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Our First Socialist VP: Baked Alaska Please

By Jonathan Simor

Philip Gourevitch's fascinating Letter from Alaska: The State of Sarah Palin, The peculiar political landscape of the Vice-Presidential hopeful, in the latest issue of the New Yorker, raises a little noted feature of Sarah Palin's experience as governor. The largest source of wealth in Alaska is its massive energy reserves (mostly oil and gas). Unlike most commodity based economies however, Alaska owns these resources for the benefit of all the people of Alaska. Alaskan's of sufficient residency in the state receive an annual cash benefit from the state's energy development. Indeed it was her success at negotiating a larger revenue stream for some of the development, resulting in larger annual checks, that has lifted Sarah Palin to very high approval ratings...continue to full post

Full post as published by Governing Through Crime on September 19, 2008 (boomark / email).