GOP Plays Follow the Leader – Sarah Palin – on Weak Dollar
Sarah Palin upsets RINOs as much as Democrats. Just last week, McCain presidental campaign manager Steve Schmidt went out of his way to describe how “catastrophic” a Sarah Palin presidential campaign would be the GOP in 2012. Republican strategist Mike Murphy concurred. If anyone is qualified as an expert on “catostrophic” presidential campaigns, it would be Steve Schmidt.
Yet, it appears that the “unqualified” Caribou Barbie is on target once again with her Facebook comments about the “catostrophic” results of the weak dollar and now others in the GOP are now following her lead.
“I don’t view this as a partisan thing. It is bad for America to have a policy of a weak dollar,” assistant Senate Republican leader Jon Kyl told Reuters when asked about Palin’s comments.
“All Treasury secretaries say, ‘Oh, our policy is to have a strong dollar.’ But the question is what do they do. I don’t think either this administration or the Bush administration have followed the appropriate policy,” Kyl said
With the 2010 Congressional elections a year away, Republicans are seizing on opportunities to throw the Democrats off their stride. More Republicans were expected to take up dollar weakness as a tool to hammer the Obama administration, analysts said.
“It’ll be a straight line, dollar equals deficit,” Ethan Siegal, an analyst at The Washington Exchange, said.
“For the out party in the modern era there’s nothing off limits anymore,” he said. “The dollar certainly is not off limits.”
STAR POWER
Palin still has star power. Her comments resonate with a good segment of the conservative Republican base and with Americans who view her as talking “common sense” in the face of the country’s elites, analysts said.
Her written comments on the dollar made the front-page lead story of the Financial Times on Thursday.
Palin has successfully used Facebook to rally supporters of her viewpoint. The “death panels” term that rocked the healthcare debate during raucous summer town hall meetings sprung from a Palin Facebook post.
In this Facebook comment, Palin wrote:
The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.[1] According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency.[2] In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our “privilege” to run up huge deficits.[3] We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar.[4]
All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence. A weakened dollar means higher commodity prices. This will make it more difficult to pay our bills – including the bill to import oil.
In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing soley on “green energy”, while ignoring our need to develop our domestic conventional energy resources.[5] We’re ignoring the looming crisis caused by our dependence on foreign oil. Because we’re dependent on foreign nations for our oil, we’re also at their mercy if they decide to dump the dollar as their trade currency. We can’t allow ourselves to be so vulnerable to the whims of foreign nations. That’s why we must develop our own domestic supplies of oil and gas.
Though the chant of “Drill, baby, drill” was much derided, it expressed the need to confront this issue head-on before it reaches a crisis point.
Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence.
- Sarah Palin
Maybe, just maybe the GOP would be far better off if it had more courageous common sense leaders like Sarah Palin and fewer losers like Steve Schmidt and Klingon look-alike Mike Murphy in its ranks.
Hat tip: Reuters
What good is a Sarah Palin Post without a Sarah Palin photo?
[1]
Without leaving her kitchen, Sarah Palin has managed to change the course of the health care debate and is now focusing attention on the weak dollar and the need to develop domestic energy sources. What have Mitt Romney, the other “wannabes” and the GOP leadership accomplished recently?
[2]
Like I posted yesterday.
When I was Europe this spring hotels were sitting empty. Americans cannot afford to travel to Europe because of the value of the dollar.
One hotel manager admitted he has never had his hotel of 60 rooms half full the last year. When I was there at this hot3el I only saw two other rooms occupied. The breakfast room sat empty except for us and you could tell that they didn’t have many others expected by the amount of food placed out.
The weak dollar is hurting everyone, not just the US. And Europeans will tell you that.
[3]
Now OT: I gotta get this off my chest!
1. It is stupid to give out the Nobel Peace Prize to someone who has no record of accomplishment.
2. It is stupid to give out the Nobel Peace Prize to someone because he talks a good game.
3. It is stupid to give oput the Noble Peace Prize to someone when others have been preaching the same message for years but have not been hailed a peace makers.
4. It is stupid to give out a Nobel Peace Prize to someone whose policies have not taken affect and could even lead to disastrous results down the road.
5. It is stupid to give out a Nobel Peace Prize because a person is different from George Bush.
6. It is stupid to give out the Nobel Peace Prize for political beliefs and promotions.
[4]
The power that be are doing everything they can to try to convince the American people that Barack Obama is not the incompetent boob they have come to realize that he, in fact, is.
There will be a thread on Obama
winningbeing awarded the Nobel Peace Prize on BJG later today (when the citizens of the People’s Republik of Kalifornia are up). I’m proud to say that we have 50% of the 24 conservatives in Kalifornia here at BJG.Trip to Europe MI Conservative? I guess money goes a lot farther on the west side of the state. But, I will be doing some big-time travel myself. Going to Reese, MI tomorrow. Yes, I know it’s hard to believe, but I am. I can see the envy building now.
[5]
LMAO
bc-
You need to go with me sometime. See the simpler, cheaper way to travel. That’s the only way I can go.
1. Stay at smaller family run hotels with breakfast included.
2. Eat at the local joints and train stations or picnic in a park.
3. Take advantage of tourist passes for transportation and know when free days are available at museums and attractions.
4. Drink beer, it’s cheaper than water and pop.
5. Get friends to go so you can get group rates., Plus, they by you stuff for doing all the planning and reservations.
6. Stay away from the snooty, arragant Europeans and find the down to Earth locals that are much like you.
Man it’s pouring on the west side today.
[6]
I’m proud to say that we have 50% of the 24 conservatives in Kalifornia here at BJG.
There are 24 conservatives in Kalifornia? Sheesh, I need to find the other 20.