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The Governor’s CLSA Speech — We Wish We Were There

September 23, 2009
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The Wall Street Journal reported here  http://online.wsj.com/article/SB125368057547633229.html#mod=WSJ_hpp_MIDDLTopStories, on its review of a recording of Mrs. Palin’s wide-ranging keynote address at the CLSA investors forum.  From the description by the Journal, the Governor was true to her limited government, free market principles.  For example, she pointed the finger at the Fed for the recent financial crisis.  According to the Journal:

Mrs. Palin blamed the U.S. Federal Reserve’s low interest-rate policy of previous years for setting the stage for last year’s global financial crisis. She opposed appointing the Fed as the chief overseer of systemic risk in the U.S. financial system. “The words ‘fox’ and ‘henhouse’ come to mind. The Fed’s decisions have created the bubble,” she said.

There is indeed a perception that heavy-handed Federal interference pushed banks into higher risk lending practices which were at the core of the financial meltdown.  She also proposed the elimination of the estate tax and capital gains tax and predicted this would reinvigorate the US economy.  She stuck close to free trade principles and differed with the Administration regarding the recent tariff tiff between US and China.  Though she also exposed the West’s self-delusion regarding a freer China:

She said greater political openness in China could help soothe tensions. “Many believed that with China liberalizing its economy, greater political freedom would follow, but that hasn’t happened,” she said. “The more open [China] is, the less we’ll be concerned about the military buildup and its intentions.”

All in all, the Governor appears to have given a solid address.  Congratulations to her!

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9 Comments leave one →
  1. September 23, 2009 1:40 pm

    Of Palin’s speech, Bloomberg reports:

    Sarah Palin called for closer cooperation with China, criticizing the Obama administration’s decision to impose duties on Chinese tires, according to people who heard her closed-door speech to fund managers in Hong Kong.

    “She started the speech with the Alaskan fishing industry, which I think is a safe topic for her,” said Suyeon An of RCM Asia Pacific Ltd, who left before Palin stopped talking. “She was avoiding the important economic issues. She tried to talk some about Hong Kong in general, but it was nothing specific. It was a very safe speech, boring I have to say.”

    Palin spoke to a full house in the main ballroom of Hong Kong’s Grand Hyatt hotel shortly after 12:30 p.m. local time. Reporters were kept out by tight security at the investor forum organized by CLSA Asia-Pacific Markets.

    People who attended Palin’s speech said she took only pre- approved questions. She also discussed the U.S. health care reform debate, the U.S. deficit and energy conservation, they said.

    “She was against the Obama administration’s tariff on importing tires from China,” Nicola Maino, head of equity team, at Euromobiliare Asset Management SGR based in Milan. “In her opinion it was the wrong approach. Her approach would be more cooperation with China.”

    Additionally, the two U.S. delegates to the conference left her speech early with one saying, ”It was awful, we couldn’t stand it any longer”.

    So much for Caribou Barbie’s wonderful words of wisdom. Siskel and Ebert give it two thumbs down.

    • September 23, 2009 2:34 pm

      Lynnrockets, here is the link to the Bloomberg report I read: http://www.bloomberg.com/apps/news?pid=20601080&sid=aL6EoCie3kp4. It has nothing in about the “two U.S. delegates.” Can you cite your source please?

    • September 23, 2009 3:46 pm

      Lynnrockets, the source for this other statement is The Standard. I see how you neglected to include the fuller text from this source. Well, here it is:

      “Her performance, which was closed to the media, divided opinion. Some of those who attended praised her forthright views on government social and economic intervention and others walked out early in disgust. ”She was brilliant,” said a European delegate, on condition of anonymity. Two US delegates left early, with one saying ”It was awful, we couldn’t stand it any longer”. He declined to be identified.” http://www.thestandard.com.hk/breaking_news_detail.asp?id=16571&icid=3&d_str=20090923. So it seems the objection of the unnamed U.S. delegate was not about her delivery or rhetoric or logic, it was about her conservative views on limited government. In fact, because the fellow left early (who paid for his ticket?) his comment is rather weak.

      And get this, the NYT reports favorably on the speech: http://www.nytimes.com/2009/09/24/us/politics/24palin.html?_r=1&adxnnl=1&adxnnlx=1253703717-BU9iwW+iEiGw0/MWD1R17g.

      • September 23, 2009 9:54 pm

        You have no idea why the U.S. delegate said, “It was awful, we couldn’t stand it any longer.” He did not say why he thought it was awful, he simply said “it was awful.”He also explained why he left early when he said, “we couldn’t stand it any longer.”

        If Palin was not so afraid of letting the press cover the event, then we would have had direct reporting on her speech. As the result of her fear of the press, we must now rely on the words of those in attendance. Once again, Palin shot herself in the foot.

        Finally, it is funny to note that she only allowed 3 pre-screened questions. As we have seen in the past (Couric and Gibson), she is incapable of responding in an unscripted fashion to non-screened questions.

  2. September 23, 2009 10:09 pm

    I almost forgot, here are a few more sterling reviews from attendees:

    “I can’t say I was actually impressed,” said Mel Goode, a business developer from New York who lives in Hong Kong. “She speaks well — a broad spectrum of what her beliefs are, family views.

    “She didn’t get (into) anything too harsh … just kept it, five children, my husband’s here, we believe in what Asia’s doing, America has a way to go to get itself back together, Reaganism.”

    “As fund managers we want to hear about the United States as a whole, not just about Alaska,” one told AFP. “And she criticized Obama a lot but offered no solutions.”

  3. September 24, 2009 2:46 pm

    Here is another from the Independent:

    Robert Fisk: Mangling everything in its path, Typhoon Sarah blows in to Asia
    http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-mangling-everything-in-its-path-typhoon-sarah-blows-in-to-asia-1792305.html

  4. Kathryn permalink
    September 26, 2009 3:27 pm

    If Sarah Palin is the “best for America” then I weep America. I am against abortion, against big government, against unchecked illegal immigration, but also against the wars in Iraq and Afghanistan, because our people are dying for no reason, in pursuit of ghosts that will continually be hidden by millions of fanatic followers while pretending cooperation, taking US aid, and laughing at us. Conviction in one’s values is one thing, but Sarah Palin has shown no indication of the brains or ability to lead our country, even more so as she did not honor her previous commitment and quit as Governor of Alaska.

  5. Bill589 permalink
    September 27, 2009 4:47 am

    I suggest reading the excerpt from Sarah Palin’s facebook page before believing some of the biased comments on this page. Her speech was smart and bold. See for yourself.

  6. George permalink
    September 27, 2009 7:24 am

    I’m an independent who is beginning to learn more about Sarah Palin.

    I’m beginning to understand … and somehow, like her.

    This speech makes me proud again as an American.

    … Just think of me as: One less vote for Obama in 2012. Unless the GOP will learn who it’s best candidate.

    NOT ANOTHER S&L corrupt McCain please.

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