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Sarah Palin did not announce whether she would enter the 2012 presidential contest in a fiery and substantive speech in Iowa on Saturday, but she did make three more significant announcements that, in the long run, will potentially be more important than a potential future announcement date. First, as part of a five point plan to revive America's economy, Palin called for the elimination of the federal corporate income tax as a way to "break the back of crony capitalism." Her reasons for eliminating the federal corporate income tax, though, were more important than the actual proposal because it was a way in which she drew a line to differentiate herself from not only President Barack Obama, but nearly every other GOP presidential candidate, most notably Texas Gov. Rick Perry.  Second, on the three year anniversary of her vice presidential acceptance speech at the Republican National Convention in 2008 when Palin, a reform minded governor who had record approval ratings, invigorated the flailing McCain campaign, Palin cast herself squarely as the anti-McCain. Palin said that she could not understand why some people referred to Tea Partiers as "hobbits," a clear reference to McCain's remarks that denigrated a political movement his critics claim he shamelessly, like a typical politician, used to get re-elected only to turn his back on it once he got back to his familiar Washington trappings. Palin has written on her Facebook page that America needs a "do-over" in 2012, and her speech gave more fuel to the thought that Palin believes America should get a 2008 rematch against President Obama with her name on top of the Republican ticket.  Third, her speech was significant because, should she choose to enter the presidential race, it put forth a skillfully crafted blueprint that would allow her to seamlessly run a primary and general election campaign at the same time, much like what then candidate Obama did against Hillary Clinton and George W. Bus

A declaration of War on the status quo ..... Excellent point-by-point summary of what has to be done to restore American liberty and prosperity, and the important role Sarah Palin can play. This article presents a conservative manifesto describing wha thas to be done to save America. The points are absolutely excellent. Excerpt: Mrs. Palin, you are now free of the Republican Party. The Party needs you more than you need it. To say that the Republican Party, on its own, has a charismatic void is a vast understatement. You are now free to wage all out war on the status quo. More importantly you are free to fashion a Reagan-esque Conservative alliance on your terms. At the risk of being presumptuous, I would suggest the following lines of attack for your war against the Democrats and the Obama/ Pelosi / Frank/ Dodd Economy. Free market capitalism must be emphasized as our only true hope for recovery -- not the crony capitalism of the Democrats..... Points include Energy Policy, Term Limit Congress, Repeal of government over-regulation, Taxes, the Judiciary, Border Protection, Abortion, Foreign Policy, and Dick "the Churchillian" Cheney

Lengthy blog post discussing the Draft Sarah Palin post.

Interesting collection of stories indicate that the Wall Street Banksters are losing control of the Republican Party.  They are realizing that their money can no longer buy elections.  The power of the Tea Party grassroots movement is now dominating big government issues and decisions.   I for one hope this is true! 

The rule of thumb for fact checkers of Thursday night's vice-presidential debate was that every time Joe Biden sounded especially confident, he was saying something that wasn't true. Levin tracks the many lies, distortions and half truths Joe Biden used in the debate and the Obama campaign uses in ads to smear John McCain. The healthcare lies are especially revealing.

a new global monetary regime to reduce currency turmoil and spur growth: "This new system is likely to need to involve the dollar, the euro, the yen, the pound and a renminbi that moves toward internalization and then an open capital account," he wrote, in an echo of what we've been saying for some time. And here's Mr. Zoellick's sound-money kicker: "The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today." Mr. Zoellick's last observation will not be news to investors, who have traded gold up to $1,400 an ounce, its highest level in real terms since the 1970s, as a hedge against the risk of future inflation. However, his point will shock many of the world's financial policy makers, who still think of gold as a barbarous relic rather than as an important price signal. Lest they faint in the halls of the International Monetary Fund, we don't think Mr. Zoellick is calling for a return to a full-fledged gold standard. His nonetheless useful point is that a system of global monetary cooperation needs a North Star to judge when it is running off course. The Bretton Woods accord used gold as such a reference until the U.S. failed to heed its discipline in the late 1960s and in 1971 revoked the pledge to sell other central banks gold at $35 an ounce.