From her Facebook page. And "journalists" are listening:
Stop and think about that for a second. A Facebook post supposedly
written by Sarah Palin, a woman who proved unable during the 2008
presidential campaign to put together so much as a single coherent
sentence on global economic affairs, much less a complete paragraph, is
now considered newsy enough to lead off an article exploring the
politics of the dollar. It is very, very rare that I agree with the
American Enterprise Institute, but I've got to say amen to AEI's Norm
Ornstein, who is also quoted in the FT article.
"The dollar has always been a testosterone issue
among America's political classes," said Norm Ornstein, a veteran
analyst at the conservative American Enterprise Institute.
"This
time there may be a legitimate debate to be had over the dollar's
reserve status, but Sarah Palin is not qualified to participate in it."
Adding injury to the insult, Palin of course goes for manufactured fear and outrage about a "weak" dollar, which she extrapolates onto symbolizing a "weak" America. This is way over-simplified and not exactly right. At the moment, a modestly weaker dollar is good for American exports (other countries can afford our products). And one reason for the weakening dollar is that global investors are optimistic about the international economy's recovery and again are taking risks with their investments, which means moving money away from the dollar.
But I'm more interested in the politics and naked opportunism from a Facebook pundit who I doubt could pass a basic economics class. Palin is all about projecting strength. Blithering, ignorant strength. And the "weak" dollar as a reflection on a "weak" President Obama is the exact message a conservative populist base will embrace in the 2012 Republican Primary. It's a simple message. One our media would undoubtedly be reluctant to fact-check.