As you might expect from a San Francisco newspaper, here’s the headline from the San Francisco Chronicle:
Fallen oil prices a chink in Sarah Palin’s armor
Here’s what the story mentions:
** “Alaska Gov. Sarah Palin’s first two years in office have been called a time of milk and honey, when the resource-rich state was flush with wealth from record oil prices.”
**”From that bounty the hugely popular governor got the state to give $1,200 to most Alaskans in a one-time fuel relief payout that totaled about $740 million. That payout was on top of a record $2,069 dividend from the state’s oil royalty investment program, which distributes checks annually.”
**The state has socked away $1 billion in an education fund for the next school year and education officials say another $1 billion is expected go into the fund this year for future use. More billions went into state savings as well, Palin said.
** “The state currently has $6.6 billion in its constitutional budget reserve fund that it could tap into. A few billion dollars more also is available from other pockets, said Juneau economist Gregg Erickson, a longtime Alaska budget watcher.”
Phew! Alaska has upwards of 10 BILLION dollars in storage for a rainy day. That’s a BAD thing? So what, exactly, is the “chink in her armor”? Here ya go:
The second half of her term isn’t looking so rosy as Palin faces her first major financial challenge as governor. The rapid decline of oil prices has left the state in a looming budget crisis and a late-entrant in the national recession. And that could have political repercussions for the former Republican vice presidential hopeful, who has signaled an interest in a 2012 presidential run but must stay visible in the Lower 48 to be successful.
“Given these bad times, she’s going to have a much more difficult time traveling outside Alaska,” said Larry Sabato, director of the University of Virginia’s Center for Politics. “When times are good, people will let their governor roam. In bad times, citizens expect their governor to stay home and work on solving the problems.”
Say what? She might not be able to FLY as much? That’s the problem? Funny, I didn’t see any problems in the bulk of the story; just the imaginary problems this U of V nitwit seems to conjure up out of thin air.
“She’s kind of been moved up a couple notches and I could see her leaving the state and getting her profile up even higher on the national political level,” said Ketzler, city manager of the Yukon River village of Tanana. “But I think for her to be electable in four years, Obama would really have to screw up.”
Don’t worry, Ms. Ketzler. I think that’s already well underway. Give it a few months and wait for the hyper-inflation to set in from the Stimulus bill’s massive spending. It’ll happen. It’ll happen.