A History Lesson Via Sarah Palin

The Associated Press (hardly full of socialism loving pinko journalists) fact-checks Sarah Palin’s new book and in doing so provides a nice history lesson:

PALIN: Says Ronald Reagan faced an even worse recession than the one that appears to be ending now, and “showed us how to get out of one. If you want real job growth, cut capital gains taxes and slay the death tax once and for all.”

THE FACTS: The estate tax, which some call the death tax, was not repealed under Reagan and capital gains taxes are lower now than when Reagan was president.

Economists overwhelmingly say the current recession is far worse. The recession Reagan faced lasted for 16 months; this one is in its 23rd month. The recession of the early 1980s did not have a financial meltdown. Unemployment peaked at 10.8 percent, worse than the October 2009 high of 10.2 percent, but the jobless rate is still expected to climb.

UPDATE: The piece ends with quite the zinger:

PALIN: “Was it ambition? I didn’t think so. Ambition drives; purpose beckons.” Throughout the book, Palin cites altruistic reasons for running for office, and for leaving early as Alaska governor.

THE FACTS: Few politicians own up to wanting high office for the power and prestige of it, and in this respect, Palin fits the conventional mold. But “Going Rogue” has all the characteristics of a pre-campaign manifesto, the requisite autobiography of the future candidate.