Palin: End crony capitalism

posted at 10:55 am on April 23, 2010 by Ed Morrissey

In times gone by, the Democratic Party used to complain that the GOP was the party of “crony capitalism.”  These days, with the political connections of Goldman Sachs and other Wall Street firms to the Obama administration and to Democrats, the least that can be said is that the playing field has been leveled.  Both Republicans and Democrats spent hundreds of billions on bailouts of supposedly private corporations in 2008 and 2009, saddling American taxpayers with enormous debt while protecting big contributors from utter financial collapse.

Sarah Palin issued a rebuke to the entire practice of crony capitalism from her Facebook platform this morning, and demanded an end to the “too big to fail” mentality that results from it:

The current debate over financial reform demonstrates what happens when political leaders react to a crisis with a raft of new regulations. First off, the people involved in writing government regulations are often lobbyists from the very industry that the new laws are supposed to regulate, and that’s been the case here. It should surprise no one that financial lobbyists are flocking to DC this week. Of course, the big players who can afford lobbyists work the regulations in their favor, while their smaller competitors are left out in the cold. The result here are regulations that institutionalize the “too big to fail” mentality.

Moreover, the financial reform bill gives regulators the power to pick winners and losers, institutionalizing their ability to decide “which firms to rescue or close, and which creditors to reward and how.” Does anyone doubt that firms with the most lobbyists and the biggest campaign donations will be the ones who get seats in the lifeboat? The president is trying to convince us that he’s taking on the Wall Street “fat cats,” but firms like Goldman Sachs are happy with federal regulation because, as one of their lobbyists recently stated, “We partner with regulators.”

They seem to have a nice relationship with the White House too. Goldman showered nearly a million dollars in campaign contributions on candidate Obama. In fact, J.P. Freire notes that President Obama received about seven times more money from Goldman than President Bush received from Enron. Of course, it’s not just the donations; it’s the revolving door. You’ll find the name Goldman Sachs on many an Obama administration résumé, including Rahm Emanuel’s and Tim Geithner’s chief of staff’s. …

Commonsense conservatives acknowledge the need for financial reform and believe that government can play an appropriate role in leveling the playing field and protecting “the dynamism of American capitalism without neglecting the government’s responsibility to protect the American public.” We’re listening closely to the reform discussion in Washington, and we know that government should not burden the market with unnecessary bureaucracy and distorted incentives, nor make a dangerous “too-big-to-fail” mentality the law of the land.

Large firms like Goldman Sachs usually back regulation for a couple of rational reasons.  Regulation tends to favor the status quo, and since they already occupy a large position in the industry, Goldman Sachs would prefer to see that position institutionalized.  Because of their size, the compliance costs don’t impact them as much as they do with smaller competitors, making the smaller companies less of a threat.  Mostly, though, the large players usually get deeply involved in supporting the politicians in both parties that write the regulations, and that usually means the regulations wind up working for them than against them.

That’s the kind of crony capitalism about which Palin warns in her essay, and she saw it first hand in Alaska.  It creates firms that become “too big to fail,” not necessarily for economic reasons but for political reasons.  Excessively regulating industries to promote the interests of its largest players helps make those firms so large that their collapses would create outsized effects on the American economy.

In other words, if you want to end “too big to fail,” getting the endorsement of Goldman Sachs on regulatory changes is probably a counterindication rather than a good sign.

That isn’t to say that some regulatory changes shouldn’t be made.  The derivatives market went largely unsupervised in the years preceding the collapse, for instance, and better oversight is needed on that segment.  However, that was a secondary problem in the financial meltdown. The primary problem was the government intervention in the lending markets that created an irrational bubble in housing — driven by regulation that attempted to expand home ownership by indemnifying lenders against losses on marginal home loans.  That was also crony capitalism, making lenders big financial players and giving firms like Goldman Sachs opportunities to make billions on the junk bonds produced by the process.

We need rational and limited government oversight to ensure that investors don’t get defrauded out of their money.  What we don’t need is the continuation of government picking winners and losers in markets, if for no other reason than because the 2008 collapse showed just how bad it is at making those choices.


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You know, the vitriol, attacks, name calling, etc. against those who seriously question Palin’s status as a brilliant politician (and idea seemingly held my many here) makes me wonder if the left isn’t right in part when they talk about hateful signs at the tea party rallies.

TheBlueSite on April 23, 2010 at 1:34 PM

There you go, trying to think again. Not one post has proclaimed Palin as “brilliant”, we simply have said that she knows what she’s talking about, and states it clearly and concisely, and gets the media’s attention. We are happy that SOMEONE on the right is speaking out our concerns for us. That she understands what worries us is why we so enthusiastic about her.
You have never presented one single fact to back up your slurs. When you throw mud, be prepared to have it thrown back at you.

lovingmyUSA on April 23, 2010 at 1:46 PM

I defended her throughout the campaign, but I lost all faith in her when she quit her job.

TheBlueSite on April 23, 2010 at 1:43 PM

You know, you’re not exactly Walter Cronkite to Johnson’s Vietnam War when it comes to your support for Sarah.

Somehow, Sarah will muddle through and be our next President in 2013 without your whining and contentiousness.

Jenfidel on April 23, 2010 at 1:48 PM

portlandon on April 23, 2010 at 1:46 PM

My case has been made that she’s not a brilliant political force. Look at her polling among moderates after she quit her job. I’m NOT a moderate. I’m a conservative on pretty much every issue you can think of. And even I passed on her after she made that move. When she became a pundit and facebooker who started taking in millions while claiming the label of soccer mom avg joe, THAT is when she lost me completely. I think a lot of people feel the same way. I felt duped (mostly by McCain- I thought she couldn’t be as dumb as she looked with Couric if McCain chose her as VP).

Hell, she can’t even win polls among conservatives as to who should be the next president, and moderates still dislike her but even more than they did before.

TheBlueSite on April 23, 2010 at 1:49 PM

I defended her throughout the campaign, but I lost all faith in her when she quit her job.

TheBlueSite on April 23, 2010 at 1:43 PM

LOL. Hey, you can tell a joke after all!

littleguy on April 23, 2010 at 1:49 PM

Sarah totally gets it! She’s fought corruption and the good ole boys in Alaska.

She is pulling back the curtain and exposing this fraud Obama & Congress want to fool the public with.

She was right on Obamacare too (we are now getting official reports that Healthcare costs will go up not down like Obama & Congress promised).

sarahpalinfan99 on April 23, 2010 at 1:49 PM

Not one post has proclaimed Palin as “brilliant”, we simply have said that she knows what she’s talking about, and states it clearly and concisely, and gets the media’s attention. We are happy that SOMEONE on the right is speaking out our concerns for us. That she understands what worries us is why we so enthusiastic about her.
You have never presented one single fact to back up your slurs. When you throw mud, be prepared to have it thrown back at you.

lovingmyUSApsychosis on April 23, 2010 at 1:46 PM

Actually, there have been quite a few nutjobs who have proclaimed Palin as “brilliant” as hard to believe as that is.

FlickeringFlame on April 23, 2010 at 1:50 PM

Her quitting her job halfway through, and the ensuing decline among independents told me she was an idiot.

I defended her throughout the campaign, but I lost all faith in her when she quit her job.

TheBlueSite on April 23, 2010 at 1:43 P

TheBlueSite: Really,so Kathleen Sebelius,who was a Governor
of Kansas is a quitter too,and an idiot,accord
ing to your logic!!

canopfor on April 23, 2010 at 1:50 PM

PS: Why is Goldman still classified as a bank holding company and NOT an investment bank?

John9400 on April 23, 2010 at 1:39 PM

GS just became a bank holding company this year, prior to that it was an investment bank. Just look it up.

As far as AIG paying out money to all these companiesm GS etc, it is called honoring a contract, nothing more than following the law. If AIG would have went bankrupt instead of government bailout, the 80 billion plus they paid out would not have happened. Anyway, it is all the governments fault, I know that, if you are unsure do a lot of research and reading, wasting your day on a forum will not educate you.

jywill on April 23, 2010 at 1:51 PM

She was right on Obamacare too (we are now getting official reports that Healthcare costs will go up not down like Obama & Congress promised).

sarahpalinfan99 on April 23, 2010 at 1:49 PM

She was right on ObamaCare??? REALLY???

Oh wait, last time I checked, every single republican senator and congressperson eventually voted against ObamaCare. So, I guess EVERY SINGLE REPUBLICAN was right about ObamaCare…. not just prophetess Palin.

FlickeringFlame on April 23, 2010 at 1:52 PM

canopfor on April 23, 2010 at 1:50 PM

Umm. Sebelius I don’t like because her troubling stance on abortion. But, she quit a job to take a higher position. Palin quit to facebook and collect millions in speaking fees. No comparison.

TheBlueSite on April 23, 2010 at 1:53 PM

Would you include those whose one issue is being anti-abortion? Or for having less taxes?

Dark-Star on April 23, 2010 at 1:37 PM

Yes I would.

lovingmyUSA on April 23, 2010 at 1:53 PM

Actually, there have been quite a few nutjobs who have proclaimed Palin as “brilliant” as hard to believe as that is.

FlickeringFlame on April 23, 2010 at 1:50 PM

She is obviously far more “billiant” than you. No one will find that hard to believe.

littleguy on April 23, 2010 at 1:53 PM

My case has been made that she’s not a brilliant political force.
TheBlueSite on April 23, 2010 at 1:49 PM

So says you, but you happen to be wrong.

Sarah’s made $12 million in 9 months.
Thousands come to see her and hear her speak.
Her book sold 2.5 million copies.
She has over 1.5 million Fans on Facebook.
She has a gig on Fox News and sold a reality show on AK to the Discovery Channel for $2 million.

Mitt & Neut(ered) would *kill* to be such a brilliant politician.
Even NObama would, too–his ratings are going into the basement, while Sarah–always popular in AK–is more popular than ever.

Jenfidel on April 23, 2010 at 1:53 PM

Dark-Star on April 23, 2010 at 1:37 PM

If you’re going to be a one-issue voter, make it count. SCOTUS appointments.

ladyingray on April 23, 2010 at 1:55 PM

Really,so Kathleen Sebelius,who was a Governor
of Kansas is a quitter too,and an idiot,accord
ing to your logic!!

canopfor on April 23, 2010 at 1:50 PM

Well, yeah she does suck. But that is besides the point.

Only a Palin nut would have difficulty in distinguishing quiting a post as governor midway through his/her term because he/she was called up by the POTUS to work in his administration with quitting a post as governor so she could take it easy, work less hours, and make lots of money saying nothing more insiteful than the average high-school graudate to happens to be conservative.

FlickeringFlame on April 23, 2010 at 1:56 PM

Jenfidel on April 23, 2010 at 1:53 PM

That list is nice and all, but I could say the same thing ten fold about Al Gore. Doesn’t make him a brilliant political force. Just makes the case that people are dumb.

TheBlueSite on April 23, 2010 at 1:56 PM

TheBlueSite on April 23, 2010 at 1:49 PM

Do you get an incentive bonus for hitting all the liberal troll talking points in one post?

lovingmyUSA on April 23, 2010 at 1:57 PM

Yes I would.

lovingmyUSA on April 23, 2010 at 1:53 PM

Good to know for the record. Thank you.

Dark-Star on April 23, 2010 at 1:57 PM

canopfor on April 23, 2010 at 1:50 PM
=========================================
Umm. Sebelius I don’t like because her troubling stance on abortion

TheBlueSite on April 23, 2010 at 1:53 PM

TheBlueSite: Well that was a clever comeback,so your saying,
you detest,and have a distaste for Governors/
or/women!!

canopfor on April 23, 2010 at 1:57 PM

Oh, look. The Troll twins. One lies and the other swears to it.

kingsjester on April 23, 2010 at 1:57 PM

Actually, there have been quite a few nutjobs who have proclaimed Palin as “brilliant” as hard to believe as that is.

FlickeringFlame on April 23, 2010 at 1:50 PM

She doesn’t have nearly as many nut jobs saying she’s brilliant as does Comrade Urkel, Mr. Corpseman-57 states-profit & earnings ratio-”typical white woman,” with his policy wonk sycophants.

Jenfidel on April 23, 2010 at 1:57 PM

She doesn’t have nearly as many nut jobs saying she’s brilliant as does Comrade Urkel, Mr. Corpseman-57 states-profit & earnings ratio-”typical white woman,” with his policy wonk sycophants.

Jenfidel on April 23, 2010 at 1:57 PM

I thought you said you were a certiable genius?

Nobody is suggesting that they like Obama.

That is the definition of a very poorly done straw man.

FlickeringFlame on April 23, 2010 at 1:59 PM

TheBlueSite on April 23, 2010 at 1:49 PM
=============================
Do you get an incentive bonus for hitting all the liberal troll talking points in one post?

lovingmyUSA on April 23, 2010 at 1:57 PM

lovingmyUSA: Nice grouping!:)

canopfor on April 23, 2010 at 1:59 PM

certiable = certifiable

FlickeringFlame on April 23, 2010 at 1:59 PM

…called up by the POTUS to work in his administration…

FlickeringFlame on April 23, 2010 at 1:56 PM

Like calling the dogs? Do you bark at the moon?

littleguy on April 23, 2010 at 1:59 PM

If a company is too big to fail it is too big.

we need are government to enforce anti-trust laws. Monopolies may be good for shareholders and CEO’s but they are bad for capitalism and consumers.

unseen on April 23, 2010 at 11:46 AM

I see that Apple Computer now has the 2nd largest market value of any company lagging only Exxon. I wonder if it is too big to fail. Is Apple a monopoly?

Dasher on April 23, 2010 at 2:00 PM

I defended her throughout the campaign, but I lost all faith in her when she quit her job.

TheBlueSite on April 23, 2010 at 1:43 PM

That was the best option she had since the POS POTUS sicked the liberal dogs of war on a sitting Governor of a Sovereign State with no regard as to what their multitudes of unfounded legal filings would do to that state or her people.
She quit early thus was able to name a successor who would continue her work in her mold and free her to fight back, as she is currently doing.

Anyone who cannot see that is either not smarter than a fifth grader or is being disingenious and merely spouting taking points…. Pretending to be a former supporter who is in fact a troll of the Obamabots.

Look and think before you yap, it lends a smidgen more credibilty to your credibilty strained arguments.

dhunter on April 23, 2010 at 2:00 PM

So you do this gig so that you “could take it easy, work less hours, and make lots of money saying nothing more insiteful than the average high-school graudate to happens to be conservative.”???

FlickeringFlame on April 23, 2010 at 1:56 PM
Working out of your mom’s basement, and getting paid by Axlerod sure it working for ya…Maybe you can work on getting that GED next…

lovingmyUSA on April 23, 2010 at 2:00 PM

insiteful than the average high-school graudate to happens to be conservative.

FlickeringFlame on April 23, 2010 at 1:56 PM

I know Palin’s a moron compared to you, but I’ll bet she can spell “insightful” and “graduate.”

notropis on April 23, 2010 at 2:01 PM

so she could take it easy, work less hours, and make lots of money saying nothing more insiteful than the average high-school graudate to happens to be conservative.

FlickeringFlame on April 23, 2010 at 1:56 PM

She isn’t taking it easy!
She’s on the road and giving speeches every spare moment.
I don’t think she’s been home in AK for weeks.
Just because you don’t find her speeches above the level of high-school graduate, doesn’t mean the rest of us don’t find them compelling.
That would be a private, college-preparatory high school grad, too.

BTW, “insiteful” is properly spelled “insightful.”
Just so you know, “genius.”

Jenfidel on April 23, 2010 at 2:01 PM

FlickeringFlame on April 23, 2010 at 1:50 PM
========================
She doesn’t have nearly as many nut jobs saying she’s brilliant as does Comrade Urkel, Mr. Corpseman-57 states-profit & earnings ratio-”typical white woman,” with his policy wonk sycophants.

Jenfidel on April 23, 2010 at 1:57 PM

Jenfidel:Don`t forget GaffBiden`s Three-Letter Word: J-O-B-S

Jus try`n to help:)

canopfor on April 23, 2010 at 2:02 PM

I know Palin’s a moron compared to you, but I’ll bet she can spell “insightful” and “graduate.”

notropis on April 23, 2010 at 2:01 PM

ROFL!!!
Love it, notropis!

Jenfidel on April 23, 2010 at 2:02 PM

I see that Apple Computer now has the 2nd largest market value of any company lagging only Exxon. I wonder if it is too big to fail. Is Apple a monopoly?

Dasher on April 23, 2010 at 2:00 PM

^ how NOT to make a strawman.

Dark-Star on April 23, 2010 at 2:03 PM

IF SHE DOESN’T RUN IN 2012……..

…..The GOP will never find Cajones to stand up for anything.

PappyD61 on April 23, 2010 at 2:03 PM

GS just became a bank holding company this year, prior to that it was an investment bank. Just look it up.

…wasting your day on a forum will not educate you.

jywill on April 23, 2010 at 1:51 PM

Goldman Sachs became a bank holding company on September 21st, 2008.

http://www2.goldmansachs.com/our-firm/press/press-releases/archived/2008/bank-holding-co.html

You sure talk big for someone who has absolutely no command of the facts.

John9400 on April 23, 2010 at 2:04 PM

dhunter on April 23, 2010 at 2:00 PM

That’s just it though. When it comes to ethic complaints, Palin has no one to blame but herself, as she was the one who introduced the ethics reform that allowed this. And besides, that’s called quitting when the going gets really tough. Can you imagine if Churchill had quit after the Blitz? What would have happened if Reagan had backed down from the Soviets because it was causing too much stress, and dammit he’d already been shot once.

Palin had no excuse to quit, unless being whiny constitutes a legit excuse these days.

TheBlueSite on April 23, 2010 at 2:05 PM

canopfor on April 23, 2010 at 1:50 PM
Well, yeah she does suck. But that is besides the point.

Only a Palin nut would have difficulty in distinguishing quiting a post as governor midway through his/her term because he/she was called up by the POTUS to work in his administration with quitting a post as governor so she could take it easy, work less hours, and make lots of money saying nothing more insiteful than the average high-school graudate to happens to be conservative.

FlickeringFlame on April 23, 2010 at 1:56 PM

FlickeringFlame:Actually,I was looking at it,through the
mind-set,of a KOOL-AIDED UP Liberal!!

canopfor on April 23, 2010 at 2:06 PM

TheBlueSite on April 23, 2010 at 1:58 PM

Newsflash, genius–Palin is NOT RUNNING! It really fries you that she doesn’t poll in the top numbers, yet influences and affects national politics. Damn, now I have to get you another chicken, you have worn that one out!

lovingmyUSA on April 23, 2010 at 2:08 PM

That is the definition of a very poorly done straw man.

FlickeringFlame on April 23, 2010 at 1:59 PM

You’re the one beating the straw man.
You were supposedly addressing the purported lack of intelligence of the entire U.S. electorate.

Jenfidel on April 23, 2010 at 2:08 PM

SECOND NAVY SEAL FOUND NOT GUILTY!!!!!!!!!!!!!!!!!!!!

lovingmyUSA on April 23, 2010 at 2:09 PM

“The House of Representatives rejected a Bush-backed economic bailout plan in a vote in which two-thirds of Republicans voted no. The impression this made on the electorate was not helpful to our cause. Millions of Americans were poised to go bankrupt or lose their savings, and the perception was that Republicans had failed to respond.”

-Sarah Palin, Going Rogue (lol), Republicans balking at bailouts not helpful to Sarah’s cause

Really what more do you want?

The Calibur on April 23, 2010 at 1:35 PM

She’s right, though. Even if it was the absolute incorrect action from the viewpoint of orthodox conservatism, the election was right then being lost because republicans looked ham-fisted on the financial crisis. Consider it from a very macro viewpoint: The People needed to see their leaders doing Something. The Something the GOP party leader (Bush) chose was TARP. The fact that much of the GOP did not support the Something was killer to the GOP ticket in 2008. The People felt like the republicans didn’t care. That’s just being politically astute.

alwaysfiredup on April 23, 2010 at 2:10 PM

That’s just it though. When it comes to ethic complaints, Palin has no one to blame but herself, as she was the one who introduced the ethics reform that allowed this.
TheBlueSite on April 23, 2010 at 2:05 PM

Incorrect.

Those ethics laws were put in place in 1998, long before Palin became Governor.

When it comes to whining, you wrote on that.

Jenfidel on April 23, 2010 at 2:10 PM

Newsflash, genius–Palin is NOT RUNNING!

lovingmyUSA on April 23, 2010 at 2:08 PM

Not yet.

It remains to be seen if Palin will prefer being legally untouchable and making money hand over fist to becoming POTUS.

Dark-Star on April 23, 2010 at 2:11 PM

Oops, meant to tell TheGooSite:
When it comes to whining, you wrote the book on that.

Jenfidel on April 23, 2010 at 2:10 PM

Jenfidel on April 23, 2010 at 2:11 PM

IF SHE DOESN’T RUN IN 2012……..

…..The GOP will never find Cajones to stand up for anything.

PappyD61 on April 23, 2010 at 2:03 PM

PappyD61:And,you can bet the farm on that:)

canopfor on April 23, 2010 at 2:11 PM

Ummmmm….Sarah Palin is a hypocrite. She fell into the “too big to fail” mentality and supported TARP along with her buddy McCain who lost the election when he suspended his campaign to go vote in favor of it. She is so yesterday.

Iowans Rock on April 23, 2010 at 2:11 PM

That’s just it though. When it comes to ethic complaints, Palin has no one to blame but herself, as she was the one who introduced the ethics reform that allowed this. And besides, that’s called quitting when the going gets really tough. Can you imagine if Churchill had quit after the Blitz? What would have happened if Reagan had backed down from the Soviets because it was causing too much stress, and dammit he’d already been shot once.

Palin had no excuse to quit, unless being whiny constitutes a legit excuse these days.

TheBlueSite on April 23, 2010 at 2:05 PM

OK, after this statement, it’s obvious your 8th grade education hasn’t gotten you anywhere. I really recommend you go back and get your GED and then come play with the grown-ups…

lovingmyUSA on April 23, 2010 at 2:12 PM

Newsflash, genius–Palin is NOT RUNNING!

lovingmyUSA on April 23, 2010 at 2:08 PM

Who let Joe Biden on here?

She may run. In fact, she hinted at it just a couple days ago. If she does, then let the chips fall where they may. If she’s truly as unqualified and dumb as her detractors insinuate, then she’ll make an ass out of herself in the primaries and a more respectable nominee will emerge victorious.

Doughboy on April 23, 2010 at 2:12 PM

Well, gotta go. Need to get to work. I have a late afternoon practice with my soccer team to prepare for our game tomorrow.

GO FLAMES!!!

FlickeringFlame on April 23, 2010 at 2:12 PM

Ummmmm….Sarah Palin is a hypocrite. She fell into the “too big to fail” mentality and supported TARP along with her buddy McCain who lost the election when he suspended his campaign to go vote in favor of it. She is so yesterday.

Iowans Rock on April 23, 2010 at 2:11 PM

Trollapolooza!

lovingmyUSA on April 23, 2010 at 2:13 PM

I sense there are a few wet mattresses out there this morning. How embarrassing for you.

Inanemergencydial on April 23, 2010 at 2:13 PM

She’s right, though. Even if it was the absolute incorrect action from the viewpoint of orthodox conservatism, the election was right then being lost because republicans looked ham-fisted on the financial crisis. Consider it from a very macro viewpoint: The People needed to see their leaders doing Something. The Something the GOP party leader (Bush) chose was TARP. The fact that much of the GOP did not support the Something was killer to the GOP ticket in 2008. The People felt like the republicans didn’t care. That’s just being politically astute.

alwaysfiredup on April 23, 2010 at 2:10 PM

An excellent, astute analysis of a very messy time and problem–thank you!

What a disaster that whole election was.
Sarah’s national prominence was the only good thing that came out of it.

Jenfidel on April 23, 2010 at 2:13 PM

Well, gotta go. Need to get to work. I have a late afternoon practice with my soccer team to prepare for our game tomorrow.

GO FLAMES!!!

FlickeringFlame on April 23, 2010 at 2:12 PM

Comic relief isn’t your strong suit…just saying…

lovingmyUSA on April 23, 2010 at 2:14 PM

Palin had no excuse to quit, unless being whiny constitutes a legit excuse these days.
TheBlueSite on April 23, 2010 at 2:05 PM

I just gave you two compelling reasons , actually three:
1. She was unable to perform her duties to the best of her abilities as she was tied up defending against frivolous lawsuits and it was hurting her State. (People)
2. She was able to NAME HER SUCCESSOR so that her projects and philosophy would continue in her mold unrestrained by the phony attacks of the leftists.
3. She was able to free herself to defend and define herself and go on the attack against her opponents. Its called going on offense.

Anyone who cannot GET those three simple reasons is hope a major reason we have the current crop of corruptocrats in DC.
We need a Fifth grader test to vote I say.

dhunter on April 23, 2010 at 2:16 PM

SECOND NAVY SEAL FOUND NOT GUILTY!!!!!!!!!!!!!!!!!!!!

lovingmyUSA on April 23, 2010 at 2:09 PM

lovingmyUSA:F*****G `A`! I heard the first Seal was found
not guilty,early this morning!:)

canopfor on April 23, 2010 at 2:16 PM

Doughboy on April 23, 2010 at 2:12 PM

Being clueless as to the crux of my statement is not becoming to you. Using it out of context is just plan stupid.

lovingmyUSA on April 23, 2010 at 2:16 PM

plan=plain, jeez

lovingmyUSA on April 23, 2010 at 2:17 PM

Jenfidel on April 23, 2010 at 2:10 PM

Palin signed ethics reform in 2007. According to several articles since, it was that reform that lead to the troubles she had with endless complaints. (15 of them I believe).

Can’t find the text of the 07 reforms online.

TheBlueSite on April 23, 2010 at 2:17 PM

FlickeringFlame on April 23, 2010 at 2:12 PM

Who follows this dude who must have afternoon classes?
ccr6?

dhunter on April 23, 2010 at 2:18 PM

lovingmyUSA on April 23, 2010 at 2:12 PM

Can you do anything besides call names and attack? You don’t quit when things get tough. Personally, I stopped supporting her after that. I think that’s a very valid reason, but your retort is, bwahaha, you have an 8th grade education and no GED! Hahaha PooPooface!

TheBlueSite on April 23, 2010 at 2:19 PM

Goldman Sachs became a bank holding company on September 21st, 2008.

http://www2.goldmansachs.com/our-firm/press/press-releases/archived/2008/bank-holding-co.html

You sure talk big for someone who has absolutely no command of the facts.

John9400 on April 23, 2010 at 2:04 PM

You are right, I was wrong. Time flys so its been a couple of years. I guess i don’t understand your question or point though

PS: Why is Goldman still classified as a bank holding company and NOT an investment bank?

John9400 on April 23, 2010 at 1:39 PM

why did you say “still…”? I got the impression you thought it was a bank holding company for more than 1.5 years.

jywill on April 23, 2010 at 2:20 PM

It remains to be seen if Palin will prefer being legally untouchable…

Dark-Star on April 23, 2010 at 2:11 PM

What on earth are you blathering about now? You and the flaming guy are really, really out there with the Palin-phobia, you know.

littleguy on April 23, 2010 at 2:23 PM

Palin signed ethics reform in 2007. According to several articles since, it was that reform that lead to the troubles she had with endless complaints. (15 of them I believe).

Can’t find the text of the 07 reforms online.

TheBlueSite on April 23, 2010 at 2:17 PM

I told you that you were wrong and I meant it.
The ethics rules she was being sued under were promulgated in 1998 which explains why you “can’t find the text of the ’07 reforms online.”
That, plus the fact that you’re a dishonest idiot.

Jenfidel on April 23, 2010 at 2:26 PM

My case has been made that she’s not a brilliant political force. Look at her polling among moderates after she quit her job. I’m NOT a moderate. I’m a conservative on pretty much every issue you can think of. And even I passed on her after she made that move. When she became a pundit and facebooker who started taking in millions while claiming the label of soccer mom avg joe, THAT is when she lost me completely. I think a lot of people feel the same way. I felt duped (mostly by McCain- I thought she couldn’t be as dumb as she looked with Couric if McCain chose her as VP).

Hell, she can’t even win polls among conservatives as to who should be the next president, and moderates still dislike her but even more than they did before.

TheBlueSite on April 23, 2010 at 1:49 PM

Translation: I will not vote for Sarah Palin during the Primaries.

Your case has been made.

portlandon on April 23, 2010 at 2:27 PM

TheBlueSite on April 23, 2010 at 2:17 PM

So,
ethics reform = bad
Sarah = stupid for signing it
Sarah = quiter for resigning and bringing the fight to the corruptocrats who used a good policy against her in a frivoulous and malicious way.

Its pretty easy for me to see the consistency here in a FIGHTER who took on the curroptocrats by reforming the system and when those corruptocrats turned the system against her, cynically and maliciously, effectively tying her hands, she found a way to continue the fight and is winning it to this day.
Alaskas’ business is being done in her philosophical stance by her named successor and she is bringin the fight directly to those who brought it to her.

Thus all the pants pissing from the DC elites and the political, industrial, media alliance who would have preferred she had stayed in Alaska and been destroyed by their slander.

Continue on Sarah!

dhunter on April 23, 2010 at 2:28 PM

why did you say “still…”? I got the impression you thought it was a bank holding company for more than 1.5 years.

jywill on April 23, 2010 at 2:20 PM

Goldman switched to a bank holding company to get government guarantees. Basically mooching off the government by pretending to be a deposit taking institution when all it does is gamble in the stock market.

Now it’s making billions a quarter and paying out billions in bonuses and it’s STILL mooching off the government.

But with so many Goldman alums in positions of power, who cares if Goldman leeches some corporate welfare here or there? Crony capitalism at its best.

John9400 on April 23, 2010 at 2:31 PM

Did you guys see the news from Bristol’s testimony in the hacking case going on right now. The kid that did the hacking was asked after the trial yesterday what he thought of Bristol and he said, “she’s not my type”. This guy is facing a possible 50 years in prison and the turd issues a flippant comment like that? UNBELIEVABLE! I thought the 50 years was way, way excessive and a year or so would be more appropriate. However, it appears this kid doesn’t even care the harm he did to several people. He should get at least 10 years. I also think it is poetic justice that the trial is taking place in “Palin Country” where she is hugely popular. Finally, something to go Palin’s way.

ramrants on April 23, 2010 at 2:33 PM

doesnt help our side when Sarah Palin comes out with a Facebook entry about an issue that she knows nothing about. Does anybody think she understands synthetic mortgage-backed default swaps which is what the Goldman Sachs issue is about?

FlickeringFlame on April 23, 2010 at 12:16 PM

If you think that these things are too esoteric to understand, perhaps it is YOU who should cease posting entries which you know nothing about.

I think Sarah’s comments indicate she understands these things and their potential impact upon our country very well.

landlines on April 23, 2010 at 2:39 PM

This woman is Washington, Patton, and LaGuardia wrapped up in one. This country needs her.
and Allen West.

lonestar1 on April 23, 2010 at 2:40 PM

Umm, no.
I took the test and passed it–I am indeed a bona fide member of Mensa.

Jenfidel on April 23, 2010 at 1:05 PM

Sorry Jenfidel but that’s not possible.

You can’t be intelligent. You support Palin and super smarty smart people don’t support Palin…only knuckle dragging hicks from the sticks support Palin.

Please correct your error and conform to the narrative of the elitists or be shunned.

powerpro on April 23, 2010 at 2:44 PM

When she became a pundit and facebooker who started taking in millions while claiming the label of soccer mom avg joe, THAT is when she lost me completely.

TheBlueSite on April 23, 2010 at 1:49 PM

Both your comments (all of them liberal talking points) and your screen name suggest that you are just a garden-variety Liberal. You can’t stand someone being successful. You can’t stand someone else making money. You can’t face up to reality.

No, you are not a Moderate. And you can stop trying to pretend you are a Conservative.

landlines on April 23, 2010 at 2:49 PM

TheBlueSite on April 23, 2010 at 2:19 PM

Your comments have relegated you to the children’s table–so all you have to do is state something intelligent and factual. When you are finally able to do that, then come eat at the grown-up table.
Until then, “go away kid, ya bother me”

lovingmyUSA on April 23, 2010 at 2:53 PM

Oh please, anyone who suggests that Palin and/or supporters are, by definition, “stupid,” frankly just reveals their own thinking.

And that is stereotypical boxy talking-point thinking.

The rest of us aren’t interested. We’re interested in the actual ideas.

AnninCA on April 23, 2010 at 2:54 PM

To all you trolls at the beginning of February the NYT disclosed that Sarah Palin was getting daily briefings from Washington insiders on domestic and foreign policy issues and had for some time, which was confirmed by Palin herself in her interview with Chris Wallace a couple of days later.

Would it be a stretch to infer that Palin has recently been getting briefings on Goldman’s-Sachs and the issues pertaining to “government regulation and the financial sector”? I don’t think so, and neither should you my friends in trolldom.

But like good little Fascists you want to deny reality and demonize the messenger to protect your tin pot dictator and Messiah. And you of course will never admit that Palin is getting these briefings because if you did, then you would have to admit that Palin is running for POTUS, and if you had to admit that, then you might open to the door to her becoming fully POLITICALLY LEGITIMIZED, which of course you can never allow to happen.

technopeasant on April 23, 2010 at 2:56 PM

TheBlueSite on April 23, 2010 at 1:49 PM

Do you get an incentive bonus for hitting all the liberal troll talking points in one post?

lovingmyUSA on April 23, 2010 at 1:57 PM

If it walks like a troll..

the_nile on April 23, 2010 at 2:58 PM

FlickeringFlame on April 23, 2010 at 12:57 PM

Why some Palin supporters think Mittbots are as bad as libs or Paulnuts. And why Mitt may get as much support from them if he is the nominee as the Mittbots are likely to give Palin.

katiejane on April 23, 2010 at 2:59 PM

I may be a simpleton but I am not politically stupid. I have followed politics for an awful long time and have learned how to read the tea leaves. And I understand Fascism and Marxism and Socialism when it stares me in the eye. And whenever I have some doubts, I just listen to Rush Limbaugh and I realize that I was on the money all the time.

technopeasant on April 23, 2010 at 3:00 PM

technopeasant on April 23, 2010 at 2:56 PM

I think it’s pretty clear that this is where she’s heading.

Once the 2010 cycle is in our rear view mirrors, I expect we’ll see her shift from her role as an activist to that of an activist/candidate.

As for the polls that some post here to “prove that she’s unelectable”…it’s my humble opinion that polls regarding 2012 for the most part should be ignored for at least another year. Right now I think they’re being used to create or reinforce a narrative rather than predict who will and will not be viable for 2012.

If after a campaign with her as candidate her numbers are consistently off…and I mean going into the summer of 2012, then we should take note. But now? It’s just a distraction at best and a method to discourage at worst.

powerpro on April 23, 2010 at 3:02 PM

I still trust Sarah Palin. She is truthful. Truth. is. good.

Lies and the lying liars who tell lies just suck in the most evil way possible.

redwhiteblue on April 23, 2010 at 3:08 PM

Sorry Jenfidel, had to go get an oil change.

Couric interview:

http://www.youtube.com/watch?gl=GB&hl=en-GB&v=txfqWzGMgmY

Wow it hurts to listen to that one.

The Calibur on April 23, 2010 at 3:15 PM

I defended her throughout the campaign, but I lost all faith in her when she quit her job.

TheBlueSite on April 23, 2010 at 1:43 PM

That just shows how much of a dimwit you are. If you had been in her shoes, would you have allowed your family to be driven into bankruptcy?

NoNails on April 23, 2010 at 3:15 PM

Does anybody think she understands synthetic mortgage-backed default swaps which is what the Goldman Sachs issue is about?

FlickeringFlame on April 23, 2010 at 12:16 PM
If you think that these things are too esoteric to understand, perhaps it is YOU who should cease posting entries which you know nothing about.

I think Sarah’s comments indicate she understands these things and their potential impact upon our country very well.

landlines on April 23, 2010 at 2:39 PM

OK. So you believe that she understands synthetic mortgage-backed default swaps. Great. And your judgement is clearly nutty.

took the test and passed it–I am indeed a bona fide member of Mensa.

Jenfidel on April 23, 2010 at 1:05 PM
Sorry Jenfidel but that’s not possible.

You can’t be intelligent. You support Palin and super smarty smart people don’t support Palin…only knuckle dragging hicks from the sticks support Palin.

powerpro on April 23, 2010 at 2:44 PM

This is one of those cases when somebody tries to be sarcastic and ends up simply telling the truth instead.

FlickeringFlame on April 23, 2010 at 3:50 PM

Does anyone here actually support Palin’s stance on big oil? In most other threads, most here are against windfall profit taxes, but when Palin did it, and brags about that stuff in this posting, we support it?

TheBlueSite on April 23, 2010 at 11:19 AM

I love morons who don’t understand Alaska’s oil situation and somehow call it “socialism” or what Sarah did a “findfall profit’s tax” It shows you have a brain the size of a gnat, and the IQ of an ice cube.

First, dummy, the Alaskan PEOPLE own the oil. They way it works is in exchange for having no state income, or sales tax, they basically share the profits from the sale of THEIR oil with the state. The state then sends out dividend checks. This works like it would with a publicly traded company.

What Sarah saw was the fact that while the price of crude was going through the roof, Alaska wasn’t seeing much of an increase in their share.

Sarah simply renegotiated the sales agreement. The what she would sell the state’s oil for.

This took serious guts. The fight was epic. So epic in fact, a book was written about it! “Sarah Takes On Big Oil

The oil companies were pissed, and threatened court action. Sarah looked ‘em dead in the eye and told ‘em to go ahead..she knew the way to the court house too.

Funny thing, just as Sarah had told them it would, the oil companies, who were indeed paying Alaska a higher (and fairer) price, actually saw their profits INCREASE under Sarah’s plan, and now they LOVE HER!

It was a HUGE win-win!

You think Mitt Romney could pull something like that off?

Sarah Palin is one smart cookie. Lot smarter than most who run for office, and a lot smarter than anyone in the Obama regime or thinking about running in 2012.

gary4205 on April 23, 2010 at 4:01 PM

http://www.alaskadispatch.com/voices/tundra-talk/4404-its-our-oil-but-its-their-investment

TheBlueSite on April 23, 2010 at 12:10 PM

Oh man, quote a far left loon website…that sure doesn’t help your credibility at all.

gary4205 on April 23, 2010 at 4:16 PM

To all you trolls at the beginning of February the NYT disclosed that Sarah Palin was getting daily briefings from Washington insiders on domestic and foreign policy issues and had for some time, which was confirmed by Palin herself in her interview with Chris Wallace a couple of days later.

Would it be a stretch to infer that Palin has recently been getting briefings on Goldman’s-Sachs and the issues pertaining to “government regulation and the financial sector”? I don’t think so, and neither should you my friends in trolldom.

But like good little Fascists you want to deny reality and demonize the messenger to protect your tin pot dictator and Messiah. And you of course will never admit that Palin is getting these briefings because if you did, then you would have to admit that Palin is running for POTUS, and if you had to admit that, then you might open to the door to her becoming fully POLITICALLY LEGITIMIZED, which of course you can never allow to happen.

technopeasant on April 23, 2010 at 2:56 PM

No comment, this was just so absolutely spot on it bears repeating!!!

gary4205 on April 23, 2010 at 4:19 PM

EVERY SINGLE REPUBLICAN was right about ObamaCare…. not just prophetess Palin.

FlickeringBrain on April 23, 2010 at 1:52 PM

Hate to break it to you, flamer, but there is one Republican who was and remains dead wrong on Obamacare….You know who I mean….the same guy who signs your blog-trolling checks. Unless you no longer even bother to count Mitt “I like Mandates” Romneycare as a Republican. btw, speaking of Mittens, where’s he hiding now? The guy is invisible.

james23 on April 23, 2010 at 4:26 PM

katiejane on April 23, 2010 at 2:59 PM

Romney as GOP nominee = third party run by a real conservative as a real alternative to statism.

james23 on April 23, 2010 at 4:28 PM

where’s he hiding now? The guy is invisible.

james23 on April 23, 2010 at 4:26 PM

watchin for which way the parade is gonna turn so he can jump out in front and pretend he was the leader all along?

dhunter on April 23, 2010 at 4:43 PM

Hate to break it to you, flamer, but there is one Republican who was and remains dead wrong on Obamacare….You know who I mean….the same guy who signs your blog-trolling checks. Unless you no longer even bother to count Mitt “I like Mandates” Romneycare as a Republican. btw, speaking of Mittens, where’s he hiding now? The guy is invisible.

james23 on April 23, 2010 at 4:26 PM

Ah, I see. You are one of those people too dumb to understand the difference between a blue state working out a solution to a health insurance crisis and a federal government take over of the healthcare industry. Wow…thats dumb.

Lemme guess….Palin fan?

Regarding where Romney has been. He has been giving speeches, leading republican polls, touring his book which is a well-thought out book on foreign and domestic policy not some simplistic autobiography full of patting herself on the back like “Going Rogue” which btw barely beats Audacity of Hope when it comes to anything substantive.

FlickeringFlame on April 23, 2010 at 4:55 PM

Wow it hurts to listen to that one.

The Calibur on April 23, 2010 at 3:15 PM

I’ve never listened to it and I don’t plan to do so now.

The Perky One is going down, not Sarah!

Jenfidel on April 23, 2010 at 4:58 PM

Mitt Romney punches puppies, engages in infidelity, and doesn’t recycle, allegedly.

Inanemergencydial on April 23, 2010 at 4:58 PM

FlickeringFlame on April 23, 2010 at 4:55 PM

Your campaign of verbally abusing people and impugning their intelligence is most certainly NOT going to win voters over to Mittens.
Not today.
Not any day.

Jenfidel on April 23, 2010 at 5:03 PM

FlickeringFlame on April 23, 2010 at 4:55 PM

Maybe Flip Flopney can buy our votes.
You know, like he did to win the MI GOP primary?
He’s pretty rich…
Mitt might be “touring,” but he had to buy his own book to get it to #1 on the NYTimes bestseller list!
Double daggers, anyone?! LOLOLOL

Jenfidel on April 23, 2010 at 5:06 PM

Jenfidel on April 23, 2010 at 5:03 PM

Are you saying that as a certifiable member of Mensa or as somebody who is simply certifiable??

HA HA

FlickeringFlame on April 23, 2010 at 5:07 PM

Are you saying that as a certifiable member of Mensa or as somebody who is simply certifiable??

HA HA

FlickeringFlame on April 23, 2010 at 5:07 PM

I’m saying it as a human being with a pulse, as well as a good brain.

You’re not attracting any one to take a second look at Mittens, not even AP.
In fact, dare we say you’re repulsing us?

Jenfidel on April 23, 2010 at 5:24 PM

FlickeringFlame on April 23, 2010 at 5:07 PM

I disagree with the opinions you present in your posts.

Therefore, everything you say that I don’t like is talking points, and we all know that talking points are always %100 false propaganda.

Furthermore, for disagreeing with me, you are clearly stupid/mentally defective and not worth listening to.

By the way, I remember how offended you got when some people made fun of your screen name. You explained that the name was the name of your young children’s softball team.

Guess what?
You chose to name yourself after this team, therefore you have chosen to expose your own children to the rough and tumble world of HotAir threads.
This ain’t beanbag, pal.
Any ridicule your children have suffered is totally your own fault.
You have decided they could serve as some sort of “prop” for your opinions.
Can’t your opinions stand on their own merit, without a sympathy prop of a kid’s team as a screen name?
Sorry, they are FAIR GAME.
These are the new rules as of 2008.

Brian1972 on April 23, 2010 at 5:31 PM

Brian1972 on April 23, 2010 at 5:31 PM

That may be the single lamest thing I have ever read.

Guess what?
You chose to name yourself after this team, therefore you have chosen to expose your own children to the rough and tumble world of HotAir threads.
This ain’t beanbag, pal.
Any ridicule your children have suffered is totally your own fault.
You have decided they could serve as some sort of “prop” for your opinions.
Can’t your opinions stand on their own merit, without a sympathy prop of a kid’s team as a screen name?
Sorry, they are FAIR GAME.

I cant tell if that was a lame attempt at sarcasm or just a really lame post.

Why would a bunch of 6 yr olds go on HotAir?

duh

FlickeringFlame on April 23, 2010 at 6:11 PM

PS: GO FLAMES!!

FlickeringFlame on April 23, 2010 at 6:21 PM

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