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. Joe from Oklahoma

    Palin responded: “I'll try to find you some and I'll bring them to you.”
    Yeah right...
    The media needs to keep pressing on Palin. Show her for the incompetant she really is.
    Gosh knows a 30 second photo op and 8 second sound bytes will be all you guys will get from here on out if you don't check this behavior.
    And what happens if she is sitting in the driver's seat and something important comes up? Will she shut down the media? The country? Incompetants (like "w") always cloak the inactions or misdeeds evoking "National Security". With her I am afraid it will be worse.

    September 25, 2008 10:37 am at 10:37 am |
  2. Will

    Sh;s the one that was part of a religion that said that Alaska was the savior land for the oncoming Apocalypse and was protected against witches a couple years ago.

    September 25, 2008 10:37 am at 10:37 am |
  3. The King of Vegetables

    First of all, Palin has no idea what the possible outcomes of our current economic predicament might be. My take on this woman is that she is an intellectual lightweight, much like our current president – except that she went to state universities rather than prestigious private Yale.

    Second, we are being stampeded to a decision by deliberately contrived scare talk. Something is afoot. There is skullduggery going on. We are being conned, flim-flammed, hornswaggled, and taken to the cleaners by the same gang that has done it to us so many times now: voodoo economics, the deficit, the savings and loan debacle, Iraq, the Patriot Act. How many times, O America, will you fall for the same hogwash! As the philosopher says, "You can't fix stupid."

    We need to slow down and think through what we are doing and what the outcome should be. Wall street figures that if we give them a whole bunch of money, then their problems are solved – until they lead us into the next meltdown. Each time they persuade us to buy into their crackpot economic schemes, they come out much, much, much richer and we come out with more debt, lower incomes, crappier benefits, and fewer prospects for improvement.

    September 25, 2008 10:37 am at 10:37 am |
  4. Love Sarah

    Yes- even WITH the bailout- it could happen.

    I applaud Sarah for being open and honest with the American People.

    Obama will criticize the situation- then promise us solutions- then blame it on his predecessor when his "solutions" fail.

    I prefer Sarah's approach.

    September 25, 2008 10:38 am at 10:38 am |
  5. Brian

    Palin and McCain are a joke! They won't give the press access to Palin and now they're both trying to dodge the debates! What a scam! McCain "doesn't want to play politics"?!?!?

    That's ALL he's playing!!!

    REJECT THESE TWO, AMERICA!!!

    Obama/Biden '08!!!

    September 25, 2008 10:38 am at 10:38 am |
  6. Danielle, TX

    Ok, McCain. We've been "punked". Who is your real vp candidate? Is it Romney, Libermann, or Ridge?

    September 25, 2008 10:38 am at 10:38 am |
  7. onedayatatime

    How can you tell people the truth when neither you nor your running mate KNOW THE TRUTH? Even if we accept the pessimistic view that "all politicians lie", you, Mr. McCain have taken lying to a new low level.

    Don't disgrace yourself any further. Quit and go home!

    September 25, 2008 10:38 am at 10:38 am |
  8. Chris from NY

    Kathy Couric asked her three times to state one policy McCain has led to suggest his fight for stricter oversight on the financial market and she still couldn't say one. Finally she decided to bow out by saying she will find out and get back to Kathy on it. What a vice presidential candidate. That's why McCain is trying hard to change the topic of discussion from their failures to what they want America to believe is their strength only that it's not.

    September 25, 2008 10:38 am at 10:38 am |
  9. Tony

    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.

    _________________
    What would McCain know about truth?

    September 25, 2008 10:38 am at 10:38 am |
  10. Matt

    ROFLMAO. Palin telling people that she "thinks we need to tell people the truth" is, in and of itself, another LIE. She quite obviously does not think that.

    And you've gotta love that she ran scared from providing specific examples, admitting that the information was not in her head, but must be obtained from someone else. Is it really any wonder that she, McCain and the rest of the Republican party are terrified of letting her debate Conan the Delawarian next Thursday?

    September 25, 2008 10:39 am at 10:39 am |
  11. Kelly

    Oh, Sarah, you have clearly taken a page from the Bush playbook.

    Fear, fear, fear in the name of more votes.

    Please, for the sake of this nation, go back to Alaska where you can rule with unfettered power and ignorant bliss.

    September 25, 2008 10:39 am at 10:39 am |
  12. Barney

    Sinderbrand – Censorship is so "Bush/Rove/Cheney"-Like. Stop it.

    Barney September 25th, 2008 10:10 am ET
    Your comment is awaiting moderation.
    McCain panicked big time – much like he did when he made propaganda films in Nam.

    I'm voting early for Obama and then my TV goes dead until the election. It's over for McCain to even redeem himself at this point.

    He's lied, stabbed Obama in the back at every turn, and used every devious method he could to deceive the public. Even put a subpoena-dodger on his ticket. NO MORE.

    September 25, 2008 10:39 am at 10:39 am |
  13. mike

    The ole liberal media bias again eh Sarah? The audacity to ask for details. Where's the teleprompter when you need it. Jeez is this what the next four years could look like? scary.

    September 25, 2008 10:39 am at 10:39 am |
  14. robert ga

    Here we go, Palin is actually going to pretend that she knows anything about how the economy and the credit markets works. Do she actually know what a depression is.
    Give me a break like we are all fools...

    Birds (no pun intended) of the same feather fly together.

    McSame/Painlin

    September 25, 2008 10:39 am at 10:39 am |
  15. elm

    Palin is an idiot.

    This whole postponment of the debate is to keep Palin from facing both the press and the American people.

    The debates should go on, and in fact the bailout options debated in full before Congress signs another blank check like they did for Iraq.

    September 25, 2008 10:39 am at 10:39 am |
  16. John McChicken

    I agree. It would be a very great depression if McChicken/Palin win.

    "I'm John McCain and I'm too scared to debate Obama."

    September 25, 2008 10:40 am at 10:40 am |
  17. Glenn; Bakersville, NC.

    No bailout deal should provide any provisions for bonuses or "Golden Parachutes" for companies that are directly linked to this fiasco. Any deal that allows provisions for these things should be shot down by the committees. Any committee member who endorses these perks should be voted out of office. November is the time to do a good "House Cleaning" In the words of a famous fictional character that fits exceptionally well in Washington right now: (The Joker) This town needs an enima!

    September 25, 2008 10:40 am at 10:40 am |
  18. Felly

    Palin is all legs but no substance. She reminds me of G.W. Bush who pronounces nuclear , as nucular. She also reminds me of Dan Quayle.

    September 25, 2008 10:40 am at 10:40 am |
  19. Ryan W

    yes another great depression if we election Mcpalin to the ticket..

    WE NEED NEW LEADERSHIP..

    O.B.08

    September 25, 2008 10:41 am at 10:41 am |
  20. Truth hurts

    She is RIGHT- but the Obamabots and the media will criticize her for speaking the truth to the American people.

    We have been treated like idiots thus far and others are trying to lead us by our noses.

    Greed and stupidity created this problem. All Americans- even those who never flipped a home, never defaulted on a loan, never borrowed money they could not afford to pay back- will suffer.

    The Banks failed to preserve the trust of the public and greedy speculators grabbed a profit.

    September 25, 2008 10:41 am at 10:41 am |
  21. chris kremer

    America needs these debates now. The country is in a mess and the American people need to know where each candidates stand and how they plan on tackling the serious issues of the day. These debates are as equally important as the Wall Street mess, if not more important. The fact that McCain wants to postpone them is disturbing, to say the least. The next president will face the toughest crisis since the Great Depression. We need to know how each candidate plans to address this crisis and we need to know now.

    September 25, 2008 10:41 am at 10:41 am |
  22. No kidding

    Yes, if McCain/Palin wins, another Great Depression could happen. We already knew that.

    September 25, 2008 10:41 am at 10:41 am |
  23. john

    NO BAILOUT !! no one cared about main streets great depression and you GOP people thought it was fine BUT WHEN YOUR DONORS GO BELLY UP ITS A MAJOR PROBLEM NO.....HELL NOO!!!!

    September 25, 2008 10:41 am at 10:41 am |
  24. robert ga

    A reformer. how can you reform something you know nothing about.
    Did we not learn anything from the Bush years. The had no clue about implication of his action.

    September 25, 2008 10:41 am at 10:41 am |
  25. Melanie, MD

    If Palin is elected, I will be Greatly Depressed.

    September 25, 2008 10:41 am at 10:41 am |
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