AFP: Palin blasts 'systemic crisis,' US economy under Obama 2018

Palin blasts 'systemic crisis,' US economy under Obama

(AFP)–2 hours ago 

WASHINGTON — former Republican vice presidential hopeful and television commentator Sarah Palin on Saturday slammed the state of the US economy on the watch of President Barack Obama.

Palin, a former Alaska governor, said she believed the United States had sunk into a “systemic crisis” and reached a “tipping point,” insisting she was seeking the “restoration of the country that we love.”

“America faces a crisis …this kind will relentlessly rage until we do restore all that is free and good and right about America,” she said at an event staged by the conservative Tea Party in Indianola, Iowa.

“It is not just fear of a double dip recession. And it is not even the shame of a credit downgrade for first time in US history. It is deeper than that,” said Palin, the darling of the movement.

“This is a systemic crisis due to failed policies and incompetent leadership.”

Palin, who is not officially a candidate for the Republican presidential nomination, pulled no punches in her criticism of the current US leader.

“Candidate Obama didn’t have a record while he was (seeking high) office, but President Obama sure does,” she said.

Saddled with high unemployment, mortgage woes and sluggish growth, “we have transformed from a country of hope to one of anxiety,” Palin said.

Texas Governor Rick Perry, former Massachusetts governor Mitt Romney and Minnesota lawmaker Michele Bachmann are currently leading the race for the Republican nomination ahead of next year’s presidential election.

But Palin raised $1.6 million in campaign donations in the first six months of the year, according to Federal Election Commission documents, and many Republicans are waiting to see whether she throws her hat into the ring.

A Quinnipiac University poll released this week showed that Obama’s job approval rating had dipped to an all time low with voters disapproving of him by 52 to 42 percent.

The president hopes to set about reversing those numbers with a September 8 speech to a joint session of Congress on measures designed to jolt the recovery back to life and to create jobs.

Palin said some states were “suffering from unemployment numbers that are greater than during the depths of the great Depression.”

“Look, Barack Obama promised to cut the deficit in half, and instead he turned around and he tripled it,” she charged.

She also pulled out the stops to woo her party’s conservative wing.

“The Tea Party movement … is an American awakening. It is coming from ordinary Americans — not the politicos in the beltway, not those types,” she said.

“They talk endless about cutting government and yet they keep spending more.”

“They talk about massive unsustainable debt and yet, they keep incurring more. They spend, they print, they borrow, they spend more and then they stick us with the bill,” she said.

“Then they pat their own backs and claim they faced and solved the debt crisis, that they got us in.”

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