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Wednesday, September 23, 2009

Gov. Palin's Hong Kong Speech: Reagan Resurrected


Video Courtesy of New England Cable News (NECN)

Photo Spread

Photo Courtesy of CLSA. Governor Palin delivers 90-minute Reagan Conservative speech in Hong Kong.

Photo Courtesy of CLSA. CLSA Chairman and CEO, Jonathan Slone introduces Governor Palin and "quoted President Eisenhower on the responsibilities of citizens in a democratic society to debate issues that matter (Wheeler, 2009, ¶3).

Photo Courtesy of CLSA. Governor Palin delivers 90-minute Reagan Conservative speech in Hong Kong.

Synopsis and Distillation

The Wall Street Journal's reportage focused on Governor Palin's Reagan Conservatism; Bloomberg focused on her statements pertaining to the Federal Reserve, and perhaps the most surprising coverage of all came from the New York Times.

New York Times

"A number of people who heard the speech in a packed hotel ballroom...said...she was articulate, well-prepared and even compelling" (McDonald, 2009, ¶2). "Doug A. Coulter, head of private equity in the Asia-Pacific region for LGT Capital Partners" said Governor Palin "beat all expectations (McDonald, 2009, ¶3). "Cameron Sinclair, another speaker at the event, said Mrs. Palin emphasized the need for a grassroots rebirth of the Republican Party driven by party leaders outside Washington" (McDonald, 2009, ¶6). " 'She’s definitely a serious future presidential candidate, and I understand why she plays so well in middle America,' said Mr. Coulter, a Canadian" (McDonald, 2009, ¶8).

The most salient quotes came from Melvin Goodé, a regional marketing consultant, who is African-American and an Obama supporter. "[Governor] Palin chose Hong Kong because, he said, it was “a place where things happen and where freedom can be expanded upon” (McDonald, 2009, ¶16). “It’s not Beijing or Shanghai,” he said (McDonald, 2009, ¶17). Mr. Goodé's closing remarks: "She was articulate and she held her own. I give her credit. They’ve tried to categorize her as not being bright. She’s bright” (McDonald, 2009, ¶21). This is from an Obama supporter!


The Fed and the government sent a message to companies that “the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out,” Palin said in the closed door speech, according to a tape of the event given to Bloomberg News. “Of course the little guys are left out then. We’re left holding the bag, all the moms and pops all over America” (Kate & Chan, 2009, ¶3).

“How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform,” she said. “The words ‘fox’ and ‘henhouse’ come to mind” (Kate & Chan, 2009, ¶9).

Wall Street Journal

"We got into this mess because of government interference in the first place....We're not interested in government fixes, we're interested in freedom," Governor Palin said (Cheng & Frangos, 2009, ¶2).

"She described her political philosophy as a 'common-sense conservatism,' and said the free-market policies of Ronald Reagan and Margaret Thatcher should be guides for how to get out of the current economic situation. 'Liberalism holds that there is no human problem that government can't fix if only the right people are put in charge,' she said" (Cheng & Frangos, 2009, ¶7).

"She called for tax cuts as well as the elimination of the capital-gains and estate tax. Then, she said, the world will 'watch the U.S. economy roar back to life'" (Cheng & Frangos, 2009, ¶11).

"'We all hope to see a China that is stable and peaceful and prosperous,' she said. But she added that the U.S. must work with Asian allies in case 'China goes in a different direction'" (Cheng & Frangos, 2009, ¶14). "On U.S.-China trade relations, Ms. Palin called for more openness and warned against protectionism. 'We need China to improve its rule of law, and protect our intellectual property,' she said. 'On our part, we should be more open to Chinese investment where our national security interests are not threatened'" (Cheng & Frangos, 2009, ¶16).


The foregoing compilation clearly documents 90 minutes of pure Reagan Conservatism. In her speech, Governor Palin called for small limited government, states rights, and peace through strength. Supporting the thesis that Governor Palin's appeal stretches from full right to center-left, she wowed even a die-hard Obama supporter with her speech.

Facebook user Catherine Yu Yeun Chen wrote on Governor Palin's Facebook Wall that a friend who was present at the speech reported "Sarah Palin was received with the biggest round of applause. It took three minutes at least before she was able to start her speech..."

This was absolutely a defining moment and a major accomplishment for Governor Palin. Today, an Obama supporter regarded her as brilliant. Today, the New York Times, that bastion of liberalism declared that Governor Palin is a credible candidate for 2012.

For this speech, Governor Palin earned a sum at least equal to an entire year of gubernatorial pay and one fifth of Obama's pay. Women all over the world should hold their heads high today. The world is trembling beneath her sonic boom, glass is exploding and the shards are falling to earth....


Cheng J. and Frangos, A. (2009, September 23). "Palin Addresses Asian Investors." Wall Street Journal. Retrieved September 23, 2009 from: http://online.wsj.com/article/SB125368057547633229.html

In Hong Kong, Palin touts 'Main Sreet, U.S.A'. (2009, September 23). NECN. Retrieved September 23, 2009 from: http://www.necn.com/Boston/World/2009/09/23/In-Hong-Kong-Palin-touts/1253706988.html

Kate, D. T. and Chan, C. (2009, September 23). "Palin attacks Fed on Hong Kong visit, Wants ‘Responsible China.’ " Bloomberg News. Retrieved September 23, 2009 from: http://www.bloomberg.com/apps/news?pid=20601074&sid=aDptsOIuwheU

McDonald, M. (2009, September 23). "Palin Speaks to Investors in Hong Kong." The New York Times. Retrieved September 23, 2009 from: http://www.nytimes.com/2009/09/24/us/politics/24palin.html

Wheeler, S. (2009, September 23). Governor Sarah Palin address 16th CLSA Investors’ Forum". Credit Lyonnais Securities Asia. Retrieved September 23, 2009 from: https://www.clsa.com/about-clsa/media-centre/2009-Media-releases/governor-sarah-palin-address-16th-clsa-investors-forum.php

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