Palin had not used the term when Couric asked Palin: “If this doesn't pass, do you think there's a risk of another Great Depression?” Palin's reaction, in full:
Unfortunately, that is the road that America may find itself on. Not necessarily this, as it's been proposed, has to pass or we're going to find ourselves in another Great Depression. But, there has got to be action taken, bipartisan effort, Congress not pointing fingers at this point at one another, but finding the solution to this, taking action, and being serious about the reforms on Wall Street that are needed.
And Couric was not the only network news star on Wednesday to raise the spectre of a “Great Depression” -- or worse. NBC's Tom Brokaw: “Do you worry about a cataclysmic event coming out of all of this, that we go into a Great Depression?”
Video/audio: Click above for Flash video of Couric's question to McCain followed by what she proposed to Palin. Matching MP3 audio (25 seconds, 150 Kb).
In an interview with Bill Gates on the NBC Nightly News tied to Gates, as head of the Bill and Melinda Gates Foundation, attending the Clinton Global Initiative summit, a dire Brokaw inquired: As you develop a business plan for the Gates Foundation in the midst of what we're going through right now, do you worry about a cataclysmic event coming out of all of this, that we go into a Great Depression in this country and the ripple effect around the world?Couric's question to Palin before the “Great Depression” one: “Polls have shown that Senator Obama has actually gotten a boost as a result of this latest crisis, with more people feeling that he can handle the situation better than John McCain.”
From Couric's September 24 session with John McCain at her anchor desk:
KATIE COURIC: Earlier today, Senator, I spoke with your running mate, Sarah Palin, and she told me that if action is not taken, a Great Depression is quote “the road that America may find itself on.” Do you agree with that assessment?CBSNews.com online version of the McCain interview, with a transcript and video.
JOHN McCAIN: I don't know if it's exactly the depression, but every respected economist in this country is saying you'd better address this problem and you'd better do it now or the consequences, obviously, of inaction are of the utmost seriousness. So I agree with Governor Palin. There's there's so much at stake here. That's why I am confident that we'll sit down and work together on this thing.COURIC: But isn't so much of this, Senator McCain, about consumer confidence and using rhetoric like the “Great Depression,” is that the kind of language Americans need to hear right now?
McCAIN: Well, listen, I've heard language from respected people “we're staring at the abyss.” I've heard all kinds of things from people. I don't think we need to scare people, but I certainly think we need to tell them the truth and tell them what's at stake here. And everyone says -- and I say -- this is the greatest crisis since the end of World War II. You cannot, I mean, to tell American citizens that everything's fine I think just would be, that would be outright deception. I think it's of the utmost seriousness and this is a crisis of enormous proportions. But we can fix it. And America's best days are still ahead of us.
From Couric's interview of Sarah Plain aired later in the Wednesday CBS Evening News:
SARAH PALIN: The interesting thing in the last couple of days that I have seen is that Americans are waiting to see what John McCain will do on this proposal. They're not waiting to see what Barack Obama is going to do. Is he going to do this [wiggles finger] and see what way the political wind's blowing? They're waiting to see if John McCain will be able to see these amendments implemented in Paulson's proposal.Online version of the Palin interview, with a transcript of what aired (which I've corrected above) and video clip.
COURIC: Why do you say that? Why are they waiting for John McCain and not Barack Obama?
PALIN: He's got the track record of the leadership qualities and the pragmatism that's needed at a crisis time like this.COURIC: But polls have shown that Senator Obama has actually gotten a boost as a result of this latest crisis, with more people feeling that he can handle the situation better than John McCain.
PALIN: I'm not looking at poll numbers. What I think Americans at the end of the day are going to be able to go back and look at track records and see who's more apt to just be talking about solutions and wishing for and hoping for solutions for some opportunity to change, and who's actually done it?
COURIC: If this doesn't pass, do you think there's a risk of another Great Depression?
PALIN: Unfortunately, that is the road that America may find itself on. Not necessarily this, as it's been proposed, has to pass or we're going to find ourselves in another Great Depression. But, there has got to be action taken, bipartisan effort, Congress not pointing fingers at this point at one another, but finding the solution to this, taking action, and being serious about the reforms on Wall Street that are needed.
—Brent Baker is Vice President for Research and Publications at the Media Research Center





COURIC: But isn't so much of this, Senator McCain, about consumer confidence and using rhetoric like the “Great Depression,” is that the kind of language Americans need to hear right now?
COURIC: But polls have shown that Senator Obama has actually gotten a boost as a result of this latest crisis, with more people feeling that he can handle the situation better than John McCain.













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Comments Policy
Sounds like Couric is
September 24, 2008 - 19:34 ET by kgSounds like Couric is joining Reid in the sandbagging.
"Forget change, I want improvement!"
Same old...same
September 24, 2008 - 19:39 ET by bigtimerSame old...same old...
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Whaaat?! You mean... no
September 25, 2008 - 10:06 ET by CortillaenWhaaat?! You mean... no change? </sarc>
www.daybydaycartoon.... Proving that conservative comedy is very real.
"With your mind as high as Mt. Fuji you can see all things clearly. And you can see all the forces that shape events; not just the things near to you." - Miyamoto Musashi
unbelievable!!!!!!!
September 24, 2008 - 19:57 ET by jondelwicheThis is even worse than the same old.....
Talk about inventing news!
Katie Clown better get called on this fraud,
it is literally journalistic fraud.
How despicable,
Add CBS to the NBC and CNN no interview list.
Katie says so much crap she
September 24, 2008 - 19:59 ET by d1carterKatie says so much crap she just can't remember what she says...
MSM Fighting Hard
September 24, 2008 - 20:05 ET by JayJay123Sure treat dems like they are american idol winners/celebrities but republicans get treated brutally.
I'm sure there is extreme peer pressure in the media to follow the "popular" one. They weren't nearly as harsh even to Hillary as they are to Palin.
But I fear, there is no turning back for MSM.
Couric Gotcha Moment!
September 24, 2008 - 20:14 ET by ChasvsOld Katie set that gotcha moment up pretty well didn't she?
Too bad it got stuffed right down her F*cking mouth!
Barack's not doing a damn thing and is getting a pass by the media.
God help us if that Empty Black Suit gets elected. The MSM won't be able to give himn a pass when we go down in a ball of flames as a Country!
Katie specifically said she
September 24, 2008 - 22:11 ET by kgKatie specifically said she would not pose any "gotcha" questions.
Looks like she lied!
"Forget change, I want improvement!"
»→ Katie's gotcha
September 25, 2008 - 07:39 ET by Cool ArrowOK John McCain warned us this might reach crisis proportions, but did he say it again?
How utterly foolish of the Liberal Left pinup chick to giggle and fawn over Biden and his flirtatious banter about FDR, Television, and 1929, but if Gov. Palin gives her Perkiness a verifiable quote from a John McCain published document, Katie acts like it ingenuine.
Katie, like it or not, you are graded on your (supposed) ability to avoid the your attraction to the big, strong, manly Senator from Delaware.
You failed.
"Don't taze me bro" - Joe Biden
Pass
September 25, 2008 - 07:29 ET by jakotaChasvs - you're saying MSM won't be able to give him a pass, believe me they'll find a way. Those evil (R)s in the Senate blocked some obscure piece of legislation that was the cornestone of Pres Obama's entire policy.
I agree, God help us!
Who was it (TnT?)that
September 24, 2008 - 20:17 ET by motherbeltWho was it (TnT?)that wondered yesterday if Katie allow Sarah to sit on the couch like Joe Biden, but opined that it would be chairs, with Katies higher by several inches?
Well, there are the chairs, and I can't tell if Katie's is higher, but Jeez, look at expression on her face!!
And then compare that to this
candid camera
September 24, 2008 - 23:35 ET by mom_roxYou're right, mb - Katie forgot her "serious journalist" look during her interview with Biden.
What's the difference between Barack Obama and Sarah Palin?
One is eye candy while the other kills her own food.
Not so perky
September 24, 2008 - 20:39 ET by VonuBut very sly. The problem is that our money is debt. Everything is upside down. That 700 bill aint gonna do nutin. We are screwed either way. The only question is do we jump in or wade out very slowly. Our fearless leaders have been wrong about everything from the start, now they understand the problem and have the solution at hand? HA. FAT F'ing CHANCE.
problem
September 25, 2008 - 07:36 ET by jakotaVonu, I beleive the problem is that (D)s are street fighters and (R)s too collegial. This problem was forseen years ago and was not properly responded to.
We love Couric
September 24, 2008 - 20:41 ET by caiobabeThe cute.
The perky.
The Ms. Katie Couric.
C'mon, she has absolutely no journalistic value and no reputation as such. Her interviewing skills suck!
Miss Perky always has that
September 25, 2008 - 11:10 ET by Kenny BunkportMiss Perky always has that "Oh my, isn't this awful." look perfected by Oprah Winfry when describing Republican "atrocities".
At least Dan Rather and Walter Cronkite generally presented the same stoic face when reporting news they liked and news they didn't like. Katie gets animated when it's news she likes and gets all pouty and brow-furrowed when it's news she doesn't.
I think that was originally supposed to appeal to woman viewers. I don't know if it did, but it makes me (and about everyone else) puke.
A gun in your hand beats a cop on the phone.
breaking the record for low altitude
September 24, 2008 - 20:44 ET by RousseGood for Katie. I see she's still trying to break the record for flying at low altitude.
Its time to ignor reporters
September 24, 2008 - 20:48 ET by BKeyserDoes anything else really need to be said? - (emphasis mine)
UNITED NATIONS — Michael Douglas had
to field questions Wednesday about the financial turmoil shaking world
markets from reporters recalling his role in the 1987 film "Wall
Street."
The actor sought to focus on the subject of Wednesday's
news conference — urging the United States and eight other holdout
nations to ratify a nuclear test ban treaty.
Douglas won an
Academy Award for portraying the rapacious banker Gordon Gekko, who
popularized the phrase "greed is good" in the movie.
After world
leaders here condemned the "boundless greed" of world markets, Douglas
was asked to compare nuclear Armageddon with the "financial Armageddon
on Wall Street."
But the likening to Gekko did not end there, with a reporter asking: "Are you saying Gordon that greed is not good?"
"I'm not saying that," Douglas replied. "And my name is not Gordon. He's a character I played 20 years ago."
Douglas,
who married actress Catherine Zeta-Jones in 2000, has won two Oscars —
as a producer for 1975's "One Flew Over the Cuckoo's Nest" and as best
actor for his role in "Wall Street."
Copyright 2008 The Associated Press.
Unbelievable...
Couric
September 24, 2008 - 21:02 ET by well99How those ratings going.Is Sesame Street still higher than yours?Look at Biden interview then look at Palin.Gee Katie why the big difference?Could it be your a Dem shill?
Palin is an economic idiot
September 24, 2008 - 21:20 ET by PopularTechThese investment banks are trying to dump worthless MBS on the American Tax payer. This bailout will cause hyperinflation and then you will see the makings of another Great Depression. Doing nothing means the market will liquidate this on it's own and yes banks with large MBS investments will tank, so what. Let the investment banks burn - they created this mess. Paulson is trying to save Goldman Sachs with the Bailout NOT mainstreet.
I-Banks' Collapse: Core Deposits 1, Masters of the Universe 0 (Seeking Alpha)
Bank of America: 'Paulson Plan Benefits Mostly Goldman, Morgan' (Seeking Alpha)
How to Avoid Another Depression (Ludwig Von Mises Institute)
Palin PT? What about Obama, Biden, Bush, McCain, Pelosi, Read
September 24, 2008 - 21:23 ET by Dee Bunknow you are blaming the bailout on Palin - you are so obsessed with her
Palin Fanboys to the rescue
September 24, 2008 - 21:24 ET by PopularTechI am blaming her comments on her so please stop with the lies.
Dee, ignore this troll, as he has apparently taken up crack.
September 24, 2008 - 21:32 ET by R D Helm-Dave
Politicians are the only people in the world who create problems and then campaign against them - Rick Roberts
Ignore the Housing Bubble - that will make it go away
September 24, 2008 - 23:59 ET by PopularTechHousing Bubble Future Projections
Where is the subject about the wisdom of this bailout?
September 24, 2008 - 21:33 ET by nwahsI don't think anyone should be shoving the bail out down peoples throats with the notion there is not enough time to look at it closely. Instead of splitting hairs about the exact definition of a recession, a little heads up on this looming disaster would have been appreciated. But that didn't happen. Instead we had people telling us we weren't in a recession because we had .055% growth last quarter. Now they tell us to hurry up and sign off on this big socialistic give away.
No. Its wrong.
Wow...I think this is the
September 24, 2008 - 21:39 ET by bigtimerWow...I think this is the first time we have ever agreed.
Btw...the more time congress has to look at anything, the more they will screw us...so I am glad it is less time, no matter the solution or not.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
oh the humanity
September 24, 2008 - 21:47 ET by tonemeisterthis brain-dead skag wants to be taken seriously as a journalist so badly it shines off her like a broken light bulb.... just before it burns out..sorry, no one takes you seriously. no gravitas.no happy ending.thats reserved for the person that cures cancer..ouch
Great, no more MSM "Recession" talk They have a NEW WORD
September 24, 2008 - 21:54 ET by JayTeehow can you have a Depression without first having a Recession ??
Talking up a "virtual" Recession did not work . . .So the Dems are trying to provide Americans with what the Democrats wanted all along . . .a Depression
The Republican Revolution will not be Televised
Drive by Media firing blanks
September 24, 2008 - 22:17 ET by ScandimanI used to be outraged, now I just don't care any more about our Stalinist media. No warm and fuzzy chat like she had with O'Biden. Just a vain attempt at a gotcha moment.
Thank God I tuned out long ago since every time I see that channel I C....BS!
Couric looked terrible, Palin looked nervous but did fine
September 24, 2008 - 23:17 ET by DaMavOf course that's not the meme being pushed by the media but based on the 5-10 minutes I saw, Couric had this sourpuss look on her face and acted like nothing that Palin said was to be even considered. The disrespect being show to Palin by the media is absolutely nauseating. They are treating her as if she was caught sneaking on to school grounds late at night.
This is a governor, a high achiever, who from all evidence embodies great American values, even if I don't agree with all of her positions. She deserves the basic decency that is extended to any other major candidate for public office.
I think she needs to loosen up a bit but otherwise did just fine. No gaffes. The idea that not knowing McCain's personal record in the Senate in detail being pushed by the libs on Politico is some kind of serious error is nonsense. And Couric handled it in the most condescending way possible, reminding me of Charlie staring down his nose at her and incorrectly defining the "Bush Doctrine" for all the world to see.
I'm very proud to be supporting Sarah Palin. Very. She will make an excellent VP for this country, I have no doubts at all.
I watched her interview...
September 25, 2008 - 01:53 ET by jawebster1with Gibson and my impression was that Gibson is a jerk, though Brit Hume vouchsafes that he is, in real life, a nice guy. Having seen that interview, I have no interest in watching her being interrogated by the left wing media, so I missed the Couric interview. I watched her entire interview by Sean Hannity and it was great. You say you don't agree with all her positions? Well I do, because she is a Ronald Reagan Conservative and it is obvious to me that she has all three legs of the Conservative stool. Social, Fiscal and National Security/Foreign Policy. Too bad the same can not said of McCain. Jim Webster
You have to admit, it was a
September 24, 2008 - 23:44 ET by CoolShadesYou have to admit, it was a clever trick by Couric. She tricked her into using the word and bam, the trap is sprung. Very clever.
tsk tsk
September 25, 2008 - 00:05 ET by LindamaeKatie,
You owe Palin an apology. Try to maintain high journalistic standards.
I can't wait for us to get
September 25, 2008 - 00:34 ET by jdhawkI can't wait for us to get past this election for two reasons:
1. John McCain will be President elect of the United States.
2. The perky dufus will be in the unemployment line.
I am surprised Couric is still...
September 25, 2008 - 01:34 ET by jawebster1around. CBS must like being in third place. I can only surmise that the "Executives" have given up on nightly news long ago because of ever sinking ratings and they don't much care anymore where they stand. In a race between three turtles, who wants to watch? Not I. Jim Webster
Palin's response
September 25, 2008 - 07:20 ET by mom_roxI just watched the entire interview. Certainly Palin could have done better, but no one is commenting on the fact that she didn't dodge the question. If Couric had asked that question of Joe Biden, she'd have received a 5 minute "waste of time" answer (probably containing at least one gaffe).
What's the difference between Barack Obama and Sarah Palin?
One is eye candy while the other kills her own food.
Couric's smirk
September 25, 2008 - 11:03 ET by MexNobamaWhen she "instructed" Palin that the American people according to polls are looking to Barack Obama to come up with an answer to the Wall St crisis she offered Palin a nasty little smirk that betrayed her great contempt for the Governor.
I disagree with the previous post in that I thought Palin did an excellent job in the interview. It is difficult to be interviewed by someone generating pure distain for you not only as a politician but as a person.
I would like to see how well Obama would do if interviewed by Rush, Hannity, Mark Levin etc because in terms of political position this is the true comparison to interviews by Couric Gibson etc, even though the above named guys are much smarter and much more entertaining.
So let's ignore the coming disaster
September 25, 2008 - 13:01 ET by LCT688With our nation’s economy on the precipice of meltdown, finger pointing and playing the blame game, in other words politics as usual, is the response we have come to expect from the political hacks known as Congressmen and Senators. After all that’s so much easier than either accepting responsibility or finding meaningful solutions.
The one fact that no one wants to admit or even discuss is that for the last couple of decades we have bought into a lie. We have been told that we can transition to an economy of simply dollars and cents and financial instruments, the so called “service economy”. Ignoring the fact that in order to have any real value dollars and cents must be backed up by real goods and materials is the root of the crisis we now face.
We have simply stopped competing in the manufacturing arena and as a result our manufacturing base has become the infamous “rust belt”. We were told it was more “efficient” to export our capital overseas rather than to manufacture for ourselves.
The very things that made us strong, our self reliance, ingenuity and innovation has been sacrificed on the altar of “global economics”.
Ever since the establishment of the Federal Reserve Board the Congress has abrogated if not abandoned its responsibility under Article 1 Section 8 of the Constitution:
“To coin money, regulate the Value there of, and foreign Coin, ……..”
We may just be faced with a crash far worse than 1929. In 1929 our currency was backed by gold, we had an extensive industrial base to drive the economy and employment, and we were a net exporter of energy. All things we lack today. So just what are we supposed to build a recovery upon?
"A nation which can prefer disgrace to danger is prepared for a master and deserves one."
Alexander Hamilton