Sarah Palin continues to bash a sitting president criticizes President Barack Obama about economics claiming he’s inexperienced. What former U.S. president had presidential experience? It’s called a second term. Ops, sorry Bush screwed his second term up really good. Outside of “Fox News” the Infotainment Network, Palin gets no political coverage. Besides quitting as Alaska’s governor, here’s a peak at “Sarah the Barracuda” economic experience from Wasilla.
In 2000, Sarah Palin, as mayor of the Alaskan town of Wasilla, hired a Washington lobbyist to secure federal earmarks for her community. The earmarks were in the millions for a small town’s population under 7000 residence. This is nothing out of the ordinary for the state of Alaska. Alaska’s government receives more money per capita in federal earmark money than any other state, despite being the only state in the union with no income tax and no sales tax. They fund their government primarily with “Big Oil” petroleum money, and recently distributed oil profits to its citizens in the form of allowance checks. Ok, it’s a great way to balance any state or local municipality budget funded with big oil unregulated profits.
But even in her heavily earmarked state, Sarah Palin was considered the “earmark queen”.
From 2000 to 2003, she secured over “$27 million in earmarks, averaging $6.7 million” in federal money every year for her town of about 6,700 people. As mayor, Sarah Palin managed to secure a thousand dollars a year per person in her city in earmarks. When Palin left office in 2002, Wasilla had “racked up nearly $20 million in long term debt,” or roughly $3,000 of debt per resident. Asked in 1996, her first year in office, about her ability to “effectively run the city”, Palin stated “It’s not rocket science, its $6 million and 53 employees.”
Only “$6 million and 53 employees” and yet she managed to bury it $20 million in debt in just two terms, and Palin states the president knows nothing about economics?