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Gov. Palin on Wall Street
September 15, 2008 11:59 AM
ABC News' David Wright, Alyssa Litoff, and Imtiyaz Delawala report: Sarah Palin deviated briefly from her standard stump speech to acknowledge the news from Wall Street today.
"This is an issue of real concern," Palin told thousands gathered in a rodeo ring in Golden, Colo. But, she said, "I'm glad to see the Federal Reserve has said 'no' to using taxpayer money for a bailout."
Palin's remarks echoed McCain's calls to overhaul outdated regulations and bring accountability to the financial markets. Palin accused Wall Street regulators of being "asleep at the switch," and vowed that she and McCain would "put an end to the mismanagement and abuses."
"We're going to reform the way Wall Street does business and stop the golden parachutes for CEOs who betray the public trust," she said.
This was the first time Palin had mentioned Wall Street in her stump speech. Mostly, she tends to reprise large portions of her nomination speech from the convention. Palin, herself, may not be the most authoritative spokesperson on such issues. In the past, when she ran for Alaska governor, she freely admitted to a reporter that she got a "D" in macroeconomics in college.
McCain has been touting much the same message on the campaign trail today, and the campaign has debuted a new campaign ad titled "Crisis."
What precise reforms would Palin like to make, to better protect U.S. investors? Unfortunately, there's no way of knowing for sure. The candidate is not taking questions from the press.
September 15, 2008 | Permalink | User Comments (203)
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Let me get this straight: Somethings broken and I am to believe "hiring" the people who are responsible will fix the problem? They want to fix it using the same tools and same people? Stupid is as Stupid does. Does Palin know who Phil Gramm is and the assistance McCain gave him in passing these de-regulation laws in the first place?
Posted by: NMP | Sep 15, 2008 12:14:09 PM
How does Palin have credibility stating "McCain would "put an end to the mismanagement and abuses." when she is under investigation for abuse of power?
Posted by: Just curious | Sep 15, 2008 12:16:27 PM
Is pointing out that she got a D in macroeconomics elitist? I'm sure many will write in to claim "I got a D in economics too and I'm doing fine", to which I say you aren't helping to guide the country during a financial market meltdown.
Please read up on the issues and don't vote from the glossy words of the stump speeches.
Posted by: D Student | Sep 15, 2008 12:19:06 PM
A "D" in MacroEcon? Wow, i'm smarter than a Vice Presidential nominee!!! Anythings POSSIBLE!!!!!!!!!!!
Posted by: Dem-4-Life | Sep 15, 2008 12:20:15 PM
You forgot the last sentence: "this ad paid for by Barack Obama".
Posted by: Robbie | Sep 15, 2008 12:21:04 PM
Does this mean that McCain is going to kick all his friends out of his campaign and then out of Washington since these are the people who have stolen money from the average American taxpayer? I think not...John's as greedy and ruthless as they are. It's all about power. Just use the American people to get elected and then treat them like trash. Sorry McCain...No Way! No How! No McCain/Palin!
Posted by: maryanne | Sep 15, 2008 12:24:06 PM
Well, this is what happens when Bill Clinton and the GOP decided to deregulate the banking industry.
Both the DFL and GOP have their share of blame in this mess.
Posted by: alpaig52 | Sep 15, 2008 12:25:41 PM
McCain doesnt understand economics and Palin Failed economics...meanwhile we are going through an economic crisis. God help up!
Posted by: mo | Sep 15, 2008 12:26:00 PM
THIS LADY DOES NOT HAVE A CLUE ABOUT THE ECONOMY!!! NOTHING!! Listen to her READ HER CUE CARD!
Posted by: CLUESS PT2 (feat Sarah Palin) | Sep 15, 2008 12:26:48 PM
mccain palin tooo dangerous!
Posted by: Bhrandon | Sep 15, 2008 12:27:59 PM
Palin says "We're going to reform the way Wall Street does business and stop the golden parachutes for CEOs who betray the public trust," she said.
_________________________________________________
Hmmm... Is she firing McCain's entire head campaign staff? 7 uber-lobbyist spearhead McCain's campaign. How do you reform when your policies are written by the people you want to reform?
Posted by: Wake up People | Sep 15, 2008 12:29:29 PM
Ha, no wonder we here abroad laugh at how dumb (some) Americans are. Yes, you have a lot of money, but you sure are DUMB. Name me one G8 country or 3rd world country that has an uneducated or average intelligent Prime Minister, President, MP or Governor General? NONE. We only vote in highly educated people. Your last educated President was Bill Clinton.
Yes, Palin is somewhat attractive but in a global society, her looks can't help her when it comes to discussing policies.
Posted by: Dfor Dummies | Sep 15, 2008 12:30:36 PM
Aaahh! My fellow Americans, please think again before you vote for McSame-Palin. Their academic records are really mediocre: McSame: 884th out of 889th in the class, Palin: 6 colleges for 6 years to get BA.
With economic like now, we really need an intelligent leaders to lead us and get us out of this mess.
Posted by: Concerned US Resident | Sep 15, 2008 12:31:43 PM
What does this clown know about Wall Street? Wake up America- don't be taken by a phony!!
Posted by: Jackson in NC | Sep 15, 2008 12:33:09 PM
I have never seen a campaign so bizarre as the McCain/Palin Campaign. Do they really expect us to believe they are going to fix things when they are the ones who put us in this mess to begin with????
Posted by: Nancy D | Sep 15, 2008 12:34:25 PM
justcurious...investigation for ??? Are you refering to the trooper, ex brother-in-law, who used a taser on his stepson, illegally shot a moose, drinking on duty, used threats of violence....The same trooper who has had countless reprimands...The trooper who
"The record clearly indicates a serious and concentrated pattern of unacceptable and at times illegal activity occurring over a lengthy period, which establishes a course of conduct totally at odds with the eithics of our profession," Col. Julia Grimes, then head of Alaska State Troopers, wrote in March 1, 2006.
You mean that abuse of power case in respect Palin was trying to get this guy off the force....
Posted by: curious indep | Sep 15, 2008 12:35:58 PM
Palin got a "D" in microeconomics? Well, all the guys who got all the "A"s just went bankrupt.
Posted by: HarleyDavidson | Sep 15, 2008 12:38:40 PM
People who get their news only from their tv or newspapers don’t know what is really going on. And often youth think they can change the world, make a difference, and are easily fooled. I read way back that the horrible Bush/Cheney Energy Bill of 2005 that was quietly passed (which Obama voted for and Clinton and McCain voted against because it was totally irresponsible and threw billions of taxpayer dollars at big oil and energy and is partly why we are suffering now) is key to this election. The ones who control MSM are the ones who profited from that legislation, and who stand to profit from putting bo in office. The DNC chose Obama because they thought he could bring in the youth to strengthen the party for the long-term, and they could control him while at the same time use the Chicago style politics for “winning” elections and ensuring a continuous money flow.
Posted by: HP Boston | Sep 15, 2008 12:44:54 PM
This is as gooD as Bushes statement saying THE ECONOMY IS STRONG ENOUGHT TO HANDLE THIS......these people don't have a clue and there will be much of nothing left to this nation when Bush is finished and I sure hope you are smart enough NOT to vote republican....God help us....
Posted by: indp voter | Sep 15, 2008 12:47:50 PM
Has anybody seen Palin's grades and whether she even took economics or for that matter how the other three (McCain. Obama and Biden) did in the course. This information on all should be available to all -- no as binding on any vote chocie, but as information to consider.
Posted by: bhciapol | Sep 15, 2008 12:49:36 PM
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