looking ahead to the contest that may or may not include her candidacy, Palin encouraged potential supporters to choose seasoned conservatives.

"Please get engaged in 2012 electoral politicians and support experienced, vetted, pro-free market fiscal conservatives," she urged.

Filed under: 2012 • Debt • Deficit • Sarah Palin
soundoff (1,137 Responses)
  1. max_headroom

    What's really scary is that there are morons out there who believe this drivel. We need an ignore button for her.

    August 10, 2011 06:07 am at 6:07 am |
  2. m

    " I told you so"
    Words of a child !
    Gracious me lady...
    How is the weather in Russia today?

    August 10, 2011 06:19 am at 6:19 am |
  3. works4me

    This is the typical bar room politics that has this country turned upside down. People, like nimrod Sarah, really need to actually educate themselves on the situations at hand... before they speak... before they repeat what they hear at O'Mallys, the gym, the hairdressers, etc. It takes someone with an intellectual curiosity to know, a desire to learn. All Palin desires is to stir the pot with her ignorant, redundant rhetoric. Nations go to war because of idiots like her!

    August 10, 2011 06:19 am at 6:19 am |
  4. Rich

    The expert in geography, history, speech and raising children speaketh on our fragile economy....

    You go freakin'


    August 10, 2011 06:46 am at 6:46 am |

    Delusional Sarah and her teabaggers PRAYED for a default and downgrade. They had to settle for the downgrade since Wall Street owns the GOBP so their default push failed. Teabaggers hate America.

    August 10, 2011 07:02 am at 7:02 am |
  6. CJ

    You've got to be kidding. She needs to shut her mouth instantly.She's so backwards on this, it is scary. It WAS the Tea Party's fault for strong arming Obama into an awful debt deal, which is EXACTLY whhy ALL of this is happening.

    August 10, 2011 07:04 am at 7:04 am |
  7. Peter

    She obviously didn't read the S & P report which blames BOTH parties for not submitting serious debt reduction plans, and for a culture of spending and/or borrowing and continuous debt ceiling increases for years under both administrations. To blame this on one party is ridiculous. To blame this on one individual is childlike.

    August 10, 2011 07:05 am at 7:05 am |
  8. clarke

    Ok CNN, time to move this article off front page. Put it where it belongs, in the trash.

    August 10, 2011 07:05 am at 7:05 am |
  9. rgrahamok

    I want Palin to run for President in 2012. Put up, or shut up!

    August 10, 2011 07:10 am at 7:10 am |
  10. EffortPA

    I believe Sarah Palin is about the best thing it could have happened to our country. Sometimes, I disagree with what Obama is doing, but then I hear something Sarah Palin said and it reminds me that regardless of how bad things are right now, they could be much, much worse. That contrast would not be nearly as pronounced without Sarah Palin around. Sarah, please continue doing what you are doing.

    August 10, 2011 07:13 am at 7:13 am |
  11. Obama aint worried bout no double dip recession

    Republicans have been warning Democrats for the past ... oh, I don't know, 2 and a half years, that Obama's spending spree was going to have negative reperscussions on our economy. It is laughable that anyone would actually believe the nonsense coming out of the White House now, since it is absolutely "transparent" that Obama never took heed of any of the advice given to him by the majority of concerned Americans. All one has to do is to google "Obama not worried about a double dip recession". He is even downplaying the downgrade as if it never happened. Well guess what Mr. President, it happened, just like Republicans and members of your own party have been warning you about. You can attempt to shift the blame on others (Europe, the Tea Party, the guy who lives across the street that smells bad, etc.) but the problem is on your doorstep, you created it.

    August 10, 2011 07:29 am at 7:29 am |
  12. Chica

    Palin is right on. It's the debt-to-income ratio. Cut spending is the solution. Stop funding all the extra czar that Pres Obama has added.

    August 10, 2011 07:29 am at 7:29 am |
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