(Credit: Cliff Owen/AP Photo)

Republican star Sarah Palin closed out the Conservative Political Action Conference today, taking on both President Obama and the GOP establishment in her speech to the conservative crowd.

Palin took aim at the president's foreign policy strategy, specifically how he has dealt with Russian President Vladimir Putin.

"How do you convey to Putin the threat that sounds like 'Vladimir don't mess around or you're going to feel my flexibility because I've got a phone and I've got a pen and I can dial really fast and poke you with my pen - pinkie promise,'" Palin said.

"I'm probably being too hard on the president. After all, who could've seen this coming?" Palin said, referring to her own warnings about Russia's intentions.

Talking about the president's handling of Iran's nuclear capability, Palin said, "Mr. President, the only thing that stops a bad guy with a nuke is a good guy with a nuke."

Palin criticized the president on issues ranging from Obamacare to the response to the attack on the U.S. consulate in Benghazi, Libya, to the IRS scandal. She also accused Democrats of "demeaning women" with their policies.

"Hey Democrats! It's your leaders who are demeaning women," Palin said. "Liberals seem to think the women of America are cheap dates."

But the former Alaskan governor didn't just lob critiques at President Obama. She also fired at lawmakers in her own party, calling members of the Republican establishment "GOP beltway boys."

"I do believe that the eyes of America are open. Unfortunately though, some would want you to hit the snooze button and roll back over. Like 'Hush America, go back to sleep little lambs,'" Palin said. "Some of these folks are in the GOP establishment."

Palin shared particular praise for Sen. Ted Cruz, R-Texas, whom she endorsed during the Texas Senate primary in 2012 over the establishment-backed candidate.

"Thank you, Texas because liberty needs a Congress on Cruz control," Palin said. "The awakening began, and Sen. Ted Cruz helped keep them awake. His filibuster, it worked in waking people up to the folly of a government takeover.

"He told his colleagues it was time, time to stand up, time to use the tools of the Constitution, the power of the purse and to fulfill their campaign promises and to stop Obamacare," she said. "But our army balked. We hoped that they were just reloading, but instead they retreated, and worse, worse, they joined the lapdogs in the lamestream to trash the foot soldiers who had fought for America."

Palin noted that Cruz read "Green Eggs and Ham" during his 21-hour filibuster, and she provided her own rendition of the children's classic, crediting "the Internet" for some of the lines.

"I do not like this Uncle Sam. I do not like his healthcare scam," Palin said. "I do not like these dirty crooks or how they lie and cook the books. I do not like when Congress stills. I do not like their crony deals. I do not like the spying man. I do not like 'Oh yes we can.' I do not like this spending spree. We're smart we know there's nothing free. I do not like reporters' smug replies when I complain about their lies. I do not like this kind of hope. And we won't take it, nope, nope, nope. Hat tip the Internet."

During Palin's speech, some in the crowd yelled, "Run, Sarah, Run!"

Palin, who only received 2 percent in the Washington Times-CPAC presidential straw poll, said to laughter, "I should, I didn't get to run this morning. I was so busy. Did some hot yoga and didn't get to run."