September 25th, 2008
07:06 AM ET
14 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. VON BISMARK,Vienna.

    Fear mongering will not work this time around.

    September 25, 2008 10:56 am at 10:56 am |
  2. De Anna Aston

    I watched Sarah Palin in an unscripted few moments on CNN last night. She was fumbling for words and answers. It's suspicious that she is kept from the press. It's like she isn't allowed. What's to hide and why is this happening in a free country? I don't think she is up to the task of VP. As regards delaying debates – It's obvious with McCain trying to delay his debate and asking for the VP debate to be delayed, he nor Sarah are ready. Were they ever ready to be leaders of the US? If he thinks he will gain votes by diverting his attention to the bailout then he is counting on stupid voters. I don't think the voters are stupid and they can see right through this ploy. Enough with the Republican way of doing things behind closed doors. Let McCain and Palin take their knocks in a straight out debate.

    September 25, 2008 10:56 am at 10:56 am |
  3. Anna PA

    Everyone listen to Roger!! Roger is a very smart! Actually.....Roger you should replace Palin as vp nominee. You could help McCain get out of his slump. Very good point about Rome and Russia as well as a scary one.

    September 25, 2008 10:57 am at 10:57 am |
  4. Not This Time!

    I'm not panicking. The people with more than $100K in the bank aren't either; their the ones who have their money in the Bahamas, Bermuda, etc.
    My grandparents and parents survived the Great Depression, WWII and Korean War because they believed America could and would turn itself around!

    September 25, 2008 10:57 am at 10:57 am |
  5. Annie

    "McCain is Right," where have you been? Neither Obama nor McCain are on the committees hashing out this bailout. They're working out the final touches and now McCain rides in to save the day. Do you really believe that? Where was he 9 days before? Oh yeah, he was telling us the economy is strong! Good grief. This is run, duck, and hide politics, a political ploy, and people actually believe he's riding in on his white horse to save the day. Is there no hope for us?

    September 25, 2008 10:58 am at 10:58 am |
  6. Senators belong in DC

    Time to put petty politics aside.

    Stop trashing this woman.

    She is right and McCain took the correct course of action.

    NOW is not the time for Obama to shirk his job responsibilities for his CURRENT JOB just so he can campaign for his NEXT job.

    BOTH senators belong in Washington working on this problem- that is the job we are PAYING them to do.

    September 25, 2008 10:59 am at 10:59 am |
  7. Sally

    The Rep. Always threaten us, but this time, this would not work!

    September 25, 2008 10:59 am at 10:59 am |
  8. scott

    When will McCain and the republicans "unchain that pit bull"; she looks more like a chihuahua.

    September 25, 2008 10:59 am at 10:59 am |
  9. David

    Last I checked, the election is still going to be November 4. There is no delaying that, and the debates should be allowed to go on. The financial crisis was started by the GOP, so if McCain wants to go back and suffer with his party, let him.
    And for those who disagree with placing the majority of the blame on the GOP, let me point out this fact. The GOP was locked into congress and the Senate from 1994-2006. Even though the Dems are in control of the majority, the President is vetoing their bills like crazy. Thus, even from 2006-2008, the blame can still be placed on the GOP. Economic disasters don't happen overnight people!

    September 25, 2008 10:59 am at 10:59 am |
  10. Larry

    Bailouts and Golden Parachutes? It should be more like Bail Bonds and Orange Jumpsuits!!!!!

    September 25, 2008 11:00 am at 11:00 am |
  11. Ed

    Thank you Sarah Palin for that enlighted opinion, we could find ourselves there if the American people are stupid enough to elect you and McCain, so that you may continue everything our fearless leader Bush has started.

    September 25, 2008 11:00 am at 11:00 am |
  12. EBJ

    I think Gov Palin gave the type of answer that I would give on a national tv interview. Of course though I admit that I know very little about economics and am just the average American worker trying hard to make a living and support his family. So that being the case perhaps I also have the creds to be VP and maybe lead the country one day too!

    September 25, 2008 11:00 am at 11:00 am |
  13. roger

    She maybe a very attractive woman & I am not being sexists but she is for the McCain campaign being put on hold it is all political he is DC for photo ops....I feel certain this was just a way the GOP is using to try & put McBush ahead in the polls trying to get the independant vote the republicans are die hearts so they will actually believe that McBush is in DC to make things happen....GOSH I am proud to be a DEMOCRAT....

    September 25, 2008 11:00 am at 11:00 am |
  14. Anonymous

    palin you are the GREAT DEPRESSION!!! do you think sitting with a bunch of foreigners makes you any smarter, why not get before the AMERICAN PRESS, people are sick of hearing about your beauty pagent , America's falling apart and all you have to add is i'm a beauty queen, you are not a beauty inside, full of lies, and corrupsion, we don't want you to lead us ,go home.

    September 25, 2008 11:00 am at 11:00 am |
  15. Fools for Obama

    Both senators should do their job- the one they currently hold and are getting paid for- not the one they campaign to DO.

    Get to work. You are both senators.

    Shame on Obama.

    Good for McCain.

    And... sorry folks, Sarah is right- so you have no grounds to criticize her.

    September 25, 2008 11:00 am at 11:00 am |
  16. Stacy from Loudoun County, VA

    I am not going to lambast Sarah Palin anymore because at this point, it is useless. The key point in all of this is John McCain’s judgment. He selected a VP candidate this is just not prepared at all and did it just for political brownie points. He keeps her sequestered and unavailable at all times, controlling the smallest access to her.

    He said that the economy is fundamentally strong, then goes off angrily and says fire a bunch of people. In the meantime, he finds time to go on shows like the View and Rachael Ray while a crisis deepened. He violates the Republican Party’s platform and supports a bailout of Wall Street.

    Then, all of a sudden two days before the first debate, he said he is going to cancel the debate and suspend his campaign but has time to do interviews with Katie Couric and to do the Clinton Global Initiative? Herky jerky and razzle dazzle. This is not Presidential behavior, this is manic.

    I don’t question his experience, but I really question his mental stability and judgment.

    September 25, 2008 11:00 am at 11:00 am |
  17. The COSMOS and McCain ROCKS!!!

    »Sarah Palin=Beautiful,wonderful,very capable and very CLEVER.This lovely Lady is our next Vice-President. Of course.

    September 25, 2008 11:00 am at 11:00 am |
  18. Not This Time!

    Elaine & Tracy: I noticed his eye drooping too. And, without makeup, his color is awful. Get ready for President Palin and First Dude serving mooseburgers at the WH state dinners!

    September 25, 2008 11:01 am at 11:01 am |
  19. Robert Deming

    Once a person becomes a nominated for office they automatically know everything about everything. I bet if this woman was asked she could tell us how to get to Mars for $9.95.

    This bail out only puts money into someone's pocket. Think about it. If you have $700 bucks in your pocket and loose $1.00, will you miss it?

    These guys are pushing this issue to line their pockets before they are kicked out of office.

    September 25, 2008 11:01 am at 11:01 am |
  20. Brandon - Gahanna, Ohio

    lol, I find it amusing that John McLiar, and Daily Scandal Palin are talking about wanting to tell the truth. I think that's good. It'd be a first from them.

    September 25, 2008 11:01 am at 11:01 am |
  21. Independent-Latina-for-OBAMA




    WHERE IS THE FREE-PRESS?? WHY ARE HARD QUESTIONS NOT BEING ASKED?????????????????????????????????????????

    September 25, 2008 11:01 am at 11:01 am |
  22. RYAN kr Jr

    Sarah Palin what do you know about economy, you lied about energy supply to US 3% to 20%, Bridge and Road to nowhere-your cronies Bush/Cheney and McCain Mr Derelegulator mess it up, and they should fix it?

    September 25, 2008 11:01 am at 11:01 am |
  23. GINA, OHIO

    MCCAIN/PALIN TICKET "TO NOWHERE"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


    September 25, 2008 11:02 am at 11:02 am |
  24. Marie in California

    Palin is right. Unfortunately, that's the road we're on if we let this economic situation keep sliding downhill. A depression.

    McCain-Palin – 2008

    September 25, 2008 11:02 am at 11:02 am |
  25. The COSMOS and McCain ROCKS!!!

    »The Americans are NOT dumb. John McCain/Sarah "wonderful Lady" Palin will be the WINNERS. Of course.

    September 25, 2008 11:02 am at 11:02 am |
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