In Hong Kong, Palin Blames Big Gov't for Crisis

Former Alaska governor tries to burnish foreign credentials
By Jason Farago,  Newser Staff
Posted Sep 23, 2009 6:20 AM CDT
CLSA Asia-Pacific Markets CEO Jonathan Slone introduces Sarah Palin listens during the 16th annual CLSA Investors' Forum in Hong Kong Wednesday, Sept. 23, 2009.   (AP Photo/CLSA Asia-Pacific Markets, Jeff Topping)
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(Newser) – The global financial crisis was the fault of governments, not corporations, Sarah Palin told investors today at a closed-door talk in Hong Kong. In her first speaking engagement outside North America, the former Alaska governor said that "we got into this mess because of government interference in the first place." Palin called for tax cuts on American businesses and a new round of deregulation to make the American economy "roar back to life," according to a recording obtained by the Wall Street Journal.

Palin bashed what she called redistributive economic policies that "history shows simply do not work," and questioned whether President Obama's "utopian-sounding" campaign promises had delivered anything. She also said that the rise of China "rightfully makes a lot of people nervous," lamenting that prosperity hasn't led to greater democratization. Palin joked that famously dense Hong Kong was unlike her home state: "The wildlife to human ratio is different from Alaska, but I could get used to it."