Sarah Palin didn't declare she was making a bid for the White House, but on Saturday she delivered a speech in Iowa where she stated her own plans to change America.

I want to tell you what my plan is, Palin said. My plan is a bonafide, pro-working-man's plan. My plan is about empowerment. It's about states, entrepeneurs, and mostly the empowerment of you. Yes, we need sudden and relentless reform and that will return power to we the people.

Palin said to offset the loss of government revenue she would eliminate corporate welfare - the loopholes and bailouts.

We need sudden and relentless reform, and that will return power to we, the people, Palin told the crowd of about 2,000.

Although 71 percent of Republicans in a recently done Fox News survey said Palin shouldn't run for president, She laughed off polls in general, saying, they're for strippers and cross-country skiers.

Here's Palin's proposed five steps to stimulate the economy and create jobs:

- Stop expanding an out-of-control and out-of-touch federal government. All power not specifically delegated to the federal government by the Constitution is reserved for the states, she said, paraphrasing the 10th Amendment.

- Reduce regulations on the private sector. Start by repealing Obamacare, President Barack Obama's health care reform law.

- Reduce the federal debt by prioritizing and cutting spending, canceling unused stimulus funds and enacting entitlement reforms.

- Grow the nation's energy production to stimulate the economy and increase national security. This would require an increase in domestic oil drilling.

- Make America the most attractive country in the world for businesses by eliminating all federal corporate income taxes. Balance the loss of revenue by eliminating corporate welfare, bailouts and tax loopholes.

Also watch the video of Palin's speech in Iowa below:

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