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. LS

    It's amazing to read bloggers opinions and to see how close-minded these people are.

    Seriously, you people actually think McCain pulling this stunt of cancelling the debate is for the interest of the people? Ignoring the American people is NOT putting out interest and concerns first.

    Obama IS right about addressing the people about the direction they are wanting to take this country – especially with the economic crisis.

    McCain IS wrong not to do the debate. It only shows that McCain doesn't care what we think and/or need to hear about what's going to be done in order for this country to take a different direction.

    It has been obvious, from the very beginning, McCain doesn't know what the heck he is doing or is saying. McCain is too old to be running for president – he just doesn't have what it takes to make crucial decisions.

    September 25, 2008 11:07 am at 11:07 am |
  2. Trent

    They aren't even on the committees that are negotiating this deal....what work exactly are either of them going to get done. Obama has been in touch with Paulson and Frank and Dodd. Thats all he can do.

    THIS IS A SCAM. I am no longer voting for McCain!!

    September 25, 2008 11:07 am at 11:07 am |
  3. Tom

    Neither McCain nor Obama are the president. Sure, include them in the discussion, but no need to stop the campaigns or postpone the debate!

    September 25, 2008 11:07 am at 11:07 am |
  4. et from Washington State

    OMG we should all be very afraid our very future is in the hands of idiots...

    September 25, 2008 11:07 am at 11:07 am |
  5. tim

    What a joke....she has no clue and when she says that she is going to "get back when she finds out information", that says that she is not ready to lead at all.

    Very scripted, very strange the way she is thrown in and out of the spotlight. When you say the SAME things every time you come out and speak, people are going to start thinking you are boring!

    I find it disgusting and sad that people are talking about her looks more than her abilities. Could America be THAT SAD that be vote based on looks. I think so.

    McCain is such a swell guy.... good distraction from his idiotic past two weeks. He will keep reaffirming that this decision is based on him being needed in Washington rather than trying to stop the slippery slide in the polls.

    Letterman had every right to be mad last night. To find out on air that McCain lied to you and is sitting a few buildings down is terrible. Every right to be mad!

    I loved watching the Today show and they got both communciation directors on and talked about why he cancelled on Letterman. What's her face, the annoying one for McCain, was bitter and tried to justify not coming by saying that it wasn't a good time for comedy. Hello!!!!! This mess has been going on for the past 8 years! Wake up!

    I love the fact that she needed to get all flustered and her feathers all ruffled up on a simple question.

    She is about the most annoying person I have ever come across.

    September 25, 2008 11:08 am at 11:08 am |
  6. McCain is running scared

    Look we all know the economy is a mess.. why has it taken Bush so long to move his butt on this. McCain going to Washinton to attend meetings he is NOt welcome to won't do it. He is a chicken and doesn't want to answer the hard questions of the debate. I pray Obama shows up and has a great hall meeting so everyone can see how committed he is to his run for President. 3 hours in Mississippi will not make a hill of beans difference to the bail out.. stand strong Obama don't let this old codger sway you.Stand firm..Friday night is debate night!

    September 25, 2008 11:08 am at 11:08 am |
  7. Independent for Obama

    Time to break out the Prozac

    September 25, 2008 11:08 am at 11:08 am |
  8. jimmy


    September 25, 2008 11:08 am at 11:08 am |
  9. Elizabeth from York, PA

    How can it be that the republicans actually found two people more clueless than George Bush?

    It's simply amazing. And even more amazing is the fact that people will vote for these two clowns. Unbelievable.

    September 25, 2008 11:09 am at 11:09 am |
  10. Jorge

    What is all this chatter about teleprompters? They have been around since the 50s. All major candidates, as well as other public speakers, use them. Once in a while they malfunction, just like any device.
    McCain can't even conduct a town hall meeting without note cards. How is he going to get through a debate where he has to rely on his own memory? Oh, that's right. He's going to dodge the debates so he won't have to.

    September 25, 2008 11:09 am at 11:09 am |
  11. demwit

    Errrrrr...., we have a 10T debt. Who here DOESN'T believe this country is headed into a financial melt down!? Regardless of who is elected in November!!??

    September 25, 2008 11:09 am at 11:09 am |
  12. vince

    InSain McCain should be ashamed of himself to pick a woman who is not ready yet? Why did,nt he pick Condolesa Rice? Sarah is a wonderful person but is out of her league and it makes her look unprepared. This shows he will do anything to get elected. Just to have his picture beside the founding fathers. I would not want to see his picture next to George Washington.

    September 25, 2008 11:09 am at 11:09 am |
  13. Jack Jodell, Minneapolis, MN

    Say, little girl, you shouldn't comment on things you know absolutely nothing about. And you shouldn't run for an office you know nothing about, either!

    September 25, 2008 11:10 am at 11:10 am |
  14. norb

    The Great Depression for Palin was when they took her tanning bed out her executive office.

    September 25, 2008 11:10 am at 11:10 am |
  15. Matt

    What's this nonsense with applauding her for parroting what she was told to say? It's true that the sky is blue. Would I applaud her for recognizing that if she needed to be told, like she does in this interview? I mean, she admits as much herself in the interview. Would I applaud her for recognizing the sky is blue if she learned it from the fervent news coverage on that very subject that is all over the tv, papers and common knowledge at this point? Smoke and mirrors people. The interview failed to provide any substantive insight into her qualifications and fitness for the job as VP.

    September 25, 2008 11:10 am at 11:10 am |
  16. FL4OB

    The McCain campaign goes from the fundamentals of the economy are somehow strong last week to talks of another Great Depression this week. That exudes poor judgment and lack of confidence on McCain/Palin's part.

    Thanks, but no thanks

    September 25, 2008 11:10 am at 11:10 am |
  17. Praetorian, Fort Myers

    You people are fools.

    Don't you see that both candidates–are totally sold to the falacy that the government can really manage the economy.

    It's like a man trying to plug holes in a rusty sinking boat with bubble gum. Eventually you run out of bubble gum..

    Well, the federal government ran out of bubble gum. They expended all of the resources and authority the taxpayers had allowed them to have to stem the leaks–and still the economy is leaking like a rusty boat. Now they all want to get greater resources and greater authority to stem the leaks.


    Why not just let the boat sink–and build a new one without leaks?

    September 25, 2008 11:10 am at 11:10 am |
  18. haas

    Ah Charlotte, there you are. I've been waiting for you to pop your head up. You pretended to be a Hillary supporter in the primaries and now you're on McCain's bandwagon. Come on, admit it. You were a Rep all along. Why did you pretend to support Hillary?
    You're worse than Palin. At least she's just following orders when she lies. You? You lie like a rug, Charlotte!

    September 25, 2008 11:11 am at 11:11 am |
  19. Rena

    To NJ – I want bash you but you sound like you need attention. So I send my love to you; because obviously you are a blinded person who can't see that McCain and Palin are taking the people America for another cash flow ride.

    September 25, 2008 11:11 am at 11:11 am |
  20. Steve - Atlanta GA

    The only depression this woman can speak intelligently about is her own....

    September 25, 2008 11:12 am at 11:12 am |
  21. Redbug-OH for OBAMA


    OBAMA/BIDEN 08,12

    September 25, 2008 11:12 am at 11:12 am |
  22. RealityKing

    America needs a depression. An free spending, debt building attitude adjustment..

    September 25, 2008 11:12 am at 11:12 am |
  23. kescia

    Neither McCain nor Obama sit on commitees where there presence is required or even ALLOWED! Luckily Bush invited McCain and Obama to the White House, otherwise McCain would be in Washington with nothing to do, but pose for photo ops. More than ever, the American people need to hear from the men who would be President. We've waited too long already!
    Obama has, once again, shown true leadership in calling on McCain to issue a joint statement. It reminds me of when he initiated a joint commemoration of 911. Poor McCain, always playing catch up.

    September 25, 2008 11:13 am at 11:13 am |
  24. Jorge

    Mississippi has been a red state up until now. If McCain tortedoes the Oxford debate it will have bad economic consequences for that state, which just might turn blue as a result. I wonder if Gov. Haley Barbour has weighed in on McCain's latest stunt.

    September 25, 2008 11:13 am at 11:13 am |
  25. Penny

    the "that's what they are getting paid to do", be senators, do your job line doesn't hold true here. We are talking about 2 (3 with Biden) senators out of how many? 100? And Obama and McCain have to go back to solve this?
    Most people are unaware that majority of proceedings, meetings, etc. are attended by very competent staffers who keep the reps and senators informed. Obama, and McCain, have people there, are in contact with leaders and key players. It is a political STUNT to put the campaign on pause to go back – mid week – and fix everything. It is almost done according to many accounts.
    I want to see the debates.

    September 25, 2008 11:13 am at 11:13 am |
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