September 24, 2009 3:34 PM

Palin Talks About U.S.-China Ties in Asia

By
CBSNews
(AP)  Months after abruptly resigning as Alaska's governor, Sarah Palin resurfaced in Hong Kong more moderate in tone and better versed in international affairs, possibly laying the first brick for a 2012 White House bid.

In her first overseas speech Wednesday, the former vice presidential candidate touched on a wide range of issues - from financial markets and Afghanistan to China-U.S. relations and health care - before a room packed with more than a thousand investors and bankers at an annual investment conference.

"I'm going to call it like I see it, and I will share with you candidly a view right from Main Street, Main Street U.S.A.," Palin said, according to a video of part of the speech obtained by The Associated Press. "And how perhaps my view of Main Street ... how that affects you and your business."

While she displayed some of her trademark folksy charm, the fireworks from her debut speech at the Republican National Convention last year were apparently missing. So, too, was the sharp partisan edge of the politician who toured the country as Sen. John McCain's running mate. She appeared more moderate, did not attack President Obama directly and avoided any major gaffes, attendees said.

"She has learned and grown from the election," said Melvin Goode, New York-based consultant who said he'd carried out some political polling for President Barack Obama in the past. "She was more level headed. ... She didn't criticize. I was waiting to see if she said anything derogatory about Obama, and she didn't."

The speech was closed to all media by the event's organizer, brokerage CLSA, which paid Palin an undisclosed fee that was rumored to be in the low six figures. The AP reviewed contents of her speech from accounts such as interviews with attendees and video footage.

After the AP reported on the speech, CLSA sent an e-mail to the AP threatening legal action about releasing any contents of Palin's address. Palin herself later posted a transcript of the speech on her Facebook page.

During her address, Palin argued for smaller government, calling for lower taxes and a private-sector solution to health care. She contended many average Americans were uncomfortable with health care reforms that infringe on private enterprise.

Palin Takes "Main Street" to Hong Kong

She criticized the U.S. Federal Reserve's massive intervention in the economy over the last year, according to one attendee, who declined to be named because he didn't want to be seen as speaking on behalf of his company. Praising the conservative economic policies of former U.S. President Ronald Reagan and former British Prime Minister Margaret Thatcher, she gave a general defense of capitalist systems.

"She was careful not to be over-critical ... but she said she saw the fiscal situation is going out of control," said Gregory Lesko, managing director of New York-based Deltec Asset Management.

It marked Palin's first major appearance since she abruptly resigned her post as governor in July, and the speech's location and international scope are seen as steps toward strengthening her credentials ahead of a possible bid for the presidency in 2012.

On Thursday, Palin deflected questions about her political ambitions.

"You know, I wish I could predict the future, cannot, so can't answer that question right now, but look forward to more opportunities to send good messages from the U.S., and hopefully help meet some of the challenges that we're all facing today," Palin told the AP shortly before her departure from Hong Kong.

While she's thought to be considering a run, her Hong Kong trip bore no political overtones, said Fred Malek, a friend and Palin adviser.

"You can read a lot of things into it, 'Is she trying to burnish her foreign policy credentials?' and the like. But really, it's a trip that will be beneficial to her knowledge base and will defray some legal and other bills that she has," Malek said.

Wednesday's speech marked her first trip to Asia, and she used the occasion to discuss China's relationship with the U.S.

Palin said she believes the U.S. has a role to play in helping China define its future, while emphasizing that Washington will always push for greater freedom there. She urged China to become a responsible member of the global community and help bring a resolution to pressing problems related to Afghanistan, North Korea and other trouble spots.

In an apparent reference to renewed tensions between minority Muslim Uighurs and members of China's Han majority that have led to violent riots, Palin suggested Beijing's continuing ethnic problems showed it was hard pressed to handle regional problems, according to another attendee.

AP
Add a Comment See all 11 Comments
by stuart-johns September 24, 2009 10:32 PM EDT
Sarah Palin is the poster girl for the failed "No Child Left Behind Act".
Reply to this comment
by nor-one September 24, 2009 9:19 PM EDT
Does anybody really care what this grasping money grubbing failed bushie says? Why does any reputable news service report anything she excretes. Leave it to Murdocks Monkeys on Fox, they need her.
Reply to this comment
by bc-1948 September 24, 2009 7:48 PM EDT
How about her quote that the problem with wall street was that it had
to much regulation - that is why it tanked.

Boy, a real intelligent person.
Reply to this comment
by vernique September 24, 2009 6:13 PM EDT
If the public option is good enough for congressmen, why isnt it good enough for the public?
Reply to this comment
by stuart-johns September 24, 2009 7:27 PM EDT
It is and it's being introduced tomorrow morning by Rockefellar as a final amendment to a bill they may be voting on in a couple of three days.
by bassinapple September 24, 2009 5:12 PM EDT
There was always a disconnect between what the media was telling us about Sarah Palin, and what we could see for our selves. She had given plenty of interviews before her VP announcement to local media and C-SPAN. She was knowledgeable about Alaskan issues. After her interview with Katie Couric, the media should have looked into past interviews she had given.
Reply to this comment
by stuart-johns September 24, 2009 5:53 PM EDT
They did. That's why she did'nt win the election.
by boatdocster September 24, 2009 5:02 PM EDT
Cheney - Palin in 2012...

Tweedle-Killer and Tweedle-Dumber...
Reply to this comment
by HGOODGUY September 24, 2009 4:34 PM EDT
Why does Saraah Palin warrant any publicity??
This woman who doesn't know a turd from a baby ruth candy bar gives fluff a whole new meaning!!
Reply to this comment
by bradkt1 September 24, 2009 4:03 PM EDT
Jeez...I hope she doesn't cause China to break diplomatic relations with the United States.

Better she stays at home where she can see Russia from her front porch...and can't see China at all.
Reply to this comment
by starleo146 September 24, 2009 6:48 PM EDT
she gave a talk on the finance crisis in the us what a expert to send to china we may be in a lot of trouble thanks to this dud, she can say now she can see Russia from her house, and I have been to China and got paid 300,000 dollars, on her resume and 1/2 term as governor
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