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. NJ

    I completely back McCain up on his decision to delay the dabates until a solution is met. And I agree with Clinton that people need to be more responsible and become one not a seperate party and vote on the person not on his race, age or sex.

    I do believe bad times are ahead and preparing for the worst is the best we can do to prepare ourselves!

    Palin is straight forward and I appreciate that while McCain is not as aggressive.
    But I am sure Obama supporters will bash my's expected now and not right.

    September 25, 2008 10:29 am at 10:29 am |
  2. don dean FL.

    another expert,she can not even count the polar bears

    September 25, 2008 10:29 am at 10:29 am |
  3. Sophia, 23, FL

    NO DUH!!!!!!!!!

    September 25, 2008 10:29 am at 10:29 am |
  4. Sharon Richardson

    Look America is SARAH PALIN ready to led are Country!!!!!!!!!!

    September 25, 2008 10:29 am at 10:29 am |

    Both Obama and McCain are being paid as sitting senators.
    They BOTH need to stop campaigning and RETURN to do the job they are being paid to do.

    I don't understand why Americans are okay with both candidates putting their campaigns first.

    Their current job- the one we are currently PAYING them to do- is the MOST IMPORTANT PRIORITY NOW.

    September 25, 2008 10:30 am at 10:30 am |
  6. We love Sarah

    Hey CNN,

    Why are you covering up for John McCain?

    Why are all these discussions closed?

    Why are afraid to show how the people (voters) are so disappointed in McCain's selfish attempts the win an election at any means?!



    September 25, 2008 10:30 am at 10:30 am |
  7. Ruth

    When will Palin speak her own words and mind? Their campaign has made her into "Barbie doll"'s insane. Keep up your great questions on this, CNN and Campbell Morgan!

    September 25, 2008 10:30 am at 10:30 am |
  8. McCain's not worried-his "economic fundamentals" are sound!!!

    McCain is confused and Out Of Touch- how many gaffes will he make to prove the point? Now he says NO debate, how convenient. He has no need to postpone the debate, can't he focus on two things at once? As if his input is really going to matter. OOT! They're scared to put Palin on the debate stand, hopefully they'll have to at some point-without script fed questions and answers, let her articulate her responses without mantra or protective rhetoric. Can't wait!

    September 25, 2008 10:30 am at 10:30 am |
  9. no more Black eyes

    oh one other thing...does she know anything about the first Great Depression?

    September 25, 2008 10:31 am at 10:31 am |
  10. Slash

    "I'll try to find some"?

    She doesn't even have an example of ONE of McCain's economic accomplishments? His freakin' RUNNING MATE can't?

    I'm experiencing a bit of great depressing already.

    September 25, 2008 10:31 am at 10:31 am |
  11. Steve in Casper WY

    The economy was fundamentally sound 9 days ago. Now it is on the verge of another Great Depression. Wow. Try explaining that one at the debates. Oh, wait. You're no longer cooperating with the Commission on Presidential Debates. Are they investigating you, too?

    September 25, 2008 10:31 am at 10:31 am |

    WOW...."I'll try to find you some and I'll bring them to you".....and this is gonna be the person who might have to take over as President..

    Is this a joke or what....The choice of Sarah Palin for VP is like a circus act!!! I mean I just don't get it......DOES ANYBODY GET IT, SO YOU CAN EXPLAIN IT TO ME??? THANK YOU!!!

    September 25, 2008 10:31 am at 10:31 am |
  13. WI Cheesehead

    McCain or Obama never seat on “House Financial Services Committee” or “Senate Banking Committee” who happen to be negotiating with the WH. So going to DC just before the deal is made is nothing but a photo op that McCain so desperately needs.
    McCain has taken his hissy-fits to DC because we are not buying the story of “the dog eating his homework”. This is clearly a political stunt of grandstanding typical of Republicans. Who is McCain to threaten Congressional committees to rush though negotiations otherwise he won’t debate. McCain realized with the bailout plan hanging over this nation the debate on Friday was most likely to shift to the economy and he was nowhere ready for that butt whopping. As a matter of FACT McCain and Obama going to DC mid-stream of these negotiations are of no practical use and will just be a distraction. Once again “monkey wrench” McCain has thrown himself under the hood. McCain and Palin are like some irresponsible college kids, they’ve been partying in NYC and now they are begging for make up test by asking for debate postponement. McCain “Commander In Chief” 101. Be ready for many things to come at you from all direct at the same time.

    September 25, 2008 10:31 am at 10:31 am |
  14. Maggie from Virginia

    This is no longer funny. Please wake me from this nightmare! Palin isn't fooling anyone and I think McCain knows it.

    September 25, 2008 10:31 am at 10:31 am |
  15. Sophia, 23, FL



    September 25, 2008 10:31 am at 10:31 am |
  16. Elaine

    Palin is not qualified. McCain's debate cancellation will make people wonder even more. McCain needed to cancel the debate for reasons other than polls reasons. Have you seen his left eye lately? It is droopy like he had a stroke. Then he quickly hires a $5000 per day makeup artist. Curious. Any facial ticks, imperfections, etc. are compounded in high definition. Any one seeing this eye thing in high def would immediately question his ability to survive a full term. Then the question becomes the qualifications of Caribou "I can see Russia from my house" Barbie. I worked at a bank once, can I be Secretary of the Treasury now? McCain needed a few more days for the meds to kick in to help his eye thing hence this stunt to cancel the debate.

    September 25, 2008 10:32 am at 10:32 am |
  17. kathy

    Funny how McCain cancelled the Letterman show but had time for Katie Couric....i guess he felt he needed to be in on the interview so he could help get Palin's foot out of her mouth. The cancelling of the debates are absurd~ We...the VOTERS have been waiting for these independents we deserve to have the debates as scheduled...if McCain feels he's needed in DC then let Palin & Biden debate.

    September 25, 2008 10:32 am at 10:32 am |
  18. T GUY



    September 25, 2008 10:32 am at 10:32 am |
  19. Mimi Maurice, Toronto

    What in God's heaven is going on with these Mccain people? If you ask Palin about Mccain's specific accomplishment, the answer is I'll check and get back to you...if you ask Meg Stapleton about Palin's specific accomplishment...the answer is I'll check and get back to you...
    Do they think that the media has access to all the records...
    the truth of the matter is in his 26 years Sen. John S. Mccain did not do much economy wise...just be real Sarah give a simple answer and you said you belive in God...Go repent and ask the Lord to give the courage to tell the truth

    September 25, 2008 10:32 am at 10:32 am |
  20. will

    Sarah Palin has only spoken the truth about where she and John McCain wants to take this country, into a deep Depression. Sarah Palin herself has run the state of Alaska into a record Debt like Georgia W. Bush has done for the whole American country. So, that by itself tells you about what kind of executive experience she has, and this is not the kind of experience the American people need in the White House. Please read between the lines.

    McCain = no change


    September 25, 2008 10:32 am at 10:32 am |
  21. Tony

    If she and McCain win in November another DEPRESSION is a guarantee!

    Wake Up America!

    September 25, 2008 10:32 am at 10:32 am |
  22. claudia dick

    the more i hea sarah palin the more worried i get .she says one thing mcCain says one thing .i dont know butis it wise to have this woman in any office at all.

    September 25, 2008 10:32 am at 10:32 am |
  23. Truly American

    Don't you think this situation can be handled over the phone from florida???

    There is no need for anyone to show up. Things will take care of themselves.. That's how you multitask.

    September 25, 2008 10:33 am at 10:33 am |
  24. sue

    She says she can give examples but can't name any... she will "try to find you some".

    How about examples from the Keating 5? Or better yet, McCain's past of helping with deregulation of the banking industry that helped get the economy in this mess in the first place?

    September 25, 2008 10:33 am at 10:33 am |
  25. Ellie

    Okay... Miss "Pitt Bull" needs to just STOP talking. Every time she talks she makes a BIGGER PIG WITH LIPSTICK of herself.

    First, this whole meetings with foreign dignitaries was NOTHING but PHOTO-OP. Sarah Palin was NOT talking about foreign issues, because she's CLUELESS.

    These Dignitaries KNEW she's a "BIMBO" because they DON'T KNOW ANYTHING about Sarah Palin either. They are NOT about to discuss foreign issues with little Miss "Pitt Bull" knowing she's clueless.

    John McCain has proven that he's NOT SO CONFIDENT in his own VP pick. He's done NOTHING but kept a tight muzzle on her mouth and keeps a tight LEASH around her neck on where she goes, and who she speaks to. HA! HA! HA!

    I've never known a "pitt bull" to be trained like a CHUHAUHAU!!!


    September 25, 2008 10:33 am at 10:33 am |
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