NEW YORK — Republican vice presidential candidate Sarah Palin said Wednesday that the United States could be headed for another Great Depression if Congress doesn’t act on the financial crisis.
Palin commented in an interview with “CBS Evening News” anchor Katie Couric while visiting New York to meet with foreign leaders for the first time in her political career.
Asked whether another Great Depression could set in if Congress doesn’t approve the Bush administration’s $700 billion bailout proposal, Palin said: “Unfortunately, that is the road that America may find itself on.” The Alaska governor said the solution doesn’t necessarily have to be the proposed bailout plan but that it should be some form of bipartisan action to reform Wall Street.
Meanwhile, as Palin sought to establish her credentials in world affairs, first lady Laura Bush said Palin didn’t have enough foreign-policy experience but was a “quick study.” Palin met with Iraqi President Jalal Talabani.
She also met with Pakistani President Asif Ali Zardari before preparing to join John McCain for an evening session with Indian Prime Minister Manmohan Singh. Earlier Wednesday, the two candidates met together with Georgian President Mikhail Saakashvili and Ukrainian President Viktor Yuschenko.
