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    “But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?”

    “But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?”

    Back in November, Sarah Palin delivered a sharp criticism of Fed monetary policy, as reported by The Wall Street Journal:

    Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to “cease and desist” with a bond-buying program designed to boost the economy.

    Speaking at a trade association conference in Phoenix, the potential 2012 presidential candidate and tea-party favorite said she’s “deeply concerned” about the central bank creating new money to buy government bonds. Ms. Palin said “it’s far from certain this will even work” and suggested the move would create an inflation problem.

    The criticism was met with howls of derision, but as this NY Sun editorial points out (h/t reader Jay), has proven prophetic (emphasis mine):

    The big question as Chairman Bernanke gets set for his first quarterly press conference is how Sarah Palin was able to figure out sooner than everyone else that the Federal Reserve’s campaign of quantitative easing wouldn’t work. Disappointment in the Fed’s policies is being reported this morning at the top of page one of the New York Times. It reports that “most Americans are not feeling the difference” from the Fed’s “experimental effort to spur a recovery by purchasing vast quantities of federal debt.” It reports that “a broad range of economists say that the disappointing results show the limits of the central bank’s ability to lift the nation from its economic malaise.”

    It’s a terrific story, and well-timed, given that on Wednesday Mr. Bernanke will break tradition and meet with the press. It is part of the Fed’s effort to get ahead of what is emerging as a public relations catastrophe, as gasoline is nearing six dollars a gallon at some pumps, the cost of groceries is skyrocketing, and the value of the dollars that Mr. Bernanke’s institution issues as Federal Reserve notes has collapsed to less than a 1,500th of an ounce of gold. Unemployment is still high. Shakespeare couldn’t come up with a better plot. But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?

    In other news, the most intelligent, nuanced and intellectually adroit President ever — someone who can parse a sentence with his bare hands — still is pushing windmills and high speed trains as the key to our economic future.

    I’ll take a mere commoner as the next president, you can have Don Quixote.

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    Comments



     
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    viator | April 25, 2011 at 6:55 am

    The meme around Palin resigning the Alaska governorship is simply another of many attacks in an ongoing attempt to destroy her. They thought they had her pinned down in a nice crossfire: numerous empty by damaging ethics charges coupled with a enormous drain on the family finances due to the high priced legal talent required to defend her. (That same game is played in Washington but many times we the taxpayers foot the legal bills). She slipped out of that trap deftly which enraged them.

    Well, well, well … the unqualified, homespun, common wife from Alaska hit one out of the park over center-fielder Benny's head. I'll tell you something right now – Sarah Palin's got more smarts in her lower right leg than 98% of our present government, and any 1,000 clones of Joy Behar.

    If either she, or Chris Christie, don't run for President in '12, it's because Charlie Sheen makes more sense in this country than common sense does.

    Whatever. There's a guy representing Texas in the House who left a lucrative medical career in the '70's to enter politics because he saw this crap coming. Palin's got nothing on him.

    "The left are like medieval doctors who believed if you just bled the patient enough they would survive. Maybe it's time for a new treatment." –viator

    Excellent! That is the best similitude I've read expressing who the left are.

    They have Alinsky-ed Sarah Palin, but we are on to their tactics. Our job as Conservatives is to counter their propaganda with truth. Great statements like yours do just that!

    I agree that she is very likely to run, and it WILL be the fight of our lives to promote, protect, and defend her – or any Conservative candidate – against the Obama-Chicago way. Leftists have no bottom – no low is too deep for them; winning is all that matters. By any means necessary.

    I can see Weimar Germany from my house.
    -Sarah Palin


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