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I just watched the video and read the transcript. First of all I would say the whole speech is a Keeping Her Options Open speech ... a campaign speech without a campaign ... at least so far without one.

Secondly the crony capitalism bit was a very small part of the speech, though she did refer to the term again towards the end. Mostly it was a very strong anti-Obama stump speech, and a very good one. If she does run this speech, and others like it, will play very well on the campaign trail.

Thirdly I believe that the crony capitalism actually had 2 purposes in the speech: 1) to describe her unique take on corruption and big government and how they work together and 2) to delineate herself from all the other Republicans in the race.

None of which answers your question, which I will take the liberty of rephrasing like this:

So what exactly is her unique take on corruption and big government and how they work together?

I think it breaks down like this: Government keeps increasing spending, keeps increasing taxes, and keeps its foot on the neck of the true entrepreneurs of this country and both parties do it and the reason they do it is because all the money and taxes and regulations give them power that they can use to dispense favors to big corporations and big financiers, favors that are repaid in campaign contributions and actual personal wealth.

I think there’s a lot to what she said, though I think she leaves out the driving force of Increasing Socialism which is much more on the Dem side than the Repub side and which, in Barak Obama at least, is a big, big motivator, maybe bigger than all the corruption, which I suspect is just icing on the cake to him.

And as far as what we can do about it, I think she was saying, between the lines, elect Sarah Palin for President.

I don’t know if that answers your question and I’m 10,000% sure I just p*ssed off at least a hundred posters in FR, but there it is, my very short take on what Palin said regarding crony capitalism.