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Can Palin's $150,000 shopping spree boost the U.S. economy?

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The global stock markets have lost $29 trillion dollars in the last year, cutting the average stock in half. But that's no reason for despair. Alaska governor Sarah Palin is running for vice president and she does not need to use her own money to pay for her liberal, elitist, anti-American, terrorist, gotcha-journalism wardrobe makeover or to fly her children around with her on junkets.

For that, she is confidently charging the Republican National Committee and the taxpayers of Alaska. How so? The RNC paid $49,425 for shopping sprees at Saks Fifth Avenue in St. Louis and New York; $75,062 for her to shop at Neiman Marcus in Minneapolis; and $4,716 on Palin's hair and makeup through September.

That's not all though. Alaska paid $21,012 for personal junkets like hotel and commercial flights so her three daughters could join Palin to watch the first dude in a snowmobile race, and a trip to New York, where the Palin attended a five-hour conference and stayed with daughter Bristol for four nights in a luxury hotel.


American taxpayers have already footed the bill to give American International Group (NYSE: AIG) executives the luxury spa treatment. And if Palin becomes the next vice president, we can keep using taxpayer money to pay for the elites to enjoy their luxuries. If not, we'll still have those entertaining SNL clips.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He owns AIG securities.

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Last updated: November 24, 2009: 08:36 AM

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