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Sarah Palin grades Obama on the downgrade: 'Disgraceful and embarrassing'

August 8, 2011 |  5:02 pm

Sarah Palin in New Hampshire 6-2-11

Republican former Gov. Sarah Palin weighed in today on the unprecedented credit downgrade of the federal government by Standard & Poor's;

It is a disgraceful and embarrassing situation when the United States finds itself justifiably chastised in the same tone normally reserved for near-bankrupt economies.

In a lengthy statement titled "Conquering the Storm" published to her 3.21 million fans this afternoon on her Facebook page, Palin also warned about the Democrat's tactics and what must happen to him politically in 2012:

Be wary of the efforts President Obama makes to “fix” the debt problem. The more he tries to “fix” things, the worse they get because his “solutions” always involve spending more, taxing more, growing government, and increasing debt.

This debt problem is the greatest challenge facing our country today.

Obviously, President Obama doesn’t have a plan or even a notion of how to deal with it. His press conference today was just a rehash of his old talking points and finger-pointing. That’s why he can’t be re-elected in 2012.

Palin dismissed accounting gimmicks and fake cuts in the "out-years" as "Enron-like accounting games" favored by the "permanent political class in D.C." She also called for Obama to cease his White House  "happy talk" about "'investing' in solar shingles and really fast trains."

She urged her followers to get engaged in 2012 electoral politics and support "experienced vetted, pro-free market fiscal conservatives." She added:

Our economic news is disheartening and the task before can seem daunting, but we must not lose our sense of optimism. People look around today and may see only the negative. They see a culture and a nation in decline, but that’s not who we are! America must regain its optimistic pioneering spirit again.

Her statement came out as President Obama headed for the first of two high-dollar Democratic fundraisers in Washington tonight.

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Top creditor nation China issues new demands to U.S. after downgrade

 -- Andrew Malcolm

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PhotoL Charles Krupa / Associated Press

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