Professor Mark J. Perry's Blog for Economics and Finance
Just in case you missed it last night.
Posted 7:38 PM Post Link
You know when I first heard about Palin being nominated for VP, I was excited. I defended her against criticisms that she is an unknown and against criticisms of her daughter. I still think that those criticisms do not make her a bad candidate.But once I heard her talk, dissapointed would be an understatement to what I felt and I could no longer defend her to my liberal friends.
Yeah, but liberals seem to confuse public speaking ability with intelligence. Then again Danny O'Day was a democrat...
Machiavelli:Good point. Seriously, what intellectually honest conservative could defend a tax-cutting, pro-growth, pro-drilling, pro-life, pro-2nd amendment candidate for vice president to his liberal friends when they make fun of the way she talks...?
Can you imagine some of our greatest presidents in todays big media age? Jefferson had a speech impediment. Lincoln was ugly. Theodore Roosevelt used to wave his arms and talked fast. I could go on. What some consider a good candidate is nothing more than a talking head that can read from a TelePrompTer. What the left and the right coast seem to forget is that Palin talks like many americans in the middle and lives like one too. Damning her is damning them, and it's something the elitists don't realise.
She runs the state of Alaska with an 86% approval rating. She also runs a family. I don't know her approval rating in her family but, I'll bet that's pretty high, too
Umm...I think my biggest gripe with her is that....SHE HAS NO CLUE ABOUT ANYTHING!The thing that stands out most in that debate is when Iffel asks her about her views on the bankruptcy law that John McCain voted for and asked her to comment on it.She could have said that she would have supported it as well because even with the law passing, America is still one of the easiest countries in the world to declare bankruptcy. She could have said how those lax bankruptcy laws could have been just one of many contributing factors in the built up of the credity bubble and how its a good first step in encouraging personal responsibility. Instead this was her response:"Yes, I would have. But here, again, there have -- there have been so many changes in the conditions of our economy in just even these past weeks that there has been more and more revelation made aware now to Americans about the corruption and the greed on Wall Street.We need to look back, even two years ago, and we need to be appreciative of John McCain's call for reform with Fannie Mae, with Freddie Mac, with the mortgage-lenders, too, who were starting to really kind of rear that head of abuse.And the colleagues in the Senate weren't going to go there with him. So we have John McCain to thank for at least warning people. And we also have John McCain to thank for bringing in a bipartisan effort people to the table so that we can start putting politics aside, even putting a campaign aside, and just do what's right to fix this economic problem that we are in.It is a crisis. It's a toxic mess, really, on Main Street that's affecting Wall Street. And now we have to be ever vigilant and also making sure that credit markets don't seize up. That's where the Main Streeters like me, that's where we would really feel the effects."OK, now seriously read that and tell me if that makes ANY SENSE AT ALL. Or is that a a clueless college freshman trying to make a speech to his macroeconomics class about the credit crisis?
The McCain/Palin ticket plays the MILF card.Maverick & the Milf winking their way to the Whitehouse! LOLShe runs the state of Alaska with an 86% approval ratingBefore she cat-walked the national stage. Her approval ratings are declining.
"Can you imagine some of our greatest presidents in todays big media age? Jefferson had a speech impediment. Lincoln was ugly."Lincoln is also considered one of the greatest orators of all time, and the ugliness thing? Well he didn't think so; Lincoln loved to be photographed.
If I were two-faced, would I be wearing this one? Abraham Lincoln16th president of US (1809 - 1865)_____I'm a conservative and I think Palin did fine, Biden defintely won but I think that comes from debating experience because neither said anything with substance.
What should be noted is that Palin was chosen to be when? A month ago? Imagine being dropped into a role like that at work, and then be told you have to hit the ground running. No matter how smart you are, there is going to be a learning curve.
Biden took the opportunity every time he had the last word to say something that she was not allowed by the rules to rebut. Not really sure how anyone can respond regarding McCain's record over 30 years. What she should have said is, I can't tell you how you & John McCain voted in the 12th century or comment on the events of Joe Biden's childhood 50 years ago, but I believe most Americans are more interested in current events like the financial crisis and the Iraq war than going over ancient grudges. All Biden had to do was simply show he knew more than Palin. Instead, he was nasty, aggressive and condescending. He certainly won but he did not show either grace or civility in doing so. He made many errors that she did not pick up on like saying that the only thing that causes climate warming is human activity...that's pathetic.
"No matter how smart you are, there is going to be a learning curve."And guess what? Putting "Country First" when you are 71 means picking a #2 that is already qualified on day 1. And there were plenty of people who were. Instead McCain picked the person he thought could best win him the election. Ms. Palin, how does your proximity to Russia give you foreign policy experience (especially since you have only recently obtained a passport)?"It's very import when you consider even national-security issues with Russia as Putin rears his head and comes into the air-space of the United States of America. Where-where do they go? It's Alaska. It's just right over the border. It is from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there. They are right next to-to our state."(that's a real quote)First off, its largely a non-nonsensical answer. But lets consider the real charge; that the Russians are incurring on US airspace in Alaska.1. Alaska has a tiny maritime border with Russia (the vast majority of Alaska’s coast borders international waters). But as governor and in her Alaska National Guard role, Palin is not involved in discussions on maritime security; that's a Coast Guard duty.2. Palin also offered as evidence of her experience on Russia, “We have trade missions back and forth, we do. It’s very important when you consider even national security issues with Russia.” But Palin has never been to Russia, and the McCain campaign has provided no evidence of any personal involvement she has had in negotiations with Russian trade officials.3. The air defense identification zone, almost completely over water, extends 12-mile past the perimeter of the United States. However, no Russian military planes have been flying even into that zone, said Maj. Allen Herritage, a spokesman for the Alaska region of the North American Aerospace Defense Command, at Elmendorf Air Force Base."To be very clear, there has not been any incursion in U.S. airspace in recent years," Herritage said. So the official airspace was not violated.4. What Palin might have been referring to was a buffer zone of airspace that extends beyond the 12-mile strip. Although not recognized internationally as America's to protect, the military watches it.That zone is where there has been increased Russian bomber exercises — about 20 incidents in the last two years. When Russian bombers enter that expanded area, sometimes called the outer air defense identification zone by the military, U.S. or Canadian fighter jets are dispatched to check them, Herritage said.Asked about Herritage's statement, Palin's foreign policy adviser, Steve Biegun, insisted the candidate's position was correct. Russia's "old behaviors" of aggressively flying into U.S. airspace have been exhibited recently, he said."Governor Palin told me that when Russian aircraft buzz American airspace and U.S. aircraft are mobilized at Elmendorf Air Force Base, she is informed by her National Guard commander," said Biegun, who did not offer any additional explanation for the contradiction.5. Palin perhaps suggested that Russian leaders fly over Alaskan territory when they travel to the U.S. But when Russian leaders travel to the United States from Moscow, such as when then Prime Minister Vladimir Putin visited the White House in 2005, their flights travel on a westerly path over the Atlantic, thousands of miles from Alaskan airspace.
Look at the educations:Clinton: Rhodes scholar, Oxford and Yale.Obama: Columbia, Harvard magna cum laude, editor law review.Bush W: Yale via the family connection, average student.McCain: Annapolis, 894 of 899 class rank.Biden: U of Del, 506th of 688, Syracuse Law (plagiarism scandal)Now, the real winner here, Palin:-North Idaho Community College-University of Idaho-Matanuska-Susitna community college-Back to University of Idaho, finishing with a BA in communications-journalismSeriously, she's ready for bigger politics maybe, like a Senate or House run, but she's the youngest and most inexperienced candidate EVER to be nominated for VP.Country first.....
What college did Abraham Lincoln go to?
"What college did Abraham Lincoln go to?"Good point, Jim.
"SHE HAS NO CLUE ABOUT ANYTHING!"...Compared to who machiavelli999?One of your complaints: ""Yes, I would have. But here, again, there have -- there have been so many changes in the conditions of our economy in just even these past weeks that there has been more and more revelation made aware now to Americans about the corruption and the greed on Wall Street."...Are you saying that many banks and other types of financial houses weren't acquiring an addiction to CRA money?
"What college did Abraham Lincoln go to?"Self-educated in law with his own successful practice, two centuries ago.Except for Harry Truman, all the presidents since 1897 have had a degree. The idea that the president should be an "everyman/woman" seems somehow ridiculous; you are talking about the most powerful position in the world. I'm baffled if you don't feel that demands a call for intelligence.
To Anon:True, but not everyone went to Harvard. Yale or graduated top of their class. Another thing to consider is, and I have said this before, can you imagine some of the pre-media presidents running today? It would be interesting.
her only purpose in the campaign is to be a distraction. and she's doing a damn good job, by golly!McBush wants to keep voters from thinking about the fact that the country is in the dumper, put there by his party.
Come again? Neither Bush nor the republicans put us in the predicament, at least not alone. Under whose watch did the CRA pass? Franklin Raines did what? Who took the most PAC money from Freddie and Fannie? And lastly, who blocked rollbacks in affirmative action in lending in 2003? Dodd, Pelosi, Frank, Schumer & Co, and Obama has taken either the second most or the most PAC money from fannie and freddie. Who works with Obama on his campaign? Raines and Johnson? Please. McCain may want to avoid the economic mess, but he isn't to blame, certainly not in toto.
Under whose watch did the CRA pass?Seriously? You're still buying that trash that CRA is the definitive cause? Maybe you should look at at least another opinion, and in particular, look at the subprime originations over time. Who bought those loans and securitized them? The answer of course isn't Freddie and Fannie, because regulations kept them from getting all that deep in the subprime mess, which is why of course we pull out this racial crap that supposedly forced the free market to suddenly leverage itself into oblivion starting in 2004. But I'd better be careful presenting a dissenting opinion on this board.
No CRA, no securitized loans, and at least I have the courage not to be anonymous.
The troll, "Anonymous", at 9:25, made an interesting post, which "perhaps" indicates that he or she is either profoundly ignorant of what he or she speaks, or is intentionally misleading people. A reasonable presumption is that he is an Obaman "True Believer", and is unable to tell truth from falsehood in this context.Several errors of fact or of presumedly misdirection jump out.1) The Alaska Air National Guard has significant air defense responsibilities. Among other thing, they are involved in the detection, monitoring, and escorting of Russian aircraft which enter the Air Defense Identification Zone (ADIZ). Its commander, Brigadier General Deborah McManus, reports directly to Gov. Palin.2) The ADIZ extends hundreds of miles past the coastline, not a mere 12 miles. "Anonymous" is attempting to confuse the concept of "territorial waters" (up to 12 nautical miles from the low-tide line) with the ADIZ (a national security airspace of interest).3) There are several red herrings, of course, such as the bit about Russian leaders flying over Alaska-- which "Anonymous" introduces with a "perhaps". The idea is to promote an impression (think of advertising or propaganda techniques): - "Perhaps" she meant 'this'. - 'This' is wrong. - Wow, she was really stupid to think that.----------Several other comments.1) While it should not be a disqualification that someone is a recent Harvard, Yale, or Columbia graduate, it does warrant closer examination. Then again, no matter where someone went to college--or even if they did--other factors are more important. 2) Gov. Palin remains more qualified in terms of executive government or private experience than Biden, Obama, or McCain. The next most qualified in terms of experience is McCain. The two totally unqualified candidates are Biden and Obama.3) I don't think that any candidate walks on water, but I do think that Gov. Palin has the most realistic approach. Sure, the Democratmedia attempt to put her in a bad light---their intent is propagandaand not merely reporting (there is a difference). She definitely is more prepared to work in the Oval Office than either Sens. Biden or Obama.4) But . . . I mainly vote on policy issues. I'm not a big fan of McCain, but Obama is so extreme as to make the former look eminently sensible.
> And guess what? Putting "Country First" when you are 71 means picking a #2 that is already qualified on day 1.Really? So McCain should assume he's going to die on January 23 when he picks his running mate?More critically, that that should be one of the PRIMARY criteria he uses?Or should he look for someone he thinks will be able to do the job in six or twelve months better than anyone else he has available to him -- who will also help substantially with his ticket?And Sarah did that latter spectacularly well. All the ennui and dissatisfaction of the conservatives with McCain as a choice literally EVAPORATED when she was chosen. The opposition was so discombobulated by her that they spent two weeks sniping at her makeup and chasing their own tails, and giving credence to every one of the critics who made (and still make) the point that the Left, not the Right, are the sexists and racists.And regardless of that --You're basically arguing against McCain because his #2 choice is not immediately *markedly* better than the other party's #1 choice? OooooooKAY, then.See, folks? Logic -- it works both ways -- GIGO in action.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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