KARL DENNINGER Commentary ~ Sarah Palin, Economy and the Republicans

[peaceandlove]

Sarah Palin And The Republicans

Sunday, July 5. 2009
Posted by Karl Denninger

Since its Sunday (and the 5th of July) I think I'll take a foray into somewhere that I know will generate much controversy.

First, let's start with Sarah Palin, who as everyone knows announced her resignation with 18 months left to go in her term as Alaska's Governor http://www.msnbc.msn.com/id/31745445...shington_post/ , sparking every possible theory imaginable as to why (including rumors that she was about to be indicted - rumors that led her attorney to make what I believe was a monstrous gaffe, and one that The Daily Kos http://www.dailykos.com/storyonly/20...uits-UPDATE-X3 immediately - and in my opinion correctly - jumped all over.)

Let's dispense with the realities here right up front: If Sarah's departure is followed by the eruption of any scandal, no matter what it is, she is finished on the national political stage. Period. If she doesn't understand this she has an IQ smaller than her shoe size; the only way you can win as a political figure in such a circumstance is to stand and fight, winning the battle - you come out scarred, but in one piece. If you run, especially if you run in front of the eruption, you're done.

So let's assume for the sake of argument that she's intelligent enough to know this and there is nothing about to hit the spotlight of a particularly-embarrassing nature (and by the way, I consider anything related to her children to be absolutely out of bounds, even though the media won't - during the campaign such snipes were good for instantaneous and permanent bans on my forum and will remain so.)

The other view, held by many, is that Sarah is setting up for some sort of political assault in 2012, possibly on the White House.

I will simply repeat what I said to John McCain's campaign through the summer and into the fall of 2008:

There is no possible path to victory for the Republicans until and unless the fraud and bad debt are both excised from the economic and political system.

It is a mathematical impossibility for the economy to recover on a sustainable basis until the bad debt has been either paid down or defaulted. Taking on more debt and shuffling around where the debt resides does not remove a single dollar of it from the economy; such policy decisions as taken by both Bush and Obama cannot and have not resulted in a positive outcome.

Increasing The Bezzle http://market-ticker.denninger.net/a...-and-CNBS.html in the system in an insane attempt to further paper over the losses will not solve the underlying problem - that is, the fact that the debt service ratios are too high. There are only two ways to reduce that debt service requirement - default debt or pay down debt. The latter requires years, not weeks or months, and when it comes to mortgages (both commercial and residential) we're talking a decade or more.

The last time we took this path we had The Great Depression. The last time Japan took this path they suffered more than a decade's worth of economic malaise, and still haven't recovered.

There has never been a nation in history that has managed to get out of a credit-led recession through taking on more debt.

Continues: http://market-ticker.denninger.net/a...publicans.html

[Unified Serenity]

Sarah Palin revived McCain's dying campaign and since she was tapped as his VP running mate she has been the target of the left which of course includes the major media. She had over a 90% approval rating before she ran, and now her numbers have gone down.

She has had to fight 15 spurious allegations of ethics violations which she and her administration have been cleared of. These constant nit picking assaults have cost Alaska millions and now Gov. Palin has a personal debt of over a half a million. So, I think she is very smart, and knows that she will be constantly harassed as Gov. of Alaska and any opportunity will be used to throw mud at her and what her administration does. The economy will get worse and that will be thrown at her as Alaska deals with it's economic problems.

Sen. McCain's staff have added to the assaults against Palin lately if one is to believe the "snippets" about her. I am sure Gov. Palin is a bit sick and tired of dealing with these back stabbing s.o.b.'s. She helped McCain and now he and his staff act like he lost BECAUSE of Palin, nothing could be further from the truth.

If she steps down now, she has several strong accomplishments to point to in her two years as Gov. and she will not be as easy a target to go after and won't have to defend herself from ridiculous ethics violation lawsuits. She can write a book (we know many politicians do this to sell their views and improve their image) that is well thought out and presented that gives her views, how she would do things, and her positive beliefs in America. She will have over a year to study up on economic and world issues. Gov. Palin is NOT stupid, and will come out a virtual expert on those issues. If the majority of Americans read her work, listen to her and agree with her take on where we should go and what we should do, then she could win in 2012.

The point is that by stepping down, she removes herself from being an easy target for media / political harassment. She has done an end run around the liberals, and they are ******. Gov. Palin has a reputation of not going along with the party when she wants change. She has taken on the big corrupt Rep. machine and won so her reputation is solid that if she comes out and says the right things many will believe her. I'm so jaded though that I doubt anyone who gets the nod to be the final candidate in a Presidential race because I do believe that the primaries are rigged, and we get tptb choice of candidate for Republican or Democrat.

Ok, stepping down from my lil soap box now. Exit is to your right

[Sarahmay]

She is through and will not be back.

During the campaign last fall, I had a psychic hit that Palin would quit. My psychic hits are never wrong, they don't even happen that often, and I was very confused when she did not resign from the campaign.

Now I know that it was this I was told about, not the election. Anyway, she will fade away and use her popularity to build wealth, which is all she really wanted to begin with--money.

[Unified Serenity]

Originally Posted by Sarahmay

She is through and will not be back.

During the campaign last fall, I had a psychic hit that Palin would quit. My psychic hits are never wrong, they don't even happen that often, and I was very confused when she did not resign from the campaign.

Now I know that it was this I was told about, not the election. Anyway, she will fade away and use her popularity to build wealth, which is all she really wanted to begin with--money.

Wow, that's pretty harsh. I have not gotten that kind of read on her in my psychic awareness nor in reversing her speeches. I think she very much cares about America, but she also cares about her family and doing the most intelligent thing. Stepping away from the Gov. position will take away the left's biggest nit picking weapon and with cap n trade going through Alaska is in for a very rough ride.

I think the left is very worried about her appeal to the unwashed masses.

So, I guess you and I will agree to disagree Sarahmay.

[Sarahmay]

LOL! Yeah, maybe harsh...I really don't like her, get terrible low vibes off her. But, that never affects my psychic hits (cause they don't come from me.) Yep, I can agree to disagree.

[alyscat]

Leaving in the middle of her governorship is probably political death. She will be known as a quitter - and whether it is true or not, it will be what is remembered. Personally, I think the republicans are cleaning house - they've probably told her that if she steps down and lays low there will be a job for her in the media somewhere.
alys

[pineal-pilot-in merkabah]

i cant beleive people are falling asleep again and straight into the left right nonsense. ok children look at the punch and judy show

[Sarahmay]

Originally Posted by pineal-pilot-in merkabah

i cant beleive people are falling asleep again and straight into the left right nonsense. ok children look at the punch and judy show

We're not really asleep, but we do live (partly) still in a 3rd Dimensional world of polarity. Even the 4th dimension has polarity. It is human to "take a side"...even if you're not taking a side, you are taking the side of not taking a side.