President Obama's new slogan is "Winning the Future."

To Sarah Palin, it's "WTF."

Palin used the acronym at least three times last night in discussing Obama's State of the Union speech on Fox News. WTF is also a phone text-driven phrase used to avoid spelling out the f word; it stands for "what the (blank)."

"There were a lot of WTF moments through that speech," the 2008 Republican vice presidential candidate told Fox's Greta Van Susteren.

Palin used the phrase in reference to Obama's discussion of the federal debt, and his claim that the U.S. faces a "Sputnik moment" when it comes to technology and innovation challenges from other countries.

Palin also discussed fellow Tea Party favorite Rep. Michele Bachmann, which you can read about on our OnPolitics blog.

Obama used variations of "Winning the Future" several times throughout his speech. At one point, he said: "If we want to win the future -- if we want innovation to produce jobs in America and not overseas -- then we also have to win the race to educate our kids."

The president, by the way, isn't the first politician to use the phrase "Winning the Future."

Palin's fellow Republican Newt Gingrich entitled one of his books Winning The Future: A 21st Century Contract With America.

Palin also said that rather that Sputnik, the nation should declare "a spudnut moment," referring to the name of a Washington state coffee shop: "A family-owned business not looking for government to bail them out and to make their decisions for them. It's just hard-working, patriotic Americans in this shop."

Here are some of Palin's WTF comments:

His theme last night in the State of the Union was the "WTF," you know, "Winning the Future." And I thought, "OK, that acronym, spot on." There were a lot of "WTF" moments throughout that speech, namely, when he made the statement, Greta, that he believed that we can't allow ourselves to, I guess, eventually become buried under a mountain of debt. That right there tells you he is so disconnected from reality! The problem is, we are buried under a mountain of debt, and jobs cannot be created by the private sector. We cannot grow and thrive and prosper as a nation when we are buried under this $14 trillion debt.

And, later: