Wednesday, September 23, 2009

Palin Speaks to Investors in Hong Kong

Jonathon Stone, the chairman and CEO of CLSA Asia-Pacific Markets, with Sarah Palin at a meeting in Hong Kong on Wednesday.

Just yesterday I was wondering what'd happened to her, and to day I wonder what she could have said of interest to this audience.

''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.''

Main Street? Gimme a break.

It marked Palin's first major appearance since she resigned as governor in July, and the speech's location and international scope could help boost her credentials ahead of a possible bid for president in 2012. While she's thought to be considering that, her Hong Kong trip bore no political overtones, said Fred Malek, a friend and Palin adviser.

Going to Hong Kong is foreign policy experience?

In her speech -- closed to reporters -- Palin argued that many average Americans are uncomfortable with health care reforms that infringe on private enterprise, Chris Palmer, an American fund manager for Gartmore Investment Ltd., told reporters.

They need her to know that? Why not just watch or read some news?

In an apparent reference to tensions between Muslim Uighurs and Han Chinese that have led to riots, Palin mentioned China's ethnic problems, arguing they are ''a sign that China lacks mechanisms to deal with regional issues,'' Palmer said.

They'll love that in Peking (oops, my age shows: Beijing).

She also criticized the U.S. Federal Reserve's intervention in the economy over the last year and praised the conservative economic policies of former U.S. President Ronald Reagan and former British Prime Minister Margaret Thatcher, according to another attendee who declined to be named because he didn't want to be seen as speaking on behalf of his company.

It is so easy to praise Ronald Reagan for his economic policies while ignoring their true impact and actual effects: he conducted deficit spending (Keynisian), cut taxes for the wealthy and threw the US into recession.

Hari Sevugan, a spokesman for the Democratic National Committee, said Tuesday the group knew little about Palin's speech.

''We're curious as to what she's willing to say in private but not in public,'' Sevugan said. ''Are there other countries that she can see from her window that she doesn't want us to know about?''


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