Sarah Palin said President Barack Obama lacks experience in the public and private sectors in discussing his role in ongoing debate over unions, collective bargaining and the recent protests in Wisconsin.

During an appearance on "America's Nightly Scoreboard" on Fox Business on Friday night, she said, "See because our president is so inexperienced in the private sector and in government and in actually running anything and making any kind of budget that inexperience has really made manifest in some of the statements he makes."

Palin went on to take issue with the president's handling of the economy and said he should be "engaging in free-market principles that work" such as reducing taxes. The Fox News contributor added, "His naive and destructive and terrifying anti-oil agenda is going to bring our nation to our knees and his agenda must be stopped."

At the end of the appearance, Palin was asked when she could be expected to reveal whether or not she plans to run for president in the next election cycle.

"I still think it's months away before people need to be lining up and making announcements as to what to do," she said. "In the meantime, I'm going to keep chiming in on the issues that are important in this day."

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