The AP did a little fact checking. Read it all! AP concludes that the book is a requisite "pre-campaign manifesto." McCain's people say Palin is lying. One can only hope that she would be the republican nominee. And don't forget to tune into to Oprah Monday. Palin will be promoting her book. Here are some of my favorites fact checks:
PALIN: Says Ronald Reagan faced an even worse recession than the one that appears to be ending now, and "showed us how to get out of one. If you want real job growth, cut capital gains taxes and slay the death tax once and for all." THE FACTS: The estate tax, which some call the death tax, was not repealed under Reagan and capital gains taxes are lower now than when Reagan was president. Economists overwhelmingly say the current recession is far worse. The recession Reagan faced lasted for 16 months; this one is in its 23rd month. The recession of the early 1980s did not have a financial meltdown. Unemployment peaked at 10.8 percent, worse than the October 2009 high of 10.2 percent, but the jobless rate is still expected to climb.
Here's another:
PALIN: Rails against taxpayer-financed bailouts, which she attributes to Obama. She recounts telling daughter Bristol that to succeed in business, "you'll have to be brave enough to fail." THE FACTS: Palin is blurring the lines between Obama's stimulus plan — a $787 billion package of tax cuts, state aid, social programs and government contracts — and the federal bailout that Republican presidential candidate John McCain voted for and President George W. Bush signed. Palin's views on bailouts appeared to evolve as McCain's vice presidential running mate. In September 2008, she said "taxpayers cannot be looked to as the bailout, as the solution, to the problems on Wall Street." A week later, she said "ultimately what the bailout does is help those who are concerned about the health care reform that is needed to help shore up our economy." During the vice presidential debate in October, Palin praised McCain for being "instrumental in bringing folks together" to pass the $700 billion bailout. After that, she said "it is a time of crisis and government did have to step in."
Ha!
PALIN: Describing her resistance to federal stimulus money, Palin describes Alaska as a practical, libertarian haven of independent Americans who don't want "help" from government busybodies. THE FACTS: Alaska is also one of the states most dependent on federal subsidies, receiving much more assistance from Washington than it pays in federal taxes. A study for the nonpartisan Tax Foundation found that in 2005, the state received $1.84 for every dollar it sent to Washington.
