Sarah Palin Would Be Out of Her Depth Without Coaching

“I can’t believe what is going on…it’s unbelievable,” said a companion last night. We had a group of Americans for dinner. “I never thought I’d see the day…”

We thought he was referring to the disappearance of investment banking….or to the bear market on Wall Street. Yesterday, the Dow lost a further 348 points, as investors awaited a bailout. Oil dropped $4.56. The euro slipped down to $1.38. And gold fell like a corpse – down $46.

De…de…de…de…flation. Unemployment is rising. House sellers are getting ‘desperate,’ says the Seattle Times, because buyers are stalling. Car dealers are closing down their lots.

“Well, that’s what you get at the end of a credit expansion….” we replied.

“No…I’m talking about politics. Have you seen that woman Sarah Palin? I liked her at first. At least she was refreshing. But they have to coach her on every question. She’d be out of her depth in a bathtub. It’s pathetic…

“And do you know that the odds that she would have to take over from McCain at his age are 1 in 4? What was he thinking? Imagine her at the head of the world’s biggest economy…and biggest military? It’s scary…what are they thinking?”

We gave our theory: that people come to think what they must think when they must think it. For example, there was a time when the United States really was a nation governed by laws. The steady rule of law helped it grow into the world largest superpower. But now, it’s got more debtors than creditors…and more people beholden to the government than free men. Now, people just want a quick fix; the law be damned.

Bill Bonner
for Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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Mark T

To continue your Argentinisation of the USA theme…should we rename her Eva Pallin or Sarah Peron?

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