Rachel Maddow and Paul Krugman weigh in on Sarah Palin’s misguided talking points in her recent speech to financial executives in Hong Kong. Palin apparently thinks that the solution to our economic mess in the United States is less government regulation rather than more to rein the bankers and Wall Street in for their bad behavior.
As Krugman notes we need more regulation and consumer protections and if we can’t even fix the simple things that should be a no brainer like consumer protections, how are we going to fix the bigger problems?
Sarah Palin made her international debut today in a closed-door speech at the CLSA Investors’ Forum in Hong Kong. AFP reports that Palin’s speech, which touched on issues like international terrorism and the U.S. debt, “divided” the audience and even prompted a few delegates to leave in disgust:
Former US vice-presidential nominee Sarah Palin divided an international audience of financial big-hitters at her first speech outside North America on Wednesday with some leaving in disgust. [...]
Some listeners praised her forthright views on government social and economic intervention but others walked out early citing boredom or disgust. [...]
A US delegate leaving early with a colleague said: “it was awful, we couldn’t stand it any longer.”
As Krugman noted during this interview unfortunately Sarah Palin is not that far out of the mainstream of the Republican Party with her views on regulation.