In a wide-ranging, 80-minute speech to fund managers in Hong Kong today, Palin spoke about issues ranging from Alaskan fishing to energy independence to U.S.-Sino ties. She repeated calls for “market-oriented” health-care reform and said governments shouldn’t regulate executive compensation.Well, right there we see the fundamental flaw in Palin's logic. She doesn't believe the government should control executive pay, but we should be looking out fot the Moms and Pops who will have to burn their life savings to cover the costs of their "insurance" premiums in order to ensure the fat cats at the top are stuffed to the gills with profits? Can you protect the fat cats while watching out for the "little" guys? When Sarah Palin claims to speak for the people, the US of A is in for a bumpy ride.
The Fed and the government sent a message to companies that “the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out,” Palin said in the closed door speech, according to a tape of the event given to Bloomberg News. “Of course the little guys are left out then. We’re left holding the bag, all the moms and pops all over America.”
"I'm going to call it like I see it and I will share with you candidly a view right from Main Street, Main Street U.S.A.," Palin told a room full of asset managers and other finance professionals, according to a video of part of the speech obtained by the Associated Press. "And how perhaps my view of Main Street . . . how that affects you and your business."Since when does a former Veep candidate, a former Governer who quit, and turned highly paid public speaker represent the "people" of America? I'm left wondering how the people in the "packed" audiance was able to stomach the event, and also how much she was paid to deliver this horse manure.
I've found at least one person who was there discussing it. I'm sure there's more.
Blog on friends. Blog on all.