Sarah Palin on Obama's Disastrous Economics: "Told Ya So" …Warns About Socialism (Video)
Sarah Palin blasted Barack Obama for his disastrous economic record tonight on Hannity. The popular Alaska governor says that Obama is leading us to “an America we won’t even recognize.”
When pressed further she said we shouldn’t be afraid to use the word socialism.
Sarah Palin clobbered Obama:
Dear Leader won’t like this one bit.
Here is the transcript, via the Drudge Report:
HANNITY: What do you make of – look at the state of the economy now…
PALIN: Well, when you consider that the federal government is about eleven trillion dollars in debt, and we’re borrowing more to spend more.. it defies any sensible economic policy that any of us ever learned through college. It defies economy practices and principles that tell ya ‘you gotta quit digging that hole when you are in that financial hole’
“America is digging a deeper hole and how are we paying for this government largesse. We’re borrowing. We’re borrowing from China and we consider that now we own sixty percent of GENERAL MOTORS – or the U.S. government does… But who is the U.S. government becoming more indebted to? It’s China. So that leads you to have to ask who is really going to own our car industry than in America.”
HANNITY: You know but it goes back – It does go back a little to the campaign. I mean, ‘spread the wealth, patriotic duty…’
PALIN: Kind of a ‘we told ya so’.
HANNITY: Well, is that how you feel?
PALIN: That’s how I feel! I feel like… and I think that more and more constituents are going to open their eyes now and open their ears to hear what is really going on and realize ok… Maybe we didn’t have a good way of expressing that, or articulating that message of ‘here is what America could potentially become if we grow government to such a degree that we cannot pay for it and we have to borrow money from other countries, some countries that don’t necessarily like America.
And this many months into the new administration, quite disappointed, quite frustrated with not seeing those actions to rein in spending, slow down the growth of government. Instead Sean it is the complete opposite. It’s expanding at such a large degree that if Americans aren’t paying attention, unfortunately our country could evolve into something that we do not even recognize.
PALIN: Well, that is where we are headed. That is where we have to be blunt enough and candid enough and honest enough with Americans to let them know that if we keep going down these roads… nationalizing many of our services, our projects, our businesses, yes that is where we would head. And that is why Americans have to be paying attention. And we have to have our voices heard. And ultimately it need to be our will, the American people’s will imposed on Washington, instead of the other way around.