October 03, 2008
IFILL: Next question, Gov. Palin, still on the economy. Last year, Congress passed a bill that would make it more difficult for debt-strapped mortgage-holders to declare bankruptcy, to get out from under that debt. This is something that John McCain supported. Would you have?
PALIN: Yes, I would have. But here, again, there have -- there have been so many changes in the conditions of our economy in just even these past weeks that there has been more and more revelation made aware now to Americans about the corruption and the greed on Wall Street.
We need to look back, even two years ago, and we need to be appreciative of John McCain's call for reform with Fannie Mae, with Freddie Mac, with the mortgage-lenders, too, who were starting to really kind of rear that head of abuse.
And the colleagues in the Senate weren't going to go there with him. So we have John McCain to thank for at least warning people. And we also have John McCain to thank for bringing in a bipartisan effort people to the table so that we can start putting politics aside, even putting a campaign aside, and just do what's right to fix this economic problem that we are in.
It is a crisis. It's a toxic mess, really, on Main Street that's affecting Wall Street (Bold emphasis mine). And now we have to be ever vigilant and also making sure that credit markets don't seize up. That's where the Main Streeters like me, that's where we would really feel the effects.
I guess we can add that one to her greatest hits:
"In the end, the debate did not change the essential truth of Ms. Palin’s candidacy: Mr. McCain made a wildly irresponsible choice that shattered the image he created for himself as the honest, seasoned, experienced man of principle and judgment. It was either an act of incredible cynicism or appallingly bad judgment."