September 25th, 2008
07:06 AM ET
13 years ago

Palin: Another Great Depression could happen

(CNN) - John McCain’s public position on the state of the nation’s economy has shifted since his early optimism of last week, as the Republican nominee maintains that the country faces its worst economic crisis since World War II.

In a rare television interview, Sarah Palin went a bit further: asked another Great Depression looms if a bailout plan is not approved quickly, Palin told CBS’s Katie Couric: "Unfortunately, that is the road that America may find itself on."

Watch: Is Palin avoiding the media?

McCain later told Couric that although he believes conditions are dire in the nation’s financial markets, he’s not sure "if exactly a depression" would happen. "I don't think we need to scare people, but I do think we need to tell people the truth," he said.

Palin pointed to John McCain’s warnings about the state of Fannie Mae and Freddie Mac two years ago. She could not point to other instances where he had pushed for stricter oversight. “But can you give me any other concrete examples? Because I know you've said Barack Obama is a lot of talk and no action. Can you give me any other examples in his 26 years of John McCain truly taking a stand on this?” asked Couric.

Palin replied. “I can give you examples of things that John McCain has done, that has shown his foresight, his pragmatism, and his leadership abilities. And that is what America needs today.” Pressed for more specific examples, Palin responded: “I'll try to find you some and I'll bring them to you.”

The interview took place before McCain’s campaign told CNN that the Arizona senator was looking to move the date of the first presidential debate to October 2 – currently slated as the day Palin would face off with Democratic VP nominee Joe Biden.


Filed under: Sarah Palin
soundoff (378 Responses)
  1. joey from nc

    how about go to the debates on friday and talk about this depression?

    September 25, 2008 10:10 am at 10:10 am |
  2. Barney

    McCain panicked big time – much like he did when he made propaganda films in Nam.

    I'm voting early for Obama and then my TV goes dead until the election. It's over for McCain to even redeem himself at this point.

    He's lied, stabbed Obama in the back at every turn, and used every devious method he could to deceive the public. Even put a subpoena-dodger on his ticket. NO MORE.

    September 25, 2008 10:10 am at 10:10 am |
  3. AJ

    ok – honestly – does anyone even believe that she knows what the Great Depression was in the first place?

    September 25, 2008 10:11 am at 10:11 am |
  4. DebM, Allentown, PA

    Really, I thought, according to McCain, the fundamentals of the economy are strong? He switches positions so often and so quickly that I'm surprised he doesn't have whiplash.

    September 25, 2008 10:11 am at 10:11 am |
  5. Lies Before Country = Anna Nicole Smith (Lie-a-day Palin) & E. Pierce Marshall (Inane McCain)

    Can this idiot even spell depression?

    September 25, 2008 10:11 am at 10:11 am |
  6. Accountant Guy

    If McBush wants to move the Presidential debate, that is fine. Move the VP debate to the 26th and move the Presidential debate to Oct. 2. PROBLEM SOLVED!!

    Obama/Biden '08

    September 25, 2008 10:12 am at 10:12 am |
  7. biasedlycorruptmedia

    Forget the economy! Come out and play Sarah!!

    Sarah.., Sarah.., come out and play with us. What!? Are you afraid of the big bad wolf??

    September 25, 2008 10:12 am at 10:12 am |
  8. John Y Des plaines, IL

    She certainly should know as she is an expert in economics. Not only can she see a bank from her window, she has actually held US currency in her own hand. I mean how much more experience could you ask for???

    September 25, 2008 10:13 am at 10:13 am |
  9. Shari, NY

    Mc Cain might be as sly as a fox but he cannot walk and chew at the same time or he might choke. Multi tasking is part of the president’s job, so here we have someone whose lack of fitness compounded by a rookie VP might just herald another depression.

    September 25, 2008 10:13 am at 10:13 am |
  10. RC

    Yes. If you and McCain (McWalker) get elected.

    September 25, 2008 10:13 am at 10:13 am |
  11. J.C.

    Our government has to explain to the people why 2nd great depression can happen in details, not just trust me on this one. People want facts and people no longer trust Wall Street.

    September 25, 2008 10:13 am at 10:13 am |
  12. VIRGINIAN 4 OBAMA

    I'm sure a depression is coming. It took the GOP long enough to stop lying to themselves and admit that we are currently in a recession.

    September 25, 2008 10:14 am at 10:14 am |
  13. Bulldog

    Palin couldn't even give any examples of John McCain's accomplishments in the 26 years. Wow. 26 years worth of being in the Senate and the VP nominee can't give even 1 example. Now that's change for you.

    September 25, 2008 10:14 am at 10:14 am |
  14. Mary Steins

    I'm terrified that this lady is a heartbeat away from possibly being the President. Simply terrified. When you have people like Don Imus trying to justify her lack of intelligence by saying "Could she be worse than the idiot we currently have?" It is a disgrace to this country.

    John McCain's Judgement in picking her is simply reckless!

    September 25, 2008 10:14 am at 10:14 am |
  15. Shari, NY

    McCain might be as sly as fox but he cannot walk and chew simultaneously. We are in for another depression with him.

    September 25, 2008 10:14 am at 10:14 am |
  16. Independent

    McCain,

    I guess you have just proved to the American people that Sarah Palin is not ready to step in for you when/if the time comes. What would happen if you were elected and were not available to speak to the American public. What would Sarah do? Would she run and hide to?

    why should the people vote for you if you can't take the pressure and Sarah is not ready to step in for you?

    September 25, 2008 10:15 am at 10:15 am |
  17. Linda from Prescott AZ

    I cannot believe that there is even a remote possibility that this country would put this woman a heart beat from the presidency. She cannot answer the most simple questions. "I'll try to find you some and bring them to you." Good Lord!

    People need to wake up and smell the roses, she and McCain are a disaster.
    McCain has been whining for months about all the town halls he wants to have with Senator Obama and now he wants to delay both the presidential and vp debates.
    What are the republicans hiding when it comes to Sarah Palin?

    Can anyone tell me?

    September 25, 2008 10:15 am at 10:15 am |
  18. Kevin Leo (Jonesboro, GA)

    The next Great Depression will occur if McCain/Palin win and something happens to McCain!Am I the only one who was left speechless once again watching another Palin interview? Taking party and gender totally out of the equation, how can anyone honestly say that this is the 2nd best person to run our country?!?!

    September 25, 2008 10:16 am at 10:16 am |
  19. Praetorian, Fort Myers

    With all due respect this has the merit of bull feces.

    Clearly–every American can see that the results of Government intervention, corporate wellfare, over spending, and lack of accountability to the taxpayers of this nation–are coming to a head.

    If we want a society built upon the merits of capitalism–risk, loss, profits are all part of the picture.

    A "New Deal" is just the same old remixed "old deal" and won't stem the bleeding we are having in our economy until businesses and citizens remember:

    Credit=collateral
    Savings=security

    Speculation=risk

    Bob Barr 2008
    The Libertarian party–will be on all 50 ballots. Want real change in Washington? Elect a president who won't jump to taxpayers as a first resort–but as a last resort.

    Bush, McCain, Obama–cut from same mold when it comes to taxpayer responsibility for government and commercial blunders.

    We need new leadership–realistic, accountable, serious about returning America to the "the people".

    September 25, 2008 10:16 am at 10:16 am |
  20. Tired of W, OH

    Nice inspirational comment, Palin. Are you trying to panic the people even more than they already are?

    On another topic,
    CNN, are you going to run the story about Kenyan Bishop Thomas Muthee praying over Palin to protect her from witches? I saw the video and it's scary to think that this woman may be Prez. The Bishop is totally nuts. He is known for literally running suspected witches out of town in Kenya. In the video, the Bishop was praying (actually chanting, like some cult worship) and Palin was totally into it.

    If the media can run with a story about Rev. Wright for months, Palin's voodoo Bishop is fair game. How many average hockey moms have attended ceremonies to protect them from witches?

    September 25, 2008 10:16 am at 10:16 am |
  21. Joe in NYC

    She is definitely a Beauty Pageant Queen. Right up to her answers. I almost feel sorry for her but she voluntarily wanted to do this. We cannot fool around this time people! The stakes are too high and our country might not survive this 'Imaginary' recession.
    Barack Obama and Joe Biden in 08!

    September 25, 2008 10:16 am at 10:16 am |
  22. I'll try to find you some and I''ll bring em to ya...!

    Try to find some in Alaska. The please put "country first" and recuse yourself from politics. Unqualified. Period.

    September 25, 2008 10:16 am at 10:16 am |
  23. KB from Phoenix, AZ

    After this interview it is no surprise that they want to delay the VP debates as well. Hmmm...ready to lead? They're not even ready to interview or debate!

    OBAMA all the way!

    September 25, 2008 10:16 am at 10:16 am |
  24. Bulldog

    Why can't McCain just go to Washington and Palin continue to campaign? What will Sarah Palin be doing over the next few days? Where is she? She can't do anything to help with this economic crisis. The state of Alaska's economy is just fine. So where is she? If she is ready and qualified to be VP then it should be no problem for her to campaign while McCain travels to Washington for a couple of days.

    Something smells here.

    September 25, 2008 10:16 am at 10:16 am |
  25. Doug R.

    ...but George Bush has been telling us all along (since 2002) there are no issues with the economy and it is strong and will be just fine. Unlike you Republicans and others, I never believed a word this man said. Now he's asking the taxpayers for $700,000,000,000.00 to bail out Wall St. And now McCain and Palin are trying to weasel out of the debates. Not only are they liars and hypocrites, they are cowards.

    September 25, 2008 10:16 am at 10:16 am |
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