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. kathy

    I seen the parts of the interview...pahleeze! her answer on Davis was definitely scripted...and she repeated the same answer for the next question. It's easy to see why McCain wants to postpone the debates. The presidnetial debate needs to go ahead as planned...as does the vP debate. The republicans chose her, let them deal with it.

    September 25, 2008 10:17 am at 10:17 am |
  2. Enough of the Insanity

    Just what we need. The GOP telling us we are on the verge of another great depression, but not too long ago, telling us the economy was strong. And they want us to vote them in again? Just who do they think they are kidding? If the American people support this trillion dollar bailout and McCain gets in, there won't be any money for anything but war and paying down our debt or the dollar will be worthless.. Just what the GOP want, destroy anything good the Dems put into place. SS, Medicare, etc... Free markets without oversight or reasonable regulations don't work.

    September 25, 2008 10:17 am at 10:17 am |
  3. Carl from Dallas

    You may not vote for her, but she is right.

    We are very close to a long and horrible depression in this country.

    Are you debt free?

    Do you have cash on hand?

    September 25, 2008 10:17 am at 10:17 am |
  4. Annie

    Nice, Sarah. I see you're learning your lessons well. Republican talking point #1: When in doubt, spread fear. Take your pick depending on the circumstances, terrorism, Depression, whatever.

    September 25, 2008 10:18 am at 10:18 am |
  5. Bulldog

    By the way, who has the WORST attendance record of any senator or congressman in Washington over the last 2 years. John McCain, that's who. Now all of a sudden it is urgent that he attend? This whole thing is political and McCain is treating this whole thing like a game.

    September 25, 2008 10:18 am at 10:18 am |
  6. Brian

    After watching the interview between Palin and Katie Couric, I realized how pathetic the situation in the Republican Party really is. She has no clue. She is in over her head. We do not need her near the controls during this troubled time. Pathetic!

    September 25, 2008 10:18 am at 10:18 am |
  7. alvino

    While Palin's remarks are irresponsible, I am more amazed with John McCain's irrational, erratic, ill-thought out, shoot from the hip leadership style. Not only is McCain not ready to be president, I am not sure he has the common sense to be a Wal-Mart greeter.

    September 25, 2008 10:18 am at 10:18 am |
  8. Liz in Atlanta

    Sara Palin doesn't have a clue, does she?

    September 25, 2008 10:19 am at 10:19 am |
  9. 62 year old White Man in Ohio for OBAMA

    Palin is an Idiot.
    Thanks, BUT No Thanks
    _./'\._¸¸.•¤**¤•.¸.•¤**¤•..•¤. .
    *•. .•* *Obama/Biden o8!! Vote4 REAL Change!!
    /.•*•.\ •¤**¤•.,.•¤**¤•.,.•¤**¤

    September 25, 2008 10:19 am at 10:19 am |
  10. Anonymous

    I believe it is high time for Ms. Palinocchio to go back to her "Voodoo" priest, minister or wathever you want to call him and leave us in peace.

    The present situation (political, economic and international) is too serious to be distracted by nonsense politicians from the Alaskan "boondock".

    September 25, 2008 10:19 am at 10:19 am |
  11. Independent-Latina-for-OBAMA

    As I watched the governor's interview with Couric, I winced. The governor is not ready to be interviewed, NOR LEAD.

    I say 'governor' because she is! The governor was clearly inarticulate, uninformed.

    The governor, is not someone I want leading NOR representing my Country!

    The governor needs more education, needs to read, needs to be informed.

    McCain's shown us his poor judgement in choosing such an-air-head!

    September 25, 2008 10:19 am at 10:19 am |
  12. Sue

    Oh sure. I am going to take the 'expertise' of someone who is an expert on foreign policy because she can see Russia from her backyard. GIMME A BREAK! Not this time! NOT THIS TIME!

    September 25, 2008 10:19 am at 10:19 am |
  13. Charlene in Ohio for OBAMA

    _./'\._¸¸.•¤**¤•.¸.•¤**¤•..•¤. .
    *•. .•* *Obama/Biden o8!! Vote4 REAL Change!!
    /.•*•.\ •¤**¤•.,.•¤**¤•.,.•¤**¤

    September 25, 2008 10:19 am at 10:19 am |
  14. R.I.F.

    Why no tickers where we can comment on McCain's stupid move?

    September 25, 2008 10:19 am at 10:19 am |
  15. Tired of W, OH

    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.”

    Well, that about says it all, doesn't it? Kind of like McCain needing to check on how many houses he owns. If she has to go and find the examples, it's just an admission that she's only giving speeches and there are no examples.

    September 25, 2008 10:20 am at 10:20 am |
  16. C W

    Pressed for specific examples of McCain showing "foresight, pragmatism and leadership abilities" Palin responded, “I'll try to find you some and I'll bring them to you.”

    This woman is lame! And typical of the Republican machine – say a bunch of things with no evidence to back them up. No wonder she's afraid to debate Senator Biden – she'd make Dan Quayle look like a genius!

    Everybody knows John McCain has been against regulation his whole career. Unfortunately for America, his brand of "thinking" is one of the reasons why we're in such a financial mess right now!

    September 25, 2008 10:20 am at 10:20 am |
  17. No Thanks!

    They know Palin is not debate ready...so they are using the economic situation as an excuse to give her more time...they think this will work in their favor! But it shows that Obama is able to handle the pressures of the economy and still be ready to debate...

    And every time Palin says something strange, McSame comes behind her to clean it up...its like your two year old that does not know what is and is not appropriate to say, so the parent is always correcting and apologizing! Is this what America wants?

    September 25, 2008 10:20 am at 10:20 am |
  18. WOW

    This women is CLUELESS!!!! what a joke!

    September 25, 2008 10:20 am at 10:20 am |
  19. Rudy NYC

    The force is strong with this one.

    September 25, 2008 10:20 am at 10:20 am |
  20. Ian Minneapolis, MN

    I thought she was supposed to be the fiscal conservative, now she wants to give wallstreet $700 billion......And I don't want to hear anything from McCain and his camp, they've been contributing to this crisis for years, Rick Davis Recieves a 15K check from Freddie every month......what a load of garbage.

    September 25, 2008 10:20 am at 10:20 am |
  21. JD in NC

    Yay! McCain and Palin are catching up to what was common knowledge a week ago!

    September 25, 2008 10:20 am at 10:20 am |
  22. Watermann

    No more comments on this theatre and the actress.

    September 25, 2008 10:21 am at 10:21 am |
  23. Jon

    We will have no Great Depression as long as Obama can multi-task. As Senator, he has been unable or unwilling to vote on legislation whilst making wonderful and moving speeches around the country, but then he chastises McCain for not being able to multi-task???

    Both these guys need to let their advisors (all 300 of them) carry on the campaign while they go to D.C. and do the job that they're actually getting paid for.

    September 25, 2008 10:21 am at 10:21 am |
  24. katiec

    Why is Palin always in your headlines??
    And Mccain??
    CNN, it is time to start reporting with integrity and
    fairness.
    The American public is getting sick of your bias
    for Mccain and the republican party.

    September 25, 2008 10:21 am at 10:21 am |
  25. Ian Minneapolis, MN

    God Palin is an idiot. She isn't going to bring Katie crap

    September 25, 2008 10:22 am at 10:22 am |
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