Appearing on "On the Record" with Greta Van Susteren, the former Alaska governor said, "it was a tough speech to sit through and try to stomach."
She mocked the president's slogan of "Winning the Future."
She noted the initials are "WTF" and then observed there were "a lot of WTF moments through that speech."
For the uninitiated, "WTF" is what the kids often use in short-hand to signify, "What the…"
Vice President Joe Biden might observe such language is a "big blanking deal."
And for the record, Republican Newt Gingrich has written a book titled, "Winning the Future."
Palin went on to criticize the president for proposing more spending with not nearly enough spending cuts.
She offered there would be some easy cut by eliminating programs such as The National Endowment for the Arts and National Public Radio, which she referred to as "Fluffery."
Van Susteren pressed Palin on what she thought about the president's so-called "Sputnik Moment," where he essentially called on the country to meet the current challenges by investing in education and infrastructure.
The phrase, "Sputnik Moment," refers back to that time in history - 1957, when the Soviets shocked the world by launching the Sputnik satellite into space.
It was that shock that is often credited with causing the United States to redouble its efforts to get to space, and ultimately the moon.
Pressed on the idea of the "Sputnik Moment," Palin responded, "When [the president] so often repeated the Sputnik Moment that he would aspire Americans to celebrate. He needs to remember that what happened back then with the former communist USSR and their victory in that race to space, yeah, they won, but they also incurred so much debt at the time that it led to the inevitable collapse of the Soviet Union."
Her response left room for creative interpretation.
The Space Race, as it came to be known, is generally considered a race that the United States won.
It isn't clear whether Palin is suggesting that the Soviets won the overall race, or just the beginning with Sputnik.
And if the space race contributed to the collapse of the Soviet Union, as Palin says, wouldn't then the "Sputnik Moment" be a good thing.
Palin also confirmed reports that her daughter Bristol has been offered a job working on-air for an radio station, but said that she has yet to decide whether she will accept the offer.
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