Sarah Palin's visit to Hong Kong

Reply Wed 23 Sep, 2009 11:58 am
... seems to have been .... well, Palin was in the Big Lychee on her first visit to Asia, delivering her first major speech abroad at a high-profile conference of bankers and regional finance executives. A reported 1,100 delegates crammed into the ballroom to hear her champion "commonsense conservatism" and Reaganomics and offer commentary on Asian geopolitics.


[...]Described by some as safe and by others as uncomfortable, the speech called for closer ties between the United States and China, and attacked the recent decision of the Barack Administration to impose heavy import tariffs on Chinese tyres.

However, it also warned of China’s own “internal contradictions” and America’s need to stand up to oppression.

The speech by the former Governor of Alaska was delivered in Hong Kong to the CLSA Asia Pacific Markets Forum " a lavish annual beano where more than a thousand of the world’s most astute investors come to hear the views of the foremost political and business minds on Earth.
Several audience members reportedly walked out of Ms Palin’s speech 30 minutes before the end, citing “more important things to do” or describing the talk as “too partisan and too much like a speech at the Republican convention”.

One senior fund manager told The Times that the 80-minute lecture, and the lack of an opportunity to fire any questions at Ms Palin, was a disappointment. “You would think that with her team of speechwriters and a supposedly media-free environment Palin could have afforded to be either funny or thought-provoking, but she was neither,” she said.

The speech attacked America’s worsening fiscal position and condemned President Obama’s healthcare plan. Many Americans, she said, were not happy with proposed reforms that impinge on private enterprise. She has recently used her popular Fecebook page to express her opposition to the Obama plan, claiming that it would create “death panels” for old people.

Although the CLSA event was strictly off-limits to the media, one attendee remarked that the speech felt like it was carefully crafted for a global television audience, and amounted to Ms Palin’s setting out her policy stall for the longer term.

“This was about an obviously ambitious wannabe presidential candidate laying down a marker on her weak spot of foreign policy,” he said. “I think we are going to hear something very similar to this speech trotted out again in different places over the next months and years.”

Playing more obviously to a room full of investors, Ms Palin quoted Margaret Thatcher’s comment that there is no alternative to capitalism because it is the system that ensures the most prosperity for the most people. Market-based solutions, she said, must be allowed to improve US healthcare and she concluded that the US economy would “roar back to life” if the private sector were allowed its freedom.

Despite it being her first visit to China, Ms Palin had come armed with a range of forthright views on the Middle Kingdom and how it should conduct itself. China, she argued, must support the de-nuclearisation of Iran and North Korea; the United States should maintain a strong military presence in the region “until China’s internal contradictions are resolved”.

Asia is at its best, she added, when it is not dominated by a single power.

Besides its political impact, the speaking engagement is understood to have brought substantial financial relief to Ms Palin, whose recent legal battles have left her with bills of about $500,000 (£304,000).

CLSA’s refusal to reveal the fee paid to Ms Palin added to the general mood of secrecy surrounding the event, but it is thought to be in the range of between $170,000 to $220,000.

Source: Times online

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Walter Hinteler
Reply Wed 23 Sep, 2009 11:58 am
The WSJ has some more quotes from her speech:
Palin, Sounding Like Ron Paul, Takes on the Fed

Palin Addresses Asian Investors

On the question of more complex economic issues, Mrs. Palin told the hall filled with bankers and economists, that would come later.

“Maybe you’re hoping to hear me discuss the derivations of the formula for effective rate of protection, followed by a brief discussion of the monetary approach to the balance of payments,” she said. “If time allows, a quick summary of factor price equalization. Maybe some thoughts on quantitative easing, but that’s for next time. Because I have spent my life closer to Main Street. That’s what I want to talk about is that view from Main Street,” she said.

She described her political philosophy as a "common-sense conservatism," and said the free-market policies of Ronald Reagan and Margaret Thatcher should be guides for how to get out of the current economic situation. "Liberalism holds that there is no human problem that government can't fix if only the right people are put in charge," she said.

On health care, Ms. Palin defended her previous criticisms that the health-care overhaul proposed by Democrats would lead to health-care rationing and what she called "death panels." "It's just common sense that government attempts to solve problems like health care problem will just create new problems." She called for "market friendly" health care reform that gives tax breaks to individuals to buy health insurance.

Walter Hinteler
Reply Wed 23 Sep, 2009 12:03 pm
The marketplace didn’t fail. It became exactly as common sense would expect it to.
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Reply Wed 23 Sep, 2009 12:27 pm
Lucky for her she can hire speech writers to put the nothingness uttered on some sort of framework. Without them, she would be up there stammering and drinking glasses of water.
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Green Witch
Reply Wed 23 Sep, 2009 03:45 pm
So she's palin' around with Communists and accepting their Fascist coinage - how does that play in East Jesus, Alaska? I'm glad The Daily Show will have some good material to work with this week.
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Reply Thu 24 Sep, 2009 07:23 am
@Walter Hinteler,
Why would Palin had though the investors and bankers in China would have receptive or even care what kind of health care bill we in the US come up with?
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Reply Thu 24 Sep, 2009 08:17 am
You guys are so mean . . . this political orphan has to do something to keep her mug in front of the cameras--now you expect her to speak sensibly, too? Sheesh . . .
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Reply Thu 24 Sep, 2009 01:30 pm
She's destined to end up in a sitcom about a common housewife who likes to hunt animals for the fun of the kill and becomes a governor. There will be lots of laughs when they get to the daughter's boyfriend.
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