The US is fighting three wars – give or take Libya. Unemployment just ticked up to 9.1 per cent. In coming weeks, the nation faces a critical decision to raise the $14 trillion debt ceiling. So why is America’s political class still squawking over Sarah Palin?

Me crazy? I refudiate that! Photo: AP

Last week, the former Alaska governor threw the 2012 Republican primary race into chaos - not by announcing her candidacy, but simply renting a bus and hoiking it on vacation. She rode in a bikie parade. She made a cameo at the National Archives.

Like the garden gnome in Amelie, her cherubic face popped up in a reel of happy snaps from Gettysburg to the Liberty Bell to New York’s Ellis Island.

The media – not given so much as an advance wink – went berserk. Disoriented reporters fanned out ahead, blindly trying to predict which museum or Civil War battlefield she’d pull into next. Others – including a CNN truck – gave hair-raising chase on the Interstate, presumably hoping she’d expound her thoughts on the budget deficit in between filling her gas tank and buying daughter Piper an icy-pole.

In fact, not since Speed has a runaway bus had so much riding on it. If Keanu and Sandra ever dropped below 50 miles an hour, their fate was assured: Dennis Hopper would blow everything up. If Todd and Sarah decide in coming weeks to yank the wheel in the direction of Iowa, many predict a different kind of Armageddon: it means Palin is running for president.

There is still plenty of time. Later this month, a pro-Palin film touting her accomplishments as governor, The Undefeated, will premiere in Iowa. Its maker predicts it will drop like an “atomic bomb” in the Republican primary.

Then again, anything would. With eight months until the Iowa caucuses, the field to challenge Barack Obama is a snooze. Likely starters include Tim Pawlenty and Jon Huntsman (former governors of Minnesota and Utah; both virtually unknown outside their home states); former House Speaker Newt Gingrich (gaffe-prone and yesterday’s man), Herman Cain (an African-American pizza executive), Rick Santorum (an arch-conservative ex-Pennsylvania senator), Michele Bachmann (a Congresswoman regarded as Palin-lite) and two libertarians, Ron Paul and Gary Johnson.

Only barely standing out from this insipid lot is Mitt Romney, the former Massachusetts governor, who at least boasts name recognition and fundraising muscle from his 2008 presidential run. In a general election, Romney (and conceivably Pawlenty and Huntsman) would have some appeal to swinging voters and – especially if unemployment remains high – give Obama a race.

First though, each has to win over a conservative primary electorate not itching to extend bouquets over their past moderation. In Massachusetts, Romney signed a law making health insurance compulsory. But it’s become the Republican version of bubonic plague ever since Obama used a similar template nationwide.

Huntsman is probably destined to burn at the stake for his support of same-sex civil unions and acceptance of an Obama posting as ambassador to China. And Pawlenty’s heresy is his previous support for an emissions trading scheme. There’s also his Minnesota niceness – discordant at a time the Obama presidency has most Republicans boiling mad.

This creates a hole in the primary field for a conservative populist with genuine star power like Palin to rally the grassroots from the right. Jumping into the race, she’d likely follow the model she’s been road-testing: circumventing the press and moneyed Republican establishment to appeal to a coalition of Tea Party activists, talkback radio listeners, rural and religious voters.

The micro-candidates would crumple, causing party elders (panicked that Palin would get clobbered in a general election) to probably stampede to Romney. But a Romney-Palin showdown, like the Obama-Clinton battle of 2008, would epically divide Republicans along elite versus downscale lines, making the outcome volatile. 

Perhaps all this projects too far ahead. Perhaps Palin has simply decided to flex her brand – and she’ll eventually play kingmaker by endorsing someone in return for a cabinet position. Still, if she harbours presidential ambitions, 2012 is surely a tempting chance to parlay her celebrity in a lacklustre field.

Polls show her hot on Romney’s tail, even if uncompetitive against Obama. Yet if the economy still stinks in a year’s time, who knows? A run that looks risky now may be worth it.

Palin has substantive work to do as a presidential candidate. So far, her shows of leg have been more Pippa Middleton than Angela Merkel. But she can suck the air from her rivals – including Romney, whose campaign launch frittered away to a footnote last week – simply by announcing a roadtrip and refusing to reveal where she’s going.

If any of them did that, they’d soon find themselves surrounded by little more than cornfield and cows.

101 comments

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    • Gary Cox says:

      06:55am | 07/06/11

      I am hoping like hell she does run just so I can sit back and enjoy the bitchiness. I have noticed that female commentators in particular hate her with a passion, which is odd because you’d reckon they’d applaud her based on the girl power sisterhood thing.

    • sproket says:

      07:37am | 07/06/11

      that’ll be because she is an embarrassment o professional women everywhere, being completely incompetant but somehow getting through on the force of her smile and the shape of her backside. It threatens a return to the days when women are valued not for their competance, but for theor looks and ‘sass” only. Or did we ever leave those days?

    • sproket says:

      07:38am | 07/06/11

      that’ll be because she is an embarrassment o professional women everywhere, being completely incompetant but somehow getting through on the force of her smile and the shape of her backside. It threatens a return to the days when women are valued not for their competance, but for theor looks and ‘sass” only. Or did we ever leave those days?

    • KH says:

      07:54am | 07/06/11

      Don’t be so stupid - this Palin woman is an idiot.  There is no nice way to put that, and the very thought that such an absolute imbecile could have the proverbial ‘finger on the button’ is a truly frightening outcome.  What is happening to this world? Just how stupid can people get?

    • fox says:

      07:56am | 07/06/11

      Are you summoning Erick?

    • Catching up says:

      08:34am | 07/06/11

      If she does run, I hope she gets a baby sitter for that unhappy little girl she is pulling behind her.  Maybe dad could look after her.

    • Brendan says:

      08:52am | 07/06/11

      If she runs it will set off a civil war in the Republican party.  The Tea Baggers will go to war with the Ivy Leaguers and tear the party to pieces. 

      In a system where there are only two parties, you never want to see one damaged to the point where the other doesn’t have to work for office.

      So I’m hoping that she doesn’t run: the Democrats need a good opponent to keep them honest.

    • Markus says:

      08:52am | 07/06/11

      And the cattiness begins…

      Palin is no idiot. Definitely no intellectual, but not stupid.
      And the citizens of Alaska would beg to differ on the incompetence thing. She is actually considered one of the best governors they have ever had.
      She definitely has a hell of a lot better track record than our joke of a PM.

    • Tim the Toolman says:

      09:59am | 07/06/11

      “Palin is no idiot.”

      I don’t know what scale you’re using to determine that…perhaps one where artichokes are at the top.

    • Sam says:

      10:01am | 07/06/11

      “In a system where there are only two parties, you never want to see one damaged to the point where the other doesn’t have to work for office.”

      Sounds like good advice for here at home, too.  Still waiting for some policies from Tony Abbott to justify his being in the lead.

    • Tubesteak says:

      10:33am | 07/06/11

      You could have said the same thing about Hilary Clinton but it didn’t pan out.

      don’t assume women will just vote for any woman. They would want a woman of substance whose policies they agree with. And not all women think the same so it wouldn’t really work like that.

      Palin is a joke. A one-line clueless twit similar to Tony Abbott. No conviction. No policies. No clue about the complexities of leadership and the issues involved. Just simplistic statements meant to appeal to morons with no credibility if you actually know something about the issues she is addressing.

    • jag says:

      10:33am | 07/06/11

      She’s a complete embarrassment but due to Obama’s ineptitude and ability to do nothing, she has a chance.

      Now that is a serious worry.

    • Jordan Rastrick says:

      02:44pm | 07/06/11

      @Markus: I don’t doubt Palin may have been one of the better governors Alaska has ever had. It doesn’t speak much to her qualifications to be President of the United States. Alaska has a tiny populace, and of all the states in the union is the second most geographically isolated, and also amongst the most culturally and politically isolated. Without intending offence to any Territorians in the Punch audience, if one of the best Chief Ministers of the NT were to become a candidate for PM, would you consider that to necessarily be clear evidence of their qualifications? Keep in mind that at 1% of the Australian population, the Territory is relatively speaking a lot more significant than Alaska, which is home to less than 1/3 of 1% of all Americans.

    • loulou says:

      05:07pm | 07/06/11

      @Gary Cox,  It’s not odd.  For starters, she’s good-looking, so women of the Left will hate her with a passion.
      Below her picture, we’re reminded of the error “refudiate” -  not unlike our own “hyperbowler”, but the silence of the femocrats is deafening.

    • loulou says:

      05:23pm | 07/06/11

      @Markus is right -  Palin is no idiot.  The laugh is on the no-nothings/do-nothings deluded enough to think they know this woman.

    • acotrel says:

      07:35am | 07/06/11

      Another product of the company which gave us Dubya and the GFC?

    • Sony B Goode says:

      09:02am | 07/06/11

      Always hate to burst your bubble but actually it was Clinton who brought in mandatory low income housing, Bush was another progressive moron who kicked it along.

      “Progressives” are like kids on LSD, they see what they want to see…

    • Abe says:

      10:34am | 07/06/11

      Hate to burst your bubble Sony but it was both parties who got the U.S to where it is now, the one common factor was Alan Greenspan.

    • Tom says:

      10:35am | 07/06/11

      @Sonny, correct call, except that low income housing went back to Carter (Community Re-investment Act).  Dubya’s 18 attempts to have it scrutinised were blocked 18 times by the Democrats in congress.

      What truly astounds me is that people like acetrol don’t feel any pangs of conscience when they persist with something that they know to be a bare-faced lie. Is it worth it, acetrol?

    • St. Michael says:

      11:02am | 07/06/11

      Abe’s got it right.  They’ve had deficit spending for decades in there—since Reagan if I remember right, and Clinton only balanced the budget once when Ross Perot got about a third of the primary vote just off the back of “We are in economic trouble because we spend too much.”

      The Democrats’ part was to, as said, block looking at the affirmative action, er, sorry, subprime housing scheme.  Bush’s part was to very stupidly say “It’s in the national interest that everyone owns their own home.”  What he should have said was that there shouldn’t be any bureaucratic impediments to people who qualify as borrowers from accessing affordable housing.

    • Tom says:

      12:02pm | 07/06/11

      Good balance Abe and St Michael.
      Could it be the end of “Dubya dunking”? Or will he be replaced by Palin, the next toxic obsession for the left.

    • St. Michael says:

      12:14pm | 07/06/11

      @ Tom: actually, I think Dubya dunking will be replaced with Dollar Wiping.  As in, cleaning yourself with paper as worthless as the stuff presently on your toilet roll holder.  With a 14 - 20 trillion dollar debt ceiling (watch this space) I don’t see any other direction for the planet’s reserve currency.

    • Tom says:

      12:44pm | 07/06/11

      @St Michael, printing currency had worked so well in Zimbabwe and Greenspan loved the printers. Then Bernanke put them on steroids. Their antics seemed to beguile both sides (as with CRA). Obama kept Bernanke on even though he had been a Bush appointment.

      Agree, there seems only one way to go for the “planet’s reserve currency”. Hegemony abdicated via stagflation or by debt? It is not a good look unless you are contemplating tourism to US or even a revival of manufacturing in that country?

      One thing is for sure that the conjured up satan, being the free market does not seem to have featured in any of this.

    • St. Michael says:

      01:07pm | 07/06/11

      “One thing is for sure that the conjured up satan, being the free market does not seem to have featured in any of this.”

      In hyperinflation or depression conditions, the government tries to control the free market, historically (going off the Latin American, US Depression, Weimar Republic and Argentinian experiences) by variously:

      (1) Setting up wage and price controls
      (2) Preventing investment in foreign assets
      (3) Defaming stockpilers
      (4) In the US, *seizing gold outright* (Read up on FDR and you’ll see.)

      They do this because the free market is the enemy of inflation or depression.  It’s also a doomed attempt.  Eventually the government has to do the right thing and let the market correct naturally.  Letting the free market run its course stabilises the economy in inflation or depression—but it also exposes the government as the fraudsters they are, since the free market automatically avoids fiat currencies in preference to commodities or foreign assets which do not depend on the value of the dollar to be traded or sold.  The free market is not the enemy in hyperinflation or depression conditions.  Quite the contrary: in a true free market without government interference involving a fiat currency like the dollar, inflation actually cannot occur.

    • Gregg says:

      08:15am | 07/06/11

      She may even have a little more nous than many give her credit for and be laying some groundwork for 2016 when the US economy could be even far worse than it may be by end of next year.
      It does seem in the US, the president is nearly automatically assured two terms unless you’re a Jimmy Carter and they even gave George two.

    • Steve says:

      10:20am | 07/06/11

      George Bush I was also a one-termer.

    • Robbie says:

      01:22pm | 07/06/11

      I assume Gregg is referring to George Bush Jnr Steve raspberry ...

    • Super D says:

      08:24am | 07/06/11

      The prospect of a Palin presidency will cause so much progressive handwringing that the newly arthritic leftards will be rendered unable to utilise utensils leading to outbreaks of mass starvation in gentrified inner urban areas.

    • iansand says:

      08:28am | 07/06/11

      Imagine a Palin/Trump ticket…

    • St. Michael says:

      11:04am | 07/06/11

      Somewhat unlikely, since Trump’s pulled out of the race and has a credit history that would be open to scrutiny if he ran.  Trump isn’t actually that successful if you look at his background: he’s like Robert Kiyosaki, he spends to look the part but his financial statements are close to, or in, the red.

    • iansand says:

      02:30pm | 07/06/11

      But it would be entertaining.

    • St. Michael says:

      03:16pm | 07/06/11

      Entertaining?! We don’t run US elections for the world’s entertainment! Good God, what’s next?! You’ll be suggesting we put a Hollywood actor in the White House—
      Oh, wait.

    • mel says:

      05:12pm | 07/06/11

      @iansand   And you care?  Are you a U.S. citizen?
      We have our own entertainments
        Gillard/Goose

    • fairsfair says:

      09:05am | 07/06/11

      Maybe we should worry about the fools hovering to run (and currently running) our own country first.

    • KH says:

      09:15am | 07/06/11

      We already have our own Palin - Abbott.  A shiver just ran down my spine….....its like a horror movie.  And I am running out of countries to emigrate to….......

    • Super D says:

      10:20am | 07/06/11

      @ KH - Perhaps, if you have the means, you could find yourself a Malaysian solution

      http://www.mm2h.gov.my/

    • RyaN says:

      04:25pm | 07/06/11

      We already have our Palin, she is a socialist with a communist agenda… and she is dry rough red and barren just like our outback.

    • mel says:

      10:41pm | 07/06/11

      KH   Emigrate?  As if.    Fraud

    • Nick says:

      09:11am | 07/06/11

      Sorry, no. There is no way in hell Sarah Palin will win the election.

      Honestly she is just a novelty candidate. It is not possible to defeat Obama in this election. Why? Because every non-white in the U.S. will vote for him simply because he isn’t white. And every bleeding heart liberal will vote for him because they are ‘sympathetic to the black plight’ (a social construct if i ever saw one).

      Even if by some freak occurrence she did win, the U.S. would be no better off. Ron Paul is the only person who can begin to fix the U.S. now.

    • fml says:

      10:27am | 07/06/11

      “Because every non-white in the U.S. will vote for him simply because he isn’t white. And every bleeding heart liberal will vote for him because they are ‘sympathetic to the black plight’ (a social construct if i ever saw one).”

      HAHAHHAHA

    • Erick says:

      12:51pm | 07/06/11

      Have you looked at the polls, Nick? Obama is very beatable. And if the US economy gets worse, which is likely, he will be unsaveable.

    • Robbie says:

      01:18pm | 07/06/11

      Wow Erick I really expect better fom you. Palin won’t run simply because she won’t win and her recent trip around America was a cry for publicity a la’ Donald Trump. Besides, the Republican candidacy is very rarely won by an outsider or one outside the mainstream party base. Which simply leaves a guy named Mitt who is a Mormon and a guy named Newt who recently broke Reagan rule #1 by criticising the proposed Republican cuts on Medicare as right wing social engineering.
      Nick is 100% right about Ron Paul though. He has to win! (although he obviously won’t). It’s just a shame he is even more of an outsider than Palin and he gets nowhere near the same amount of media coverage, effectively ruining any chance he has.

    • The Badger says:

      09:11am | 07/06/11

      She doesn’t have a hope in hell.
      She’s either dumb, dishonest or both.
      Look how someone like Palin is exposed by political journalists actually doing their job.
      Heaven forbid we should have real journalists in Australia
      http://tinyurl.com/44z4727

    • The Badger says:

      12:10pm | 07/06/11

      Much of the interview consisted of fluffy stuff, but every so often van Susteren diverted into asking about policy issues. Palin responded with her trademark style of making broad assertions with only a shaky command of the facts. We’ll go through the key statements in the order in which she said them, which allows us to begin and end with some absolute whoppers.

      She should probably just stick to NO, but the American public are way smarter than the Australian public.

    • St. Michael says:

      12:28pm | 07/06/11

      “She should probably just stick to NO, but the American public are way smarter than the Australian public.”

      This would be the country where the voting population has a right to possess semiautomatic weapons for home defence, elected Richard Nixon twice, believed Clinton was telling the truth about not boning Monica Lewinski, and who believes the utterances of Snooki and The Situation are more important than the state of their national debt?

      (See, I didn’t even resort to the Dubya Defence once wink )

    • Robbie says:

      01:42pm | 07/06/11

      Thats a pretty broad generalisation of Americans dont you think St Michael? Since voting is voluntary I would assume only those with an interest in politics would bother voting. So go back to your kangaroos in the backyard, bush tucker, you call that a knife, Straya would ya!! raspberry

    • St. Michael says:

      02:00pm | 07/06/11

      Put it this way, Robbie, we didn’t let our government run up the national debt to 14 trillion dollars, or close to 100% of GDP.  Draw your own conclusions wink

      “Since voting is voluntary I would assume only those with an interest in politics would bother voting.”

      That depends how many AFL-CIO thugs you can get out to drive voters to polling booths.  That’s coming from a US union official I knew, so, from the horse’s mouth.

      Ron Paul for President.  Seriously.  Although even he won’t be able to fix it considering his own party sucked deep on the public purse and hasn’t shown any real signs of swinging far right enough.

    • Robbie says:

      02:49pm | 07/06/11

      Can Australian’s vote for US president St. Michael? Cos the number of Ron Paul supprters (including me) on here is amazing!
      It’s so frustrating to see this ‘new movement’ called the Tea Party, even though Paul has been saying all that they have just started saying and then some for many many years!

    • St. Michael says:

      03:14pm | 07/06/11

      @ Robbie: Don’t get too excited by the Tea Party.

      (a) They’re Republicans, who are just as responsible as the Democrats when it comes to the debt.
      (b) Even the most right wing Tea Party supporters are only interested in lowering the tax rate—not reducing the government spending which drove the US debt to the levels it’s at.  This is what we call putting the cart before the horse.

      Having said that, Libertarian’s probably a more moral voting platform than any of the others right now.  Blame John T. Reed, he slowly converted me to it. smile

    • Matthew says:

      04:04pm | 07/06/11

      “She should probably just stick to NO, but the American public are way smarter than the Australian public. ”  That too is “a pretty broad generalisation” don’t you think Robbie?  I don’t know, but I’d assume that at least 25% of the US would vote.  I’m quite sure that there’s 100 million people in the US that are up to date on every little policy of the parties they are voting for.

      Add in the likes of Oprah saying “Vote for the black guy” and suddenly you have 50 million Oprah fans all voting for the black guy purely because he’s black.  I’m quite sure that the American voting public is about as ill informed as the Australian Voting public, it’s just that those that would donkey vote don’t bother going (and the criminals who may actually have a political knowledge but don’t get to vote because of their history).

    • Sony B Goode says:

      09:12am | 07/06/11

      She may not be the sharpest tool in the shed but she certainly has the courage of her convictions which is more than you can say for any socialist, who are king hypocrites, always looking to punish prosperity and encourage mediocrity.

    • James says:

      10:37am | 07/06/11

      @ Sony: I’m glad you wrote that so i didn’t have to.

    • Trjn says:

      11:18am | 07/06/11

      I like how she had the courage of her convictions to sit through her whole term as Alaskan Governor. As for rewarding mediocrity, I’m struggling to think of a more mediocre political pundit than Palin.

      Also, calling anyone in American politics a socialist shows either a complete lack of understanding of what socialism is, or a complete lack of understanding of the positions of those on the left wing of American politics.

    • acotrel says:

      11:45am | 07/06/11

      ‘She may not be the sharpest tool in the shed but she certainly has the courage of her convictions which is more than you can say for any socialist,’

      This discussion is about Sarah Palin, NOT that red-headed fish & chip shop owner from the far north?

    • Pete says:

      12:47pm | 07/06/11

      I dont think you understand what a socialist is, so your statement doesnt hold much weight… there are very few socialists in US politics, even the democrats are further to the right than most conservatives in Australia. Just because Fox News tells you that they are socialist doesnt make it so.

    • Denny Crane says:

      09:15am | 07/06/11

      Alan, nic of you to call the republican party nominees insipid, where did you get that information, from that i can assume you are one of the Obama believers, yes the President that has sent the country into more debt then ever before, the worst President since Jimmy Carter.

      To call the possible nominees insipid, i assume then you agree with Obama last week when he said the old need to defend for themselves, and same of the handicapped, nice you think that must be ok, byt calling the Republicans insipis, why they are the ones tyring to stop the gross spending of the democrates, remembering that Obama is involved with some very shady characters, see which church he attends.

      Your complete lack of knowledge of the American republican system stands out the more you read your article.

      Why dont you listen to interview done by Hermain Cain he is a great speaker, and has the ability to get his message across.

      It also shows how much you dont have a understanding that Jeb Bush and Maco Rubio are also potential candiates.

      What i see here is typical basjing of Pain, to try and benefit Obama, Obama is more popular overseas then he is int eh US, thats because they dont have to suffer under his stewardship.

      I dont believe Palin will run, she is testing the water like all potential candiates do, my belief is that Bachmann will win the nominee, with either Rubio, Bush or Cain deputy.

      If i was you look more closely at the democrat race, as if Clinton wants to become President she needs to do this in 2012, as by 2016 she will be 71 and the americans have shown they dont want a president in there 70’s.

    • Sherlock says:

      10:42am | 07/06/11

      I just love Sarah Palin. While I might not want her as President, anybody that provokes this sort of reaction from the left is all right by me

    • Occam's Blunt Razor says:

      05:11pm | 07/06/11

      My feelings exactly and would add that the fact she is very easy on the eye is a bonus.

      And despite her short comings - if she did win, it isn’t just her doing the job - she would be supported by a large team team - just as Obama is and isn’t he doing a good job.

    • Seano says:

      07:03pm | 07/06/11

      I feel similarly about Barack Obama.

    • Brutus Balan says:

      10:43am | 07/06/11

      Wow, it is amusing to read the negative comments here about Palin made by the Australian non stupids, non morons and non dumb intellectuals.  What has Obama or Julia or Kevin 07 or the ‘intelligent mob’ in the UN done that Palin will be inept to do? Armchair critics have all the solutions that will not run the reality road and are only wise in their own eyes. Fools too think they are wise and the rest fools.

    • St. Michael says:

      12:30pm | 07/06/11

      Regardless of how daft I think Gillard and Swan are, they did not pronounce that they could see New Zealand from their back yards.

    • fairsfair says:

      12:38pm | 07/06/11

      I am certainly no fan of hers but neither did Sarah Palin St Mick. She advised that Russia was visible from an eastern Alaskan Island in the context of the importance of foreign affairs between the two nations. I thought it was a very relevant statement - I think people forget how close Russia and the USA are geographically speaking.

      Tina Fey said I can see Russia from my house.

    • Erick says:

      12:49pm | 07/06/11

      St. Michael, I’m afraid it’s you who is displaying ignorance. Fairsfair is correct - as is Sarah Palin. Russian territory is visible from one of Alaska’s outlying islands.

      It’s a reflection of media bias and shoddy research that this myth continues to float around.

    • St. Michael says:

      12:52pm | 07/06/11

      Undone by careful thought and critical analysis once more.

      Curse the Internet! wink

    • Brutus Balan says:

      03:36pm | 07/06/11

      St Michael, careful thought and critical analysis do not degenerate into negative name calling of others no matter how much you disrespect a person.  BTW, who endorsed you as an intelligent ‘man’?  If the world was run by intelligent people, why is it in such a mess?  Get off your armchair and lend a hand, you and your ‘intelligent’  comrades in this forum. Oh the curse of elites on the internet!!! ;(

    • St. Michael says:

      04:01pm | 07/06/11

      I am uncertain whether your mixed message emoticon was intentional, and therefore shall remain silent. smile

    • Tom says:

      05:01pm | 07/06/11

      A lot of Australians reckon they can see New Zealand from Bondi.

    • St. Michael says:

      11:08am | 07/06/11

      It’s doubtful Palin will ever be President.  The US has already had its affirmative action candidate for this century.

      On a more serious note, the answer for who becomes President is a pretty simple equation: before the bond market pulls out of financing the US’s national debt, it’ll be whoever promises to keep raising the national debt and keeps the benefits rolling in.  After the bond market crashes, it’ll be whoever isn’t sitting in the White House at the time.  That’s the extent of the superficiality of the US vote.

    • Steve says:

      12:38pm | 07/06/11

      It is strange indeed that anyone calling for the US budget to be brought back towards surplus and slow or perhaps repay a bit of the national debt is regarded as an extremist to the right. You can raise the debt ceiling all you like but if you don’t have buyers for US treasuries then the Federal reserve, buyer of last resort, prints the money to buy them. Hence weaking of the US dollar and exportation of global inflation due to the reserve nature of the USD. Also most global trade is expressed in USD.

      There will be a quiet attempt of uncoupling of the US from the rest of the global economy to mitigate the damage. Already China is buying more Euros at the expense of US dollars. The end will be nigh when talk of trading oil in Euros gains momentum. Euros are a crap investment but better than US dollars. That simply underscores how bad the US situation is.

      The lesson for economies still in fair shape, such as Australia, is it is easier to not let the debt blow out in the first place than to try and repay it later on with unpopular cuts or new taxes.

      ALP is forecasting it’s first budget surplus of $3 billion in 2012. Unfortunately their first 5 budget deficits will have been about $150 billion. Thus it will take 50 years of $3 billion dollar surpluses to repay the $150 billion of debt racked up in the first 5 years of ALP deficits. Lets hope China needs our WA iron ore for that long. By the way that lousy $3 billion surplus for 2012 is dependant on the introducytion of 3 new taxes.

    • St. Michael says:

      12:59pm | 07/06/11

      “Thus it will take 50 years of $3 billion dollar surpluses to repay the $150 billion of debt racked up in the first 5 years of ALP deficits. Lets hope China needs our WA iron ore for that long.”

      They won’t.  If the US dollar crashes, which it must when their tax revenue can’t pay the interest on the national debt (or sooner dependent on a panic in the bond market), China is also screwed in any event.  The US is their biggest export customer.  All those cheap toys and melamine-tainted lollies would just be occupying dock space in Shanghai unless US consumers were buying them.  And in hyperinflation conditions, the US can’t, in fact, afford to buy them.

      And when China is screwed, Australia gets a double hit: from US hyperinflation and from the collapse of our only substantive export market.  Malcolm Farr’s idiot optimism of yesterday about tourism, education, and financial services somehow supporting the Australian economy is very, very misplaced.

      Otherwise, Steve, agreed.  If you don’t own your major assets free and clear by now, then pray for hyperinflation—because hopefully you’ll get your major debt paid off at artificially high values before the currency whiplashes back to zero and we get a Depression-scale deflation.  Absent someone suicidally brave in the White House willing to cut US spending by about 50% or so, we are in for a very rough ride globally indeed.

    • Steve says:

      04:21pm | 07/06/11

      St. Michael. The only evidence one needs to confirm our reliance on mining is the March GDP figures which showed negative growth of 1.2%. We fell into negative growth because coal and iron ore exports were affected by cyclonic weather.

      Perhaps China will continue to play the game after all and prop up the US economy. The US could play the role of trained police dog on a Chinese leash. After all China is not having to play the role of policeman which normally attaches itself to superpowers. The policeman role comes with a considerable economic cost and i don’t think it sits well with the current chinese mindset. They buy US junk bonds and the US carries on trying to quell regional conflict and terrorism. Probably not a bad deal from China’s point of view. The added advantage is that the junk bond money comes back to china via exports to the US.

    • Wickerman says:

      11:11am | 07/06/11

      I hope she run AND wins, admittedly not for good/pure reasons:

      1. Will help/speed up the fall of the USA as an cultural, economic & eventually military power. Economy will get worse, the global community will pay less attention to it & the USA won’t be able to afford its military machine.

      2.. Related to the first reason, but hopefully she would NOT kowtow/appease to other countries or regions. Eg. She would tell the Middle East to play ball (gimme cheap oil) or their regions will be turned into radioactive dust.

      3. Main reason: To watch the leftist pseudo & real intelligentsia (leftards) have conniptions & fits. They would work themselves into a state resembling rapid dogs. The blogs & articles would be funny to read as well as the responses. There would sad/funny protests of various laughable groups providing me entertainment. Even women’s movements/pressure groups would turn on her (again) which would reveal a beautiful irony.

      Call me a perverse voyeur of the decline of western civilisation.

    • Steve Putnam says:

      07:27pm | 07/06/11

      Why can’t you just be content with cutting off your nose?

    • Travis says:

      11:29am | 07/06/11

      It would provide hours of satirical material for comedians. RUN PALIN RUN!

    • Warren says:

      11:33am | 07/06/11

      Leftards? According to Wikipedia “Intelligentsia is a social class of people engaged in complex, mental and creative labor directed to the development and dissemination of culture” They sound OK to me.

      What is/are “conniptions”?

      “rapid dogs” do you mean greyhounds?

    • Wickerman says:

      11:58am | 07/06/11

      @Warren,OK - Im assume you are replying to me (wickerman)
      1. Perhaps I should have written the phrase like:  leftist (pseudo & real) intelligentsia, i.e. leftards. - Arrogant self-appointed cultural elitists.

      2. Conniption - US and Canadian slang - a fit of rage or tantrums.

      3. Yes - well spotted - I meant rabid not rapid.

      Wickerman.

    • nossy says:

      11:46am | 07/06/11

      Bloody Sarah Palin ! All we need is Palin in the Oval Office and Abbott in the Lodge and nossy is moving to the Land Of The Great White Sheep where men are men and sheep are scared !  hahhaahah Sorry New Zullanders you are wonderful people - now ask a NZder to say “sixty six” !  hahahah

    • Mathias says:

      01:06pm | 07/06/11

      haahahaa, usually you just seem to talk crap… but that was pretty funny!

    • Zaf says:

      11:57am | 07/06/11

      She’s got to run!  Comedy Gold.

      Best. Election. Ever.

    • Helen says:

      12:00pm | 07/06/11

      “They would work themselves into a state resembling rapid dogs.”

      You mean, greyhounds?

      Oh, never mind… (I don’t know why I read here, it must be a remnant of the medieval urge to go to the sideshow to gawk at the freaks…)

    • stephen says:

      12:54pm | 07/06/11

      What Palin represents is the face of white middle & rural working class loss of lifestyle, percieved or real.  Jobs to China, rise of the urban non whites, illegals everwyhere, spreading socialism, anti gun laws, expanding defecits etc. 

      She sits in a sweet spot of being able to articulate this pain via carping criticism to a receptive audience without actually being held accountable for any policies that inconvenience any real cantidates.

      Her spiteful mean self centred and incredibly thick headed speech in response to the Arizona politican/bystander shootings demonstrated to Americans how distasteful she really is.

      As for comments by people who enjoy her as she can needle the left.  You are missing the point, she probably has a lot of support on the working poor left as well.  A lot of conservative dismay is not due to her “radicalism” but the fact that she represents nothing much, except voicing the parocial voice of anguish of a section of US society who once enjoyed superiority and certainty as to their place in the world gets left behind.

    • Soames says:

      01:34pm | 07/06/11

      “her cherubic face ” ??  Alan, no ceiling, or art gallery cherubs in either you or your parents state of origin, pun intended, to compare ?,  or else you’re madly in love with this apparently vaccuous Barbie. “The media…....went beserk” . Several people will contend this to be normal bi-polar behaviour, curiously more evident in some vocations, including the more rabid sections of what is known colloquially, as ‘the media’.

      Sarah Palin in plain terms, is a patsy, a stooge, she’s being used and she’s up for it.  She and her husband are complicit, they know the value of appearing in public, at the lowest common denominator, for whatever personal attraction of which there are many, to invite the non-participating electorate to keep a mental picture, if not a reality video clip of their hero/ine,  but Sarah has rightly used her glamour to appeal to a certain section of the American punters tentavilely moving forward to the ballot box, which by the way, is voluntary. So candidates need to perform according to their talents, much like a peacock or a satin bower bird, in order to seduce the non-voting US public into voting for them. The GOP in the US is the ‘red’ party, the Democrats, the blue. Entirely opposite to the Australian version, so it’s important that ‘Strain’ punters don’t get mixed up with the percieved Palin equivalent, Pauline Hanson. You won’t, will you, in terms of your next federal vote.

    • Sickemrex says:

      08:01pm | 07/06/11

      Problably not, Pauline isn’t as hot as Palin.

      Oh crap, the letters in the latter name are within the former.  Has anyone seen these two women in the same room together?

      Agree Soames, except I don’t know whether “willing” and “patsy” go together.  I think Palin is very, very cunning and smart but my mum thinks she’s as dumb as a box of hammers, for what it’s worth given that neither of us are US voters.  There is a perverse train wreck quality about the whole issue but unfortunately our fate is tied to China and the US.

    • Katea says:

      01:45pm | 07/06/11

      It certainly would be a “WILD RIDE” if she ever gets to the white house.
      “This woman is an idiot”.

    • Outraged says:

      02:21pm | 07/06/11

      Why do women hate Sarah Palin so much? Sarah Palin represents everything the Feminists claim to have been promoting for decades in that she has a career and a family and a husband and still remains involved in politics and has succeeded on her own terms. But, unfortunately, she is Conservative and, much worse, physically beautiful.

      That is why instead of championing a sister who managed to have it all including becoming the first female Governor of the largest State in the Union, they cannot stand her. Especially the single, barren and unattractive Feminists who had managed to convince themselves that sitting on the sofa getting fat eating bon-bons and berating a system that they claim is rigged by an “old boys network” and “glass ceilings” was their only option. They really hate Sarah Palin. Successful career, well loved, handsome husband, sex life, five children…B*TCH!

    • fairsfair says:

      02:48pm | 07/06/11

      I agree with some of what you say. I see she was even mocked the other week for her child’s wedding. It was without frills and they wore flannel and denim and took the photos themselves.

      The US is in the middle of recession and compare that to Chelsea Clinton’s recent wedding? Sarah Palin has the problem? Sarah Palin is out of touch with “real Americans”?

      Yep, it doesn’t add up for me either.

    • L.T says:

      02:53pm | 07/06/11

      You knock Ron Paul?

      What kind of a Journo are you?

      Ron Paul is America’s great hope and while you keep giving your uneducated opinions Ron Paul keeps raising money.

      Read up on Ron Paul, despite his age the man is the most interllectually honest person to run for many a year.

      I would vote Ron Paul if he ran in Australia.

    • L.T says:

      02:54pm | 07/06/11

      You knock Ron Paul?

      What kind of a Journo are you?

      Ron Paul is America’s great hope and while you keep giving your uneducated opinions Ron Paul keeps raising money.

      Read up on Ron Paul, despite his age the man is the most interllectually honest person to run for many a year.

      I would vote Ron Paul if he ran in Australia.

    • Stv027 says:

      04:06pm | 07/06/11

      Completly agree with you L.T. I would be voting for Ron Paul too. Honest and very open

    • L.T says:

      05:09pm | 07/06/11

      This clown needs to do some research on Ron Paul, then come back here and appologise to us all.

      The lack of knowledge about this guy always astounds me.

      Here is a youtube link to a quick promo video on the Ron Paul:

      http://www.youtube.com/watch?v=FG2PUZoukfA&NR=1

    • John says:

      04:07pm | 07/06/11

      It really makes you wonder what’s going to happen to the US. It might not even last to next presidential race. Republican or Democrats, both these parties are just actors to the facade called american democracy.

      If one looks at the track record of Bush and Obama one will see that, they follow the same foreign and internal policy’s. So what I’m stating is that both of these political parties are control by powerful interest groups who have links with the powerful banking sector and the powerful media sector, so your basically having the leaders of democratic partie and the republican partie kneeling to these people in order for them to get to power.

      Just look at the track record of hilary clinton and you will how utterly devious this women is. America’s democracy died years ago, most likely went out window with the death of JFK, but going back to 1900’ it’s had a history of subversive activities. Just think about this Republicans and Democrats have no creditability anymore, so switching from left to right, isn’t going to work. If another puppet leader comes to power, American’s are going revolt.

    • Bikinis on Top says:

      04:33pm | 07/06/11

      Sarah Palin has all the attributes of a great USA president?
      She is stupid,dumb, archaic, ultraconservative, attractive, spunky, self righteous, alarmist, ambiguous, ruthless, sweet, uncompromising, popular, sexy, nutty, uncanny, unique, american, and memorable. 2016 USA presidential election is sarah Palin versus Hillary Clinton.
      Bugger Your comment:

    • mel says:

      04:50pm | 07/06/11

      I hope beyond hope that America’s Pauline Hanson runs. It would be the ultimate Republican train wreck.

    • Steve says:

      05:29pm | 07/06/11

      If only Romney had been the republican candidate last time. I don’t think anyone considered McCain a serious challenger against media/hollywood golden boy Obama who could do no wrong as far as the media was concerned in the last election. Then again some of the shine’s come off now his term’s drawing to a close so perhaps this is the best chance for someone like romey to step up. I’m an aussie so I don’t get a vote but he’s the sort of person I’d like to see leading such an influential country. Not someone who gives nice touchy feely speeches but doesn’t do much else.

    • mel says:

      06:59pm | 07/06/11

      @Steve

      That’s what Bin Laden said.

    • Grumpy says:

      05:32pm | 07/06/11

      If Sarah Palin was ugly and unconfident no one would care…Shes not a contender. Like it matters anyway, theyre all a bunch of dickheads. If you think they are smart people, it just means you are dumber than them im sorry.

      and why would you knock ron paul. youre a facist son. Dennis Kucinich and Ron paul are the only politicians I have seen in the entire world who are worth listening to, the only ones who dont make my stomach knot up with rage because I know they are genuine people…only an idiot would vote for anyone else. Luckily for the 1% most people are as stupid as sarah palin. being able to speak well is not a pre cursor for intelligence creative thought…Its 2011 not 1811

    • Roden says:

      06:58pm | 07/06/11

      Palin? Obama? Palin any day thanks. Obama is in the same category as Rudd and Gillard.

    • stephen says:

      08:13pm | 07/06/11

      She ain’t too smart, and one day will have to scratch her head over the Get - es - burg a - dress.
      (Get who a dress, she says ?)

    • loulou says:

      10:38pm | 07/06/11

      She’s a whole lot smarter than you

    • Frank says:

      09:32am | 08/06/11

      LOLGate, this is a joke right? Sarah Palin could barely run Alaska let alone America….hey how about those Russians? Still keeping an eye on them! Come on does anyone else see that this Redneck Hill Billy stuck in the early 80’s thinking that good old pop Reagan is the shizzle is really what America wants or needs at this point? Obama is the only stable person in the States who can lead an effective Party with effective Policies, Huckabee and Palin are just the clowns there to juggle while the real candidate shuffles in through the back door.

      The Maverick is going Rogue…again raspberry

 

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