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Sarah Palin: "Capitalism Has Taken A Hit" Because Of Crony Capitalism

SARAH PALIN: I think what the survey represents, Sean, is perhaps some survey recipients, who answered the question, are confusing dirty crony capitalism with genuine free-market capitalism, which is the good kind of capitalism. We've shone a bright light on the problems caused by crony capitalism in recent months, in the last year or two. And I think that, perhaps, capitalism in general has taken a hit because of this new public awareness -- because of that light that's been shone on crony capitalism, and perhaps people are believing that capitalism in general isn't such a good thing.


PALIN: Look at where he's (Obama) taken this country. He's taken us into a state of bankruptcy with his changed idea on it being a good thing to raise the debt ceiling. A very scary proposal was recently revealed by Geithner, essentially saying let the president have free reign on raising the debt ceiling to whatever level he wants it. That's a very scary thought because Barack Obama is a socialist. He believes in socialism, in redistributing wealth, in confiscating hard-earned dollars of our small business men and women so that they cannot reinvest their dollars and hire more people, and grow and expand. Instead, he believes in these failed socialist policies. And I say that not to personally condemn our president, but I say it because I face reality and I see what's going on. And I see the path that we are on, and the fact that Barack Obama has not had a budget in the four years that he has been in office, and not be worried about it, and continues to spend recklessly other people's money, and that is sign of that idea of loving socialism.

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