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Palin On Politicians And Crony Capitalism: "I'm Not For Sale"

Former Governor Sarah Palin gave the keynote speech at a Tea Party rally in Indianola, Iowa on Saturday afternoon.

"We sent a new class of leaders to DC, but immediately the permanent political class, they tried to co-opt them. Because the reality is we are governed by a permanent political class, until we change that," Palin said about career politicians. "They talk about massive, unsustainable debt and yet they keep incurring more. They spend, they print, they borrow, they spend more, and they stick us with the bill. Then they pat their own backs and they claim that they faced and solved the debt crisis that they got us in."

On crony capitalism: "So many of them, they arrive in Washington, DC of modest means and then miraculously throughout the years they end up becoming very, very wealthy. Well, it's because they derive power and their wealth from their access to our money, to taxpayer dollars."

"They use it to bail out their friends on Wall Street. And their corporate cronies. And to reward contributors. And to buy votes via earmarks. There is so much waste. And there is a name for this. It's called 'corporate crony capitalism,'" she said.

“Like you, I’m not for sale. I believe in the free market and that is why I detest crony capitalism. And Barack Obama has shown us cronyism on steroids. It will lead to our downfall if we don’t stop it now.”

The speech, roughly 40 minutes, ranged from politics to policy. Palin made sure to address reforming taxes and entitlements. Palin called for eliminating all federal corporate income taxes and called entitlement reform "our duty."

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