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. smith

    I'm surpised she was in school that day and read about the 'Great Depression' or did someone prep her for that comment. She is LAUGHABLE! It would be funny if it wasn't so serious.

    September 25, 2008 10:33 am at 10:33 am |
  2. Micheal shoemac

    People they are trying to strike fear into you all,

    Obame is the best choice 4 this country

    Obama 08

    September 25, 2008 10:33 am at 10:33 am |
  3. Jason in San Diego

    "Palin pointed to John McCain’s warnings about the state of Fannie Mae and Freddie Mac two years ago. " So Palin, what was last week's comment ("Fundamentals of our economy are still strong") about?

    "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." Again, just last week, you were optimistic about this issue. How, within a week's time, can you switch your stance like this? It begs the question, "Have you been paying attention?"

    September 25, 2008 10:33 am at 10:33 am |
  4. Rightsaid

    Swap the debats.
    Let's see Palin and Biden debate on Friday.

    What are the Republicans afraid of?

    September 25, 2008 10:33 am at 10:33 am |
  5. Becky

    SARAH PALIN IS A JOKE!!!

    Everyone is asking: "If McCain and Obama don't have a debate this Friday, why don't we replace Friday night with the VP DEBATE with Sarah Palin and Joe Biden?!?" You'd think that'd be a no-brainer!!!

    September 25, 2008 10:33 am at 10:33 am |
  6. Nurse Ratchet

    Support John McCain if you're ready for the sequel, The Great Depression II.

    September 25, 2008 10:33 am at 10:33 am |
  7. McCain is right

    McCain is taking the correct posotion.

    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. Why should they shirk their responsibility NOW and still think they are qualified to be president in 40 days?

    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 10:33 am at 10:33 am |
  8. kg

    SP needs to study up on history so that she would know that it was much more than a stock market failure that caused the problems of the great depression. I guess they didn't teach that at any of her colleges as she received her communications degree.

    September 25, 2008 10:34 am at 10:34 am |
  9. CW in PSL

    When did these geniuses figure all this out! Was it the day that McCain said the fundamentals of the economy was very strong, was it the day he wanted Cox fired, was it the day he say Obama was resp. for the WHOLE economic mess, was it the day he saw his poll numbers drop, or was the day that Palin met with world leaders and realised she was waaaaay out of her league so they came up with a plan to stall her debate with Biden so she could "study up" some more....so let's put our campaign on hold so we can deal with the economic crisis....that McCain didn't understand a week ago when he said there was noooo problem with the economy! McCain no matter what tricks you try between now and Nov. 4.....YOU STILL WILL LOSE THIS ELECTION. GOD don't like ugly!

    September 25, 2008 10:34 am at 10:34 am |
  10. Charlotte

    Obama is all talk and no action. No record to challenge? He makes great speeches, (with a teleprompter) and not much else. I so wanted to vote for a Democrat this election, I thought we can't lose. Now we are in a tie, when it should have been a given? I may still write Hillary on my ballot, if not, I vote for McCain. I think Obama is in over his head. The Peter Principal, at its highest. "I did not vote for the war in Iraq," isn't going to cut it. Both he and McCain have missed more votes then any Senators. Where is Obamas' record? At least with McCain, we have something to look at. The most important debate is on the Senate floor, right now; today.

    September 25, 2008 10:34 am at 10:34 am |
  11. Charlotte

    Obama is all talk and no action. No record to challenge? He makes great speeches, (with a teleprompter) and not much else. I so wanted to vote for a Democrat this election, I thought we can't lose. Now we are in a tie, when it should have been a given? I may still write Hillary on my ballot, if not, I vote for McCain. I think Obama is in over his head. The Peter Principal, at its highest. "I did not vote for the war in Iraq," isn't going to cut it. Both he and McCain have missed more votes then any Senators. Where is Obamas' record? At least with McCain, we have something to look at. The most important debate is on the Senate floor, right now; today.

    September 25, 2008 10:34 am at 10:34 am |
  12. Roger

    Would you attack Russia under this circumstance? Remember – from the Roman Empire to USSR – the downfall of great nations starts with excessive war and weak economy.

    September 25, 2008 10:35 am at 10:35 am |
  13. Brennan, Seattle WA

    This is why John McCain wants to push off the VP debate. No way does McCain want Sarah Palin on a stage debating Joe Biden. This is the most unprepared VP candidate in history. Dan Quayle was bad, but Mrs. Palin is horrendous.

    Not a gender based statement, just an opinion after listening to her.(Unfortunate that I have to make this clarification, but the McCain camp has used Palin's gender to try to explain why people are questioning her qualifications. It couldn't be that she isn't qualified, it must be because she is a women.)

    September 25, 2008 10:35 am at 10:35 am |
  14. Ron from Baltimore

    Either McCain can send Palin in his place to DC, or in his place to the debate tomorrow. She MUST be getting sick and tired of being dismissed, at every public opportunity, as a brat that has to be chained and muzzled.

    Let's let her discuss her ideas now, rather than later, at least her overall views at some level of abstraction or detail, wherever she's more comfortable at this point. Why are they playing such games with her and on the American people? Let's let the debates go on, and let's let people state their positions, pending release of more economic data.

    Many, many people are wary of another depression, whether it's a politically savvy thing to acknowledge or not. McCain hasn't been saying or doing so many bright things at all these days. He cannot keep up the pace, as many suspected would be the case. Don't do our country in out of vain pride, John. Sarah, have your say.

    September 25, 2008 10:35 am at 10:35 am |
  15. D. C,

    She is the Great Republican hood ornament who blows into the wind and speaks only the words she is told. What a disgrace to the women in the country. She only talks when the men tell her.
    Certainly this woman can be unleashed now- she had made it thus far without the Mc Cain brains. She will make mistakes- don't we all.
    They need to spend more time on Senator Mc Cain and truth now rather than Gov. Palin. The Letterman lie was rather interesting.
    Loose her and let her go.
    Fergerson said she went through Foreign Affairs Speed Date Meetings.

    September 25, 2008 10:35 am at 10:35 am |
  16. John

    Palin is an amateur to the facts, McCain has run on moving federal government away from regulation, I don't remember McCain introducing any official concern over the practices of Fannie, and Freddie.

    September 25, 2008 10:35 am at 10:35 am |
  17. FORMER GOP

    More scare tactics by these colossal liars.

    PALIN DISCUSSING THE ECONOMY IS LIKE PARIS HILTON DISCUSSING THE ECONOMY. WHEN WILL THIS FARCE END?!!!!

    September 25, 2008 10:35 am at 10:35 am |
  18. tired of delusional blind sheep

    wow.. john mccain correcting sarah palin in regards of how much to scare someone. well .. he should know, seeing how that is the basis of his entire campaign, right wing scare tactics .. (in a snarky john mccain voice*hey granny in kansas.. al queda is coming to get you, vote for me*) lol

    September 25, 2008 10:35 am at 10:35 am |
  19. Jason in San Diego

    By the way, you shouldn't run away from the debates. Yes, you are not going to do well in the debates, but it looks even worse for you not to even show up. People have been waiting months for this. All our DVR's are set to record it. Explain yourself!

    September 25, 2008 10:35 am at 10:35 am |
  20. Amen

    Sarah tells it like it is.

    That is why she IS a reformer.

    She is right.

    Greed and stupidity have caused our economy to fail.

    I am guilty of neither- flipping homes, making profits, nor did I borrow money that I could not afford to borrow.

    But ONCE AGAIN- I am taking the fall for those who gamed the system and were irresponsible.

    McCain and Palin are right on the money, here.

    September 25, 2008 10:36 am at 10:36 am |
  21. simp

    Are these two clowns serious? Palin is so unexperience it was so obvious in this interview with Katie. And mccain has the nerve to say we need to be honest with the people. His whole campaign is based on lies and flip flops. mccain is very scary and this sidekick palin is just as scary.

    Obama/Biden

    September 25, 2008 10:36 am at 10:36 am |
  22. amy

    McCain, when 9/11 happened, we did not suspend school or any others works, because, we, American, DO NOT surrender to crisis, period ! That is American value !

    September 25, 2008 10:36 am at 10:36 am |
  23. Chuck

    MORE SCARE TACTICS FROM THE REPULICAN PARTY. AND THE BEST PART IS AMERICA HAS BECOME SO STUPID IT WILL FALL FOR THIS AGAIN. GET A GRIP PEOPLE. STOP LISTENING TO THESE TWO LIARS ALREADY. IT'S SICKENING.

    September 25, 2008 10:37 am at 10:37 am |
  24. Ana

    Wow..."I will find some and I'll bring them to you"? Well lady, we dont have time to wait for you to come up with real answers to our problems. Looks like if you are not reading out of a script, you are as dumb as Bush and Cheney combined.

    September 25, 2008 10:37 am at 10:37 am |
  25. The Light

    John McCain and Sarah Palin are the most ridiculous people I have ever seen run for presidency. They BOTH completely disagreed that we were in a recession, which Obama has been saying for months now.

    They BOTH decided to conveniently wait until the President declares the economy is faultering, which is most likely a campaign trick in and of itself. That's remarkably similar to Sarah Palin's, "I was against the Bridge To Nowhere" claim, which she was in favor of until Congress voted against it.

    The point being that these two are ruthless, lying, cheating, tomfooleries. They belittle the American people from high atop their imaginary pedastals, and YET there are still people out there that believe in them!

    The ones that really irk me are the so-called "young Republicans"....This concept BLOWS my mind. How can ANYONE under the age of 40 could support these clowns?? DO YOU NOT SEE A BRIGHT FUTURE AHEAD?? DOES IT BRING YOU JOY TO THINK THAT IN 20, 30 YEARS YOUR LIFE AND THE LIVES OF YOUR CHILDREN WILL BE ONE OF POVERTY, WAR, FAMINE, AND AN ENVIRONMENTAL CATASTROPHE?????

    Of course, McCain wants SO BADLY to have the Presidential debate moved to the day of the scheduled VP debate. Two reason for this...
    One, McCain knows Obama is going to answer the questions the same way he has been anwering them throughout his entire campaign without flip-flopping on MAJOR "now type" issues. Secondly, the GOP wants to throw out the VP debate all together...Sarah Palin is will never be prepared to debate foreign policy with the head of the Foreign Relations Committee, a man who is on a first name basis with some of the World's foremost leaders.

    OBAMA 08!!!! He will keep America strong.

    September 25, 2008 10:37 am at 10:37 am |
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