I suppose it is news of sorts, at least for the American public trying to decide on which candidate to vote for in the next presidential election.

From what I have read the movie was made and financed by Stephen K. Bannon who spent over 1 million dollars in making the film. Bannon is a former naval officer and banker for Golman Sachs.

Apparently the movie was made to repair Sarah Palin's damaged reputation (or at least what some might see as a damaged reputation). Sarah Palin approved the movie and apparently she narrates the film herself. The movie also seems to promote Sarah Palin as a presidential candidate for 2012. (Of course, she had said before that she would not run for the presidential election, but then politicians do that often enough).

The big question is not whether Sarah Palin's movie to empty theaters or full theaters. The big question is: Is Sarah Palin fit to be president? Right wing and religious rethoric will appeal to neoconservative voters. However, certain trends in international politics are bound to creep up on her if she is elected president.

Some 15 years ago econmists were estimating that China would become the largest economy in the world by 2020. If China's current economic growth rate continues, China's economy will overtake American economy as the largest in the world by 2015. When that happens serious question will be raised about the American government's ability to pay its debts. It is quite likely that China will "downgrade" American "bonds" (t-Bills) and begin dumping them on the market. That is a strategy that makes sense as a way to wear down an economic competitor. The US dollar will take a pounding in international markets and the American government will find it extremely difficult to acquire more debt to sustain its deficit. At the present Ben Bernanke (Chairman of the Federal Reserve) has said that the government must raise its debt limit or face default on its loans. By 2015 the situation will be untenable and if China decides to, they will cash out billions of dollars in t-Bills by dumping them on the open market.

This is the biggest threat that the United States has faced in its history. This is bigger than Al Qaeda, or the Cold War. Sadly, this is something that Americans did to themselves by consuming more than they produce and by letting their biggest companies manufacture cheaply overseas.

The Bush administration knew this and did nothing about it. The Obama administration knows this and is doing nothing about it. Can Sarah Palin tackle this threat and if so how? Traditional right wing politics (tax cuts and spending cuts combined) will do not solve the problem. Neither will religious rethoric. It will take massive scaling back in consumption and decisive moves to bring manufacturing back from China and into the United States. Whoever does this must go against the same corporations that have supported right wing political parties for decades. They will also have to increase taxes on the rich and the upper middle class to compensate for decreased ability to borrow. Spending cuts will be drastic and they will involve a massive scaling back in military spending (which remains the most expensive part of the American government). These moves will be unpopular with both political parties, but more so with the Republicans. Can Sarah Palin takes decisive moves like these or will she try to solve the problem with the same supply side economics (Reaganomics) that caused the problem in the first place? In fairness to Sarah Palin, at the present I see no politician in the US equipped to deal with this threat.