Economics 101? She can’t even count to 101!

(CNN) – Alaska governor Sarah Palin let loose Wednesday on the Obama administration for enacting fiscal policies that “fly in the face of principles” and “defy Economics 101.”

Original DVD cover.

In a speech introducing Michael Reagan — the son of former President Ronald Reagan — to an audience in Anchorage, Palin warned that the government is planning to “bail out debt ridden states” so it can “get in there and control the people.”

“Since when can you get out of huge national debt by creating trillions of dollars of new debt?” Palin asked.


“We need to be aware of the creation of a fearful population, and fearful lawmakers, being led to believe that big government is the answer, to bail out the private sector, because then government gets to get in there and control it,” she said. “And mark my words, this is going to be next, I fear, bail out next debt-ridden states. Then government gets to get in there and control the people.”

Oh no! We’ll be mindless unthinking zombies!

“Some in Washington would approach our economic woes in ways that absolutely defy Economics 101, and they fly in the face of principles, providing opportunity for industrious Americans to succeed or to fail on their own accord,” she said. “Those principles it makes you wonder what the heck some in Washington are trying to accomplish here.”

Though the bulk of her remarks focused on government encroachment into the private sector, and praise for former President Reagan’s views on limited government, the former vice presidential candidate briefly touched on national security. She told the crowd that “the terrorists are still dead set against us” […].

She also pointed to the recent dismissal of another ethics complaint against her […]. Palin has been forced to set up a legal defense fund to help pay for fees related to an onslaught of ethic complaints.

Palin said of the people who have filed the complaints: “Those are the folks who want to tell me, they want to tell you, to sit down and shut up. We will not do that. I just can’t, because I love my state. I love my country.”

From Conor Clarke at The Atlantic:

Wow. Whatever else might be said about Sarah Palin, I hope we can all agree that there’s absolutely no reason to take her seriously as a fiscal conservative. In particular, that line about “industrious Americans” succeeding and failing of their own accord made we want to take a look at the federal dollars Alaska receives per resident relative to its federal tax burden.


Alaska gets $13,950 per resident from the federal government, more than any other state in the nation. It ranks number one in taxes per resident and number one in spending per resident. It’s also number one in pork-barrel spending. Each Alaska resident receives a check for $3,200 a year from state oil revenues — which Palin bumped up from $2,000 last year. Palin once justified this by saying that the state of Alaska was “set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs.” (Sounds socialist!) Industrious indeed.

From First Read at MSNBC:

SHOT: “Sarah Palin criticized the Obama administration for enacting fiscal policies that ‘fly in the face of principles’ and ‘defy Economics 101.'”

“When running for Alaska governor, Palin admitted to a reporter that she got a ‘D’ in macroeconomics in college.

From Anchorage Daily News:

Legislative leaders say they appear to have enough votes to override Gov. Sarah Palin’s veto of $28.6 million in federal stimulus money for energy cost relief. Alaska is the only state to have rejected these funds, and that’s not sitting well.

“I would be surprised if we didn’t override her,” North Pole Republican Rep. John Coghill said Thursday.

Rep. Mike Hawker [Republican], another member of the legislative leadership, said that’s his count too.


It’s so rare and difficult because it requires a 75 percent vote of the Legislature in joint session. But there’s little support among lawmakers for Palin on this, and the debate is more about whether she could trump a veto override and manage to block the money.

Palin didn’t always get along with the Legislature during her first two years in office, but her opponents rarely were able to muster enough support to seriously stand in the way of what she wanted. That’s changed in the past year, with the April rejection of her appointment of Wayne Anthony Ross for attorney general — the first time in state history a head of a state agency has failed to be confirmed by the Legislature — and now the overwhelming opposition to her stand against the stimulus money.

Even members of the all-Republican Senate minority, Palin’s closet allies, are thinking about going against her.


Senate President Gary Stevens, who leads the bipartisan majority, agreed it looks as if there are enough votes for the override. But he’s hesitant to pull the trigger, saying Palin would apparently end up with the final say on the money regardless.

“I’m not sure there’s a point in our overriding the governor’s veto because the governor still has the option of not applying for the money,” the Kodiak Republican said.


Alaska legislative leaders sent a letter to U.S. Energy Secretary Steven Chu this week asking if he would keep the money on the table until January. They also asked if the state might be able to get the money if the Legislature overrides Palin’s veto and she still refuses to apply for the funds.

Palin isn’t saying what she would do if the Legislature overrides her veto.


Palin earlier said she vetoed the money because taking it would require her to promote the adoption of energy efficiency codes throughout the state. That should be a local decision, she argues, not a dictate from the federal government.

But legislators of both parties counter that Palin is overstating the requirements for taking the money, and that Alaska likely already qualifies. The 14 members of the Democratic minority in the state House sent a letter this week saying they would vote in favor of an override.


Juneau Democratic Rep. Beth Kerttula, the minority leader, said “of all the stimulus dollars available to us, these may actually be the most important.” Anchorage Democratic Rep. Harry Crawford called Palin’s logic on the money “flat wrong.”


Filed under Alaska, humor, movies, parody, politics, Republicans, Ronald Reagan, Sarah Palin, Scandals, snark, Wordpress Political Blogs

27 responses to “Economics 101? She can’t even count to 101!

  1. sorry so late tonight, kids. i was at a bday party.

  2. Friend of the court

    If the Rep. from the North Pole is a republican, does that mean that the elves are working in a non-union shop?

    • not only is the city called north pole, but you can actually live on sesame street! i just looked at a real estate site, and one of the houses is on sesame street. for $185,000, you can buy a 4 bedroom, 2 bath house there. the one catch is that it’s 1164 sq. ft.! 😆 how do you fit 4 bedrooms and 2 bathrooms in less than 1200 sq. ft.? the house must have been built for elves!

  3. Sarah Pow Pow Pow Palin (Yosemite Sam)
    has a short memory…. maybe she was busy color coordinating her Nieman Marcus/Sax Fifth Avenue attire collection, & inciting riots @ her patriotic rallies with McDouche.
    She forget her party racked up the $11 trillion Ntl. Debt???

    Yes, it must be Obama’s fault.

    • she figures she’s a financial genius since she managed to get a $200,000 wardrobe for nothing. i understand her million dollar home was quite the bargain as well. 🙄

  4. jeb

    The shocking thing here is that she got a D in Economics. The professor must have been feeling generous.

    Gee, I wonder what she’s thinking here (running for President at the expense of her state).

    • jeb,
      i’m not shocked she got a D. she probably went to class wearing her bathing suit and her sash.

      p.s. 😆 you said princess sarah was thinking! 😆

  5. she got a ‘D’ in macroeconomics in college.

    Which one? She went to several, one of them twice!

  6. She probably signed up for the class thinking it was some type of advanced macrame.

  7. Dusty

    This bitch thinks everyone is as dumb as she is. We aren’t all dumbasses..just the ones that worship her. 😉

    • i think that’s what’s most insulting. not only she, but the rethug party really thinks that enough of the population is stupid enough to think that she’s smart.

  8. I admit it. I’m selfish.
    I hope she runs for President.
    She’s teh poster tard for stoopid,
    and a perfect fulcrum to help raise
    the bar for electing intelligent leaders.

    Just perfect, nonnie.

  9. I love how she looks lately, without the high priced stylists the GOP was paying for when she was the Vee Pee candidate.
    Her hair’s kind of lopsided, her make-up is a little uneven and her clothes look like she got them at one of those donation places where ex-convicts and recovering addicts shop for job interviews.
    But looks aside, I really love to hear her talk about national issues. She’s like a Chatty Cathy doll. You pull a string and she recites Fox News cliches verbatim.
    Oh, wait.
    She’s a former beauty pageant contestant, home of The Iraq and opposite sex marriage.

  10. i think by now even rush and newt know she is a joke

    she was in NY last week – i could feel the stupid

    • newt does. he’s said that she would have to study up if she ever wanted to be president. it will be fun watching the 2 of them trying to stab each other in the back.

      i saw that she was in new yawk. she even went to a baseball game with rudy. i wonder how that’s gonna play with her fundie base.