Sarah Palin: Most Americans Dislike Capitalism Because They Confuse Crony Capitalism With ‘Good’ Capitalism
Sarah Palin appeared on Sean Hannity‘s show tonight to talk about the continuing “fiscal cliff” fight, as well as new poll numbers showing most Democrats view socialism and the federal government favorably, but far fewer of them view capitalism favorably than Republicans. Palin chalked this up to Americans having an understandably dim view of capitalism, given the state of the economy over the past few years, but said people are confusing crony capitalism for the way a good capitalist system should function.
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Palin said capitalism has taken a hit because in the wake of the current economic crisis, people may no longer believe it is the best system. However, neither she nor Hannity were too surprised to find how many Democrats are sympathetic to socialist ideas.
Hannity argued that in the fiscal cliff discussions, the Republicans are acting like the responsible party while the Democrats are more interested in giving out free stuff and increasing taxes on the rich. Palin added that President Obama has flip-flopped on raising the debt ceiling since he was a senator, and decried the “scary proposal” by Timothy Geithner to give the power of raising the debt ceiling to the executive branch.
Palin called Obama a “socialist” willing to recklessly spend other people’s money, and said that “there isn’t enough money in the world” to pay down how much we’ve owed. She warned that Obama’s policies would lead to communism in the United States.
Watch the video below, courtesy of Fox News:
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