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. This bears repeating

    Thanks Debbie:

    I know must of the folks who hang out on the CNN political ticker are political junkies (paid or otherwise) but I would truly like to see the circus of the presdential campaign stop for a few days while our elected leaders deal with the financial and economic issues.
    We can go back to playing gotcha politics on Monday, if/when it has been dealt with. I know many Obama supporters feel the suspension of his campaign was a media stunt, and I'm certainly no McCain mind reader, but I DO know – that it is a healthy step. People can't really expect something meaningful to come out of D.C. while this circus continues.

    September 25, 2008 11:02 am at 11:02 am |
  2. Elizabeth - TEXAS

    What is happening in the USA? McCain should have vetted Palin. She is NOT ready to run anything. She is being hidden and this is a sick game McCain is playing with the American People.

    People open your eyes. Do you honestly think either McCain or Palin can run the country?

    The answer is NO.

    September 25, 2008 11:02 am at 11:02 am |
  3. Anthony in Ohio

    It is obvious that Karl Rove is running this campaign as well as the White House they continue to use the politics of fear and extortion to manipulate people to get what they want. Their latest trick of wanting to postpone the debate is merely an attempt to get Palin off the hook in the VP debate. The media says they should have pressed the administration harder before we went to war in Iraq. Why then do we take anything at face value from this administration regarding the economic conditions? Will someone go old school and do some digging and start calling BS BS?

    September 25, 2008 11:03 am at 11:03 am |
  4. Jill American

    Bush says that our country is in great danger ... yes, it is and has been since he took office. He has taken this country exactly where he wanted to.

    September 25, 2008 11:03 am at 11:03 am |
  5. Vincent, Great Lakes, IL

    Palin told CBS’s Katie Couric: "Unfortunately, that is the road that America may find itself on."
    _________________

    I can't help myself,

    Sarah, you should know because you ARE an expert on "roads"...

    September 25, 2008 11:03 am at 11:03 am |
  6. mitchell

    mccain/palin = greatestest depression ever

    September 25, 2008 11:03 am at 11:03 am |
  7. The COSMOS and McCain ROCKS!!!

    »Sarah Palin=I LOVE YOU! Sarah Palin is so interesting,so beautiful,so wonderful...so clever...Aaah!

    September 25, 2008 11:03 am at 11:03 am |
  8. Kevin

    Palin doesn't even know who her running mate is, let alone anything worthwhile about theory and policy.

    September 25, 2008 11:03 am at 11:03 am |
  9. Jeremy - Columbus, OH

    Your absolutely right Palin! That is if you and your crazy partner McCain get elected and create the same financial mess this administration has. Stop hiding from the media and start answering questions. Your more like a Chicken with Lipstick rather than a pitbull.

    September 25, 2008 11:04 am at 11:04 am |
  10. Jude

    It you and McCain get elected...it will happen...not could..will

    September 25, 2008 11:04 am at 11:04 am |
  11. Debby

    I don't care if the debates are postponed they will just be bickering back and forth and pointing fingers until they can come up with a solution to the bailout. This won't be a debate it will be a sideshow. I saw the interview with Couric. I can't blame Palin for not doing them they ask her the same questions 2 or 3 times in a row to trip her up. I remember when John King said Bill Clinton never talked to the media so when he stopped everyone was there with their mic's. to listen.

    September 25, 2008 11:04 am at 11:04 am |
  12. Jill American

    Bush says that our country is in great danger ... yes, it is and has been since he took office. He has taken this country exactly where he wanted to. Palin anywhere near the White House will finish the job.

    September 25, 2008 11:04 am at 11:04 am |
  13. Palin is a puppet

    Ha Ha..Thanks for the update Sarah..Can Moose hunting save America's financial meltdown and restore my 401K ? Looking forward to hearing you speak to the press for once !!

    September 25, 2008 11:04 am at 11:04 am |
  14. How can I get some of that amazingly-good liberal PR??

    Dismantle Fannie.

    Dismantle Freddie.

    Repeal the Community Reinvestment Act.

    Remove liberal government from the market and return sound lending policies to the banking industry.

    September 25, 2008 11:05 am at 11:05 am |
  15. Independent Dave, Iowa

    Here's some Independent bias. Palin is a trophy candidate, a cheerleader, a prom queen, a sideshow, a _____! One thing she certainly is not and thats qualified to be on the ticket of a major political organization for POTUS. If you think she is let her debate Obama on Friday night!

    September 25, 2008 11:05 am at 11:05 am |
  16. Rob Johnson

    This economic crisis is important, but so is a Presidential debate. Like many others, I refuse to believe that the sky will fall if McCain and Obama take 90 minutes out of their schedule to debate tomorrow night.

    Does anyone really believe that the economy will collapse completely unless McCain and Obama are physically in Washington between the hours of 9 PM and 10:30 PM tomorrow night?

    Besides, it's not like McCain is a respected economic expert. He himself said earlier this year that economics is not his strong suit, and just last week he said the fundamentals of the economy are strong.

    He is a laughingstock on this subject right now, and I don't see anybody looking to him for answers. I can't see how even the biggest McCain supporter could think that he is going to play a major role in resolving this crisis.

    In the spirit of bipartisan fairness, Obama probably won't either.

    September 25, 2008 11:05 am at 11:05 am |
  17. SAB

    When you listen to Sarah Palin you can see why it took her so long to finish college. She is simply not qualified to be VP. Just look at the credentials of the candidates on both tickets and that should tell you something. By the way McCain was not prepared for Friday's debate.

    September 25, 2008 11:05 am at 11:05 am |
  18. no more Black eyes

    “I'll try to find you some and I'll bring them to you.”-Palin. i would laugh if it weren't so scary

    guys i know and i feel for you, believe me, i really feel for you…it is getting harder and harder for you to even pretend to defend Palin and McCain, so all you can do is try to drag Obama down. the only problem is, the lies about Obama still pail in comparison to the truth about McCain/Palin…at some point you will realize that country first is to vote for Obama/Biden. but really, for now my heart goes out to you
    @Elaine, i noticed his eye to...did he have a stroke?

    September 25, 2008 11:05 am at 11:05 am |
  19. Scott Tucson

    If you want to know about the Great Depression, just ask Obama's running mate Ol Joe, he must have been around then. The dems have been in charge of the banking and financial oversight commitees and look what they have done for the nation...zipped!

    September 25, 2008 11:05 am at 11:05 am |
  20. IBMMuseum

    Ok, here's a thought: Instead of cancelling the Presidential candidates' debate and moving them to replace the first Vice Presidential candidates' debate, let's move up the VP debates to Friday. They apparently aren't needed in Washington as much as the Presidential candidates. Affirmative Action beneficiary Sarah Palin says "I'm ready".

    If McCain's campaign is "suspended", how come the ads are continuing to be played? When Obama goes to the White House today, he needs to take Michelle and a measuring tape. With the circus the Republicans are running, it's going to be his anyway.

    September 25, 2008 11:05 am at 11:05 am |
  21. Kelly, IL

    McCain/Palin supporters please explain why everytime this woman is asked a question she never answers it or has to "check with someone else and get back"? What in the samhill kind of way is that for a V.P. to respond? And the sad part about it is I'm sure she gets the questions ahead of time and she still isn't prepared – if this were my candidate I would really question what is going on, Please McCain/Palin supporters wake up and smell the coffee, these times that we're in right now call for serious people to do serious work and restore the faith of the American people – Vote Obama/Biden 08'

    September 25, 2008 11:05 am at 11:05 am |
  22. j

    Yes, thanks to the GOP, another Great Depression could happen. This latest financial crisis is exactly the reason government needs to act as a regulatory body – to prevent or minimize this type of thing from happening. This crisis belongs squarely in the hands of those that deregulated or didn't provide for adequate oversight or regulations in the first place. The Dems are far from perfect but I'd rather have them in charge. The GOP just makes a complete mess of things.

    September 25, 2008 11:05 am at 11:05 am |
  23. M. Winners

    What does Palin know – she's a small time pentacostal poll from a state that has fewer people than most cityies in the US.
    Economy? Not a problem in Alsaska – each person gets sent a check each year from oil revenues and the the same oil companies give the state millions. No wonder they love Palin!
    WAKE UP AMERICA – McCain/Palin are frauds!

    September 25, 2008 11:05 am at 11:05 am |
  24. wall street = washington

    COULD WOULD SHOULD.

    THANKS FOR YOUR SAGE WISDOM, SARAH.

    September 25, 2008 11:06 am at 11:06 am |
  25. dave g, minneapolis

    @ debbie joyner,

    I would mostly agree that they need to get back to work. But, this "crisis" didn't just pop up. Why in the 11th hour do we think they'll find a solution–or should? Rushing to fix something with little understanding usually makes the problem worse.

    Obama and McCain have been ignoring their real jobs as Senators for a year now and rushing back to fix things will probably do little, other than make our lives worse.

    September 25, 2008 11:06 am at 11:06 am |
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