Palin Promotions

Governor Palin today posted on Facebook:

*As many readers have pointed out “WTF” is for “Winning The Future,” President Obama’s re-election campaign slogan.

As Governor I fought the Obama Administration’s plans to cut funds for missile defense in Alaska. So imagine how appalled and surprised I was to read this article by former Clinton CIA Director James Woolsey, appropriately titled “Giving Away the Farm,” concerning President Obama’s latest bizarre actions relating to missile defense.

President Obama wants to give Russia our missile defense secrets because he believes that we can buy their friendship and cooperation with this taxpayer-funded gift. But giving military secrets and technologies to a rival or competitor like Russia is just plain dumb. You can’t buy off Russia. And giving them advanced military technology will not create stability. What happens if Russia gives this technology (or sells it!) to other countries like Iran or China? After all, as Woolsey points out, Russia helped Iran with its missile and nuclear programs. Or what happens if an even more hardline leader comes to power in the Kremlin?

We tried buying off the Kremlin with technologies in the 1970s. That policy was a component of “detente,” and the hope was that if we would share our technologies with them, they would become more peaceful. Things, of course, didn’t work out that way. The Kremlin took western technologies and embarked on a massive military building program. History teaches that peace comes from American military strength. And a central component of that has always been technological superiority. Why would President Obama even dream of giving this away?

Members of Congress saw how foolish President Obama’s gambit was, so they put a section in the defense appropriation bill that specifically forbids the federal government from spending money to share these technologies with the Kremlin. President Obama actually threatened to veto the defense appropriation bill over this section of the law! Fortunately, the House passed the bill with a veto-proof majority, a whopping 322 to 96. Attention now turns to the Senate.

Why is it that President Obama seems to work so hard to give things to our enemies, while at the same time asking friends and allies like Israel to make sacrifices?

During these tough economic times when we are facing massive deficits and a competitive global economy, does President Obama really want to give away technologies that the American taxpayer paid lots of money to develop? Giving away our missile defense secrets won’t make us safer. What it will do is create a situation where we are facing an arms race with ourselves. Russia gets access to our technologies, and we are forced to spend even more money because of the need to stay ahead. Does this make sense to you? Me neither. File this under “WTF.”

- Sarah Palin

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It’s a sunny day in Boston but our thoughts are still with those affected by yesterday’s storm, which ripped through the western part of the state.

There’s so much history here. It’s amazing how much of our nation’s history can be found in just two and a half miles on the Freedom Trail.

We visited some of the cradles of American freedom today – Old North Church, Paul Revere’s home, Bunker Hill – and met many patriots young and old. We met Augie Parziale and his family who took us through the family business. Their bakery has been in business for more than 100 years and going strong because of hard work and determination to fight through the government’s sea of red tape.

Walking in the footsteps of the Sons of Liberty is an extraordinary experience. The history of the rebellion and the republic lives on in these hallowed grounds. These sights are living symbols of our past that remind us to work towards a brighter future.

On to the Granite State!

- Sarah Palin

As published at SarahPAC: Freedom Trail

Governor Palin today posted on Facebook:

The New York Times just can’t seem to get much of anything right lately. No wonder they’re facing economic and reputation woes. Their article today falsely reporting on my record as governor is full of spin, and I shall call them out on it.

Regardless of the recent political posturing, ACES (Alaska’s Clear and Equitable Share) is a success for all stakeholders who want more domestic energy supplies for our great country. The Alaskan people (who collectively own the natural resources, via our state constitution), the resource producers who bid on the right to develop our oil and gas, and consumers all benefit under ACES. It incentivizes production and development. It works.

Amazingly, to the uninformed (or to those who really don’t want to incentivize oil exploration in America) ACES is spun to sound like an oil windfall profits tax and its progressivity is made to sound excessive. In reality, it was born of a need to have a tax structure that did three things:

1. It could not be created under a cloud of political corruption and self-dealing like the former Alaska administration and legislature’s PPT oil valuation structure. That’s a critical fact that is now frequently overlooked years later. Remember the legislators and oil industry players who went to jail because of bribes leading to votes in favor of the former administration’s PPT, which was unfairly tilted in favor of the resource producers against the resource owners (i.e., the people of Alaska)? Have we conveniently forgotten the fact that a corrupt process brought forth PPT, and I and others set out to change it by cleaning up the corruption?

2. It had to align the interests of Alaskans and the oil producers through exploration and production credits in partnership so that they benefit proportionally from commercialization of Alaska’s sovereign resources. This is very different from a government overtaxing personal or corporate income in which the government has no ownership stake in whatever it is that is being taxed.

3. It had to use a progressivity system that protects the producers from commercial strain when oil prices are low; otherwise the producers would seek development opportunities elsewhere. ACES does incentivize industry, but beware that Big Oil will always do what it does best for its shareholders: it will look out for its bottom line and always claim that it needs even more tax breaks. More power to them for trying, but resource owners deserve A CLEAR and EQUITABLE SHARE (ACES) of the value of their commonly-owned oil and gas.

ACES accomplished all three. The current criticism of this fair valuation makes no real sense. As an article at Big Government notes:

“The number of oil companies filing with the Alaska Department of Revenue has doubled indicating that competition has indeed increased. Alaska has the second most business friendly tax set-up — up two spots since the passage of ACES. Additionally, a report from Governor Parnell’s Department of Revenue indicated that 2009 yielded a record high in oil jobs. Even more recently, the newest employment numbers from Alaska show that oil job numbers were higher in January 2011 than in January 2010, indicating that jobs are growing at the seasonal level. Parnell argues that state revenues are in jeopardy, but it is estimated that his proposal would reduce revenues by $100-200 million.” 

Most importantly, Alaska enjoys a $12 billion surplus thanks to ACES and the sound fiscal policies of my administration. I put billions of dollars aside in savings accounts (though I could have easily spent those billions and made a lot of friends with big-spending legislators on both sides of the aisle), and I continued to veto excess spending and Obama stimulus funds, and chopped earmarks by 86% – much to the chagrin of liberal legislators who were used as “sources” in the article. It’s kind of amusing to see state legislators claim credit for the surplus when they didn’t vote for ACES, and they cried to high heaven when I vetoed their wasteful spending on their special interest projects.

Of course, I could have made a lot more friends in Juneau if I had spent the surplus. But I chose to put billions in savings for a rainy day and return a portion to the people of Alaska. (It was their money after all.) I paid down hundreds of millions of dollars into our under-funded state pension plans, then set aside another billion for forward-funding education. I fought the union’s demands for more benefits, engaged in hiring freezes, and cut frivolous state expenditures – again, much to the chagrin of those who spend other people’s money recklessly. That’s sound fiscal policy. I’m proud of it, and Alaska is stronger today because of it.

Now, if others would like to claim credit for it, that is fine. As Ronald Reagan used to remind us: “There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.” Amen!

But let’s not pretend that ACES wasn’t a key factor in the surplus, and let’s not pretend that it hasn’t been a success.

As for AGIA, our long-awaited natural gas pipeline project is moving along according to plan. A huge partnership was developed with Exxon and TransCanada when I put the project out for competitive bids, instead of using behind-closed-door schemes that would have screwed the public. Alaska will help America become energy independent, despite anti-energy politicos claiming AGIA won’t work. It’s already got the 50-year dream off the dime and in the works. See, competition works. So does a transparent process.

- Sarah Palin

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