Sarah Palin said Wednesday that the United States could be headed for another Great Depression if Congress doesn't act on the financial crisis.
She made the comment in an interview with CBS' Katie Couric while visiting New York to meet foreign leaders in town for the U.N. General Assembly. As Palin sought to establish her credentials in world affairs, First Lady Laura Bush said that Palin lacked sufficient foreign policy experience but that McCain has foreign policy experience himself. Still, Bush told CNN that she has a lot of confidence in Palin and that Palin was "a quick study."
Palin met with Iraqi President Jalal Talabani and Pakistani President Asif Ali Zardari before joining McCain for an evening session with Indian Prime Minister Manmohan Singh.
In the interview, Couric asked Palin whether there's a risk of another Great Depression if Congress doesn't approve a $700 billion bailout package. She said, "Unfortunately, that is the road that America may find itself on."
She said the answer doesn't necessarily have to be the bailout plan that the Bush administration has proposed, but that it should be some form of bipartisan action to reform Wall Street.
SCHOOL OUTRAGED BY OBAMA EFFIGY
Officials of a small Christian university in Newberg, Ore., say a life-size cardboard reproduction of Barack Obama was hung from a tree on the campus, an act with racial undertones that outraged students and school leaders.
George Fox University spokesman Rob Felton said Wednesday that the commercially produced reproduction had been suspended from a branch with fishing line around the neck. Taped to the cardboard cutout was a message targeting participants in Act Six, a scholarship program.
Newberg police Sgt. Tim Weaver said officials are working with the university, which has about 1,800 students, to find out who was responsible. He said the U.S. Secret Service also was notified.