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Sarah Palin on Corporations

Republican Governor (AK); 2008 nominee for Vice President


I fought against crony capitalism as governor

Government is taking over more and more of the role that the free market has traditionally played in America. The problem is that when government is calling the shots, it's politics that matters, not good ideas, hard work, or perseverance.

It's called crony capitalism, and it's something I fought against as governor. In Alaska, we took on "Big Oil" and its allies in government who were taking the 49th state for a ride. My administration challenged lax rules that allowed corruption and irresponsible resource development, and we even took on the largest corporation in the world at the time, Exxon-Mobil.

Our reforms helped reduce politicians' ability to play favorites and helped clean up corruption. "Big Oil", including executives and lobbyists of BP, Exxon, Conoco-Phillips, and others, didn't pal around with me, but, then, that was a mutual decision.

Source: America by Heart, by Sarah Palin, p. 84-85 , Nov 23, 2010

Adopt a pro-market agenda that invites competition

Our government needs to adopt a pro-market agenda that doesn't pick winners and losers but it invites competition and it levels the playing field for everyone. Washington has got to across the board, lower taxes for small businesses so that our mom and pops can reinvest and hire people so that our businesses can thrive. They should support competition, support innovation, reward hard work.
Source: 2010 Tea Party Convention speeches , Feb 6, 2010

Small businesses have to be brave enough to fail

I considered the Obama administration's panicky effort to stimulate the economy by spending enormous amounts of borrowed money shortsighted and ill-conceived. It defied the lessons of history and common sense. His nearly $1 trillion stimulus package was patently unfair both to future generations who will inherit our wasteful debt and to the everyday Americans who work very hard to pay the taxes that the administration seeks to spend at breakneck speed.

"Bristol, answer me this," I said to my daughter. "You want to buy a coffee show someday, right? You know you'll be rewarded for your hard work to meet a demand for a quality product and good service. And you know you'll have to be brave enough to fail, right? This business would be YOUR responsibility. You can't look to anyone to bail out if you make poor decisions" I told Bristol, "Don't do it until this administration understands government's role in orivate business. Or wait until they're out of office."

Source: Going Rogue, by Sarah Palin, p.357-358 , Nov 17, 2009

FactCheck: No, Obama’s plan won’t tax millions of businesses

Palin repeated a falsehood that the McCain campaign has peddled, off and on, for some time, saying, “When you talk about Barack’s plan to tax increase affecting only those making $250,000 a year or more, you’re forgetting millions of small businesses tha are going to fit into that category. So they’re going to be the ones paying higher taxes thus resulting in fewer jobs being created and less productivity.”

It’s simply untrue that “millions” of small business owners will pay higher federal income taxes under Obama’s proposal. Several hundred thousand small business owners, at most, would have incomes high enough to be affected by the higher rates on income, capital gains and dividends that Obama proposes. That counts as “small business owners” even those who merely have some sideline income from such endeavors as freelance writing, speaking or running rental properties, and who get the bulk of their income from employment elsewhere.

Source: FactCheck.org on 2008 Vice Presidential debate , Oct 2, 2008

Wall Street violated public trust & caused mortgage crisis

Q: Who is responsible for these failing institutions [such as AIG, Fannie Mae, Freddie Mac, and Lehman Bros., in the mortgage crisis] in your view?

A: I think the corruption on Wall Street--that is to blame. And that violation of the public trust. And that contract that should be inherent in corporations who are spending, investing other people’s money--the abuse of that is what has got to stop. And it’s a matter, too, of some of these CEOs and top management people and shareholders not holding that management accountable, being addicted to, we call it, O-P-M, “other people’s money.” Spending that, investing that, not using the prudence that we expect of them. But here again, government has got to play an appropriate role in the stringent oversight, making sure that those abuses stop.

Source: 2008 Fox News interview on “Hannity & Colmes” , Sep 17, 2008

Governor must act as effective CEO on behalf of Alaskans

PHILOSOPHY IN GOVERNING: I look forward to building a team that will put Alaskans first! I believe in fairness and inclusion and will call on the public to work together for Alaska’s common good. I refuse to use divisive tactics that polarize us for political gain.

As manager of our vast public resources, the Governor must act as an effective CEO on behalf of all Alaskans in negotiating the best deals for the state, and I am prepared to tackle that challenge.

Source: Palin-Parnell campaign booklet: New Energy for Alaska , Nov 3, 2006

Encourage small business growth by reducing business taxes

SMALL BUSINESS: Alaska’s small business owners are the backbone of our regional economies. Small Alaskan-owned businesses should have just as much say in state policy as the big companies do. Our precious businesses are major employers of Alaskans and keep Alaska’s money circulating through our economy. As Mayor and CEO of the booming city of Wasilla, my team invited investment and encouraged business growth by eliminating small business inventory taxes, eliminated personal property taxes, reduced real property tax mill levies every year I was in office, reduced fees, and built the infrastructure our businesses needed to grow and prosper.
Source: Palin-Parnell campaign booklet: New Energy for Alaska , Nov 3, 2006

2010 Governor, House and Senate candidates on Corporations: Sarah Palin on other issues:
AK Gubernatorial:
Sean Parnell
AK Senatorial:
Lisa Murkowski
Mark Begich

2011 Special Elections:
CA-36:Jane Harman(D)
CA-36:Janice Hahn(D)
NV-2:Dean Heller(R)
NY-9:Anthony Weiner(D)
NY-26:Chris Lee(R)
NY-26:Kathleen Hochul(D)
Retiring 2012:
CA-6:Lynn Woolsey(D)
OK-2:Dan Boren(D)
MI-5:Dale Kildee(D)
TX-14:Ron Paul(R)
Running for Mayor:
CA-51:Bob Filner(D)
Running for Governor:
IN-6:Mike Pence(R)
WA-8:Dave Reichert(R)
Running for Senate:
AZ-1:Jeff Flake(R)
CT-5:Chris Murphy(R)
HI-2:Mazie Hirono(D)
IN-2:Joe Donnelly(D)
MO-2:Todd Akin(R)
MT-0:Dennis Rehberg(R)
ND-0:Rick Berg(D)
NM-1:Martin Heinrich(D)
NV-1:Shelley Berkley(D)
UT-3:Jason Chaffetz(R)
Dem. Freshmen
in 112th Congress:

AL-7:Terri Sewell
CA-33:Karen Bass
DE-0:John Carney
FL-17:Frederica Wilson
HI-1:Colleen Hanabusa
LA-2:Cedric Richmond
MA-10:Bill Keating
MI-13:Hansen Clarke
RI-1:David Cicilline
GOP Freshmen
in 112th Congress:

AL-2:Martha Roby
AL-5:Mo Brooks
AZ-1:Paul Gosar
AZ-3:Ben Quayle
AZ-5:David Schweikert
AR-1:Rick Crawford
AR-2:Tim Griffin
AR-3:Steve Womack
CA-19:Jeff Denham
CO-3:Scott Tipton
CO-4:Cory Gardner
FL-12:Dennis Ross
FL-2:Steve Southerland
FL-21:Mario Diaz-Balart
FL-22:Allen West
FL-24:Sandy Adams
FL-25:David Rivera
FL-5:Rich Nugent
FL-8:Dan Webster
GA-2:Mike Keown
GA-7:Rob Woodall
GA-8:Austin Scott
ID-1:Raul Labrador
IL-8:Joe Walsh
IL-10:Bob Dold
IL-11:Adam Kinzinger
IL-14:Randy Hultgren
IL-17:Bobby Schilling
IL-8:Joe Walsh
IN-3:Marlin Stutzman
IN-4:Todd Rokita
IN-8:Larry Bucshon
IN-9:Todd Young
KS-1:Tim Huelskamp
KS-3:Kevin Yoder
KS-5:Mike Pompeo
LA-3:Jeff Landry
MD-1:Andy Harris
MI-1:Dan Benishek
MI-2:Bill Huizenga
MI-3:Justin Amash
MI-7:Tim Walberg
MN-8:Chip Cravaack
MO-4:Vicky Hartzler
MO-7:Billy Long
MS-1:Alan Nunnelee
MS-4:Steven Palazzo
GOP Freshmen
in 111th Congress:

NC-2:Renee Ellmers
ND-0:Rick Berg
NH-2:Charlie Bass
NH-1:Frank Guinta
NJ-3:Jon Runyan
NM-2:Steve Pearce
NV-3:Joe Heck
NY-13:Michael Grimm
NY-19:Nan Hayworth
NY-20:Chris Gibson
NY-24:Richard Hanna
NY-25:Ann Marie Buerkle
NY-29:Tom Reed
OH-1:Steve Chabot
OH-15:Steve Stivers
OH-16:Jim Renacci
OH-18:Bob Gibbs
OH-6:Bill Johnson
OK-5:James Lankford
PA-10:Tom Marino
PA-11:Lou Barletta
PA-3:Mike Kelly
PA-7:Patrick Meehan
PA-8:Mike Fitzpatrick
SC-1:Tim Scott
SC-3:Jeff Duncan
SC-4:Trey Gowdy
SC-5:Mick Mulvaney
SD-0:Kristi Noem
TN-3:Chuck Fleischmann
TN-4:Scott DesJarlais
TN-6:Diane Black
TN-8:Stephen Fincher
TX-17:Bill Flores
TX-23:Quico Canseco
TX-27:Blake Farenthold
VA-2:Scott Rigell
VA-5:Robert Hurt
VA-9:Morgan Griffith
WA-3:Jaime Herrera
WI-7:Sean Duffy
WI-8:Reid Ribble
WV-1:David McKinley
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Page last updated: Nov 06, 2011