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. Independent in Montana

    It wasn't early optimism, it was plain stupidity. The economy has been tanking for months and Sen. McCain with his numerous houses and cars is so out of touch with working America that he didn't notice.

    September 25, 2008 10:22 am at 10:22 am |
  2. RC

    I bet Bush is going to make a bigger mess than we have now before leaving. Kick the gas over, strike a match and watch that sucker burn.

    September 25, 2008 10:22 am at 10:22 am |
  3. Are you serious

    CNN, tell about all thE dumb answers she gave in that interview. About the lobbyist and her answer on "REFORM"

    September 25, 2008 10:22 am at 10:22 am |
  4. Purple Nurple

    Yeah, the last thing I need is any advice comming from this JOKE....I could of told you that last year Lady....where have you been....dogging the the press I guess and know your debate

    Speaking of the debates, I am mad as hell. Both the repukes are dogging the debates.... Do you freaking duty and DEBATE CHICKENS!!!!!

    Although I support Obama, he will fold and go to DC to help debate and John will use this againt us......

    September 25, 2008 10:22 am at 10:22 am |
  5. Mark, Ohio

    Is it just me, or do all her statements sound like not really coming from herself?

    September 25, 2008 10:22 am at 10:22 am |
  6. J from DC

    Campaign Hoax. In war there is much smoke. And that’s what the country is facing now. When the fog clears, will we still be blind to the McCain illusion? Bottom line, McCain is CAMPAINING by not campaigning, and he will use this campaign suspension (illusion) in upcoming campaign ads and speeches, along with photos of Palin at the UN.
    Bottom line, if you don’t have a substantive record to pull from, then manufacture headlines for future use, and hope people are foolish enough to fall for it. Then, while you’re at it, use Obama’s ideas as your own. Maybe, people won’t notice that you’re doing that either. The only people buying this one are the people rooting for him. His base. For the rest of us McCain is just plan incompetent.
    What stands between Politics and George Bush? McCain
    Creditable reporting like CNN gets labeled as Left by Fox News, who is totally Right. So why do people listen to Right winged bias media? Because creditable reporters start slanting there honest stories right to appear to be fair, when they already were fair. Making people think that they were being unfair. Don’t slant you stories and headlines right to appear you are fair. Defend your stories and headlines with the content of you report. And if anything, go ahead and start showing Fox as being slanted Right. Point the finger back at them. And you will get some of their viewer back.
    Can someone please show how this campaign suspension is a hoax, it is really and new campaign strategy. I mean really, you can’t run a commercial while you are in Washington. Why, because you need to be in all the stations to say I am J.M. and I approve the message. Get real!

    September 25, 2008 10:22 am at 10:22 am |
  7. Hockey Mom

    Oh you betcha, it could tootally hayapen! John McCain, who's known as "The Maverick", don'tcha know, his advisors tootally told me it could!

    I'll try to find some examples and bring 'em to ya!

    September 25, 2008 10:22 am at 10:22 am |
  8. Jeff Brown

    You are right Gidget... a great depression can happen if another republican stooge is elected!

    September 25, 2008 10:23 am at 10:23 am |
  9. Becky

    Since comments aren't open on the most important ticker of the day...

    The VP DEBATE MUST be held on OCTOBER 2nd!!!! I feel like going down to Washington and protesting. This is absurd. Many people are going to be voting by mail soon, and time is too sensitive for delay.

    I am disgusted. If the Presidential debate this Friday *must* be rescheduled (rolling eyes), DON'T RESCHEDULE IT SO THAT THE VP DEBATE MUST BE DELAYED AS WELL!!!!

    September 25, 2008 10:23 am at 10:23 am |
  10. McHoover Would Destroy What's Left of America

    The Republicans have lost what little credibility they had left.

    This economic issue may be as urgent as Bush/Cheney/McCain/Palin say, however no one believes them anymore.

    And the suggestion that we should let the fox lead the way to getting chickens back in the hen house is absurd.

    September 25, 2008 10:23 am at 10:23 am |
  11. JusLaugh

    Stop doing articles about Palin until she starts talking to the public and the press.

    This whole financial crisis thing reminds me of the orange terror alert in 2004 and the hurry up and vote on the Iraq war in 2002. I can't help but think that it's just a ploy for the republicans to keep their power through fear.

    September 25, 2008 10:23 am at 10:23 am |
  12. kim

    Who cares what Palin thinks. She's like the town idiot. sure she's popular and may even be a good person. But she is as dumb as a box of rocks. come on!

    September 25, 2008 10:23 am at 10:23 am |
  13. ANGIE

    WHAT A JOKE! mccain not ready to debate, palin is clearly not ready to debate or be vp mccain is using the economic problem politically so sara doesnt have to debate WAKE UP PEOPLE DONT LET MCCAIN TAKE YOU FOR FOOLS well i say MCCAIN YOU MADE YOUR BED LIE IN IT IF YOU CANT PROCEED AND YOU DEBATE WITH OBAMA AND SARA DEBATE WIT JOE THEN DROP OUT LET SOMEONE WHO CAN HANDLE IT TAKE OVER!!!!!!!!!!!

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

    Another Great Depression can and will happen if we let this woman anywhere near the White House. I'm beginning to understand why the McCain campaign won't let her speak to reporters.

    September 25, 2008 10:24 am at 10:24 am |
  15. jj in NYC

    I'm so not surprised that McCain now wants to "post-pone" the V.P. debate. Here is a clue phone, McCain-Palin, Presidents don't get time outs. We need a President that can multi-task and that is prepared to tackle economic problems and also debate the issues of concern to the American people. If you can't do both in September, you certainly aren't fit to lead this country and take on the responsiblity for four years. There are about 40 days until election, stop stalling. Get to work or get out of the way.

    I will take Obama over McSame any day of the week.

    September 25, 2008 10:24 am at 10:24 am |
  16. Phil, Ashburn, VA

    What a joke and shame. This woman is totally not qualified. "I'll brang them to ya" Educated people, is this what you want in a VP??????

    September 25, 2008 10:24 am at 10:24 am |
  17. clarence jonesville

    She has no idea who mccain was before she became his vp choice and still knows very little of him now and the same goes for him about her.If you notice when palin is asked somethings that she should no and she has no clue on an answer her eyes get to moving like thomas the train.The way things are going with palin-mccain campain something will happen before election day,since they are opposite of each other on certain issues,she might be replaced

    September 25, 2008 10:24 am at 10:24 am |
  18. Gidget Shot Bullwinkle

    Even after being hidden and protected for so long she still says idiotic comments.

    What a VP candidate FRAUD! She does intelligent independent Women that are TRUE leaders , injustice.

    Oneday a Woman will be VP and Pres. (012?) but not HER.
    We will have Hillary as Secretary of State in 08.

    Obama-Bidden 08

    September 25, 2008 10:24 am at 10:24 am |
  19. Terry

    Palin may suspend campaign!? What Campaign? Sarah Palin thinks she has entered another beauty contest? McCain has to control her comments. Her claim to fame is that she exposed the corrupt GOP of Alaska and killed the Bridge to Nowhere. If she gets too close to Washington, Sarah will find more corruption and the real Bridge to Nowhere. Now, she predicts another Great Depression! This is a loose canon.

    September 25, 2008 10:25 am at 10:25 am |
  20. Don

    Way to go moose girl. Scare us senseless just like Cheney & co.

    I'll go with Obama who says we will find a way forward.

    September 25, 2008 10:25 am at 10:25 am |
  21. winning side

    the reason why we are in the mess is because The Congress was NOT doing there job, of course the Media is not bring this out, Obama has taken 168.000 now who should be invetigated!! you got 350 Congressman who had there hands in the till for years, But the Media is only for Baby Boy Obama the Messiah people! Your Constanly going after McCain, Criticizeing everything He does, But you Have not Gone after Obama like you have Palin, Now this is a witch hunt for shore , you think the People are stupid when it come to the Media leaning to the Left, know we are not stupid!! We are being lied too by the Media and that is sad, you are doing more damage to the public, you are Satan tool of destruction, I dear you bring out this fact that some of the Democrats have taken Money off of these Companlys,

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

    Wayyyyy to insight panic in America, doesn't she know that if the US is paniced about the economy they vote Democrat...shes a lot dumber than i thought.

    September 25, 2008 10:25 am at 10:25 am |
  23. vp

    Now the Economist Palin is speaking

    She might even prescribe an anti-depresant medication

    September 25, 2008 10:25 am at 10:25 am |
  24. White Mother for Obama!!

    LOL and this woman is running VP for someone that said a week or two ago that the Economy is just fine!!!

    Now they both are scrambling and reversing their opinions of it, when all the while AS USUAL ... Obama is right on the Money long ahead of them!!!

    And as far as postponing the VP debate... HA.. that is funny and I figured it was next after McCain trying to weasel out of his debate. He doesnt want Palin anywhere near media for too long. To reveal his poor choice and her true colors!!

    September 25, 2008 10:26 am at 10:26 am |
  25. Barbara Whiting

    I saw this interview and thought Mrs. Palin was an amateur. She really did not know what she was talking about. Katie had this "Is this for real" look on her face. Has anyone compared this bailout crisis to the movie "Wag the Dog"? I think McCain had better do this debate on Friday, or WE the people will doubt he is ready to be our leader. Surely he realizes that we know he is not the one on the bailout committee. And, you know what? We don't believe President Bush either.

    September 25, 2008 10:26 am at 10:26 am |
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