Katie and Sarah; One on One

(CBS) When CBS News anchor Katie Couric sat down for an exclusive interview with vice presidential nominee Sarah Palin Wednesday, she focused on the economy - but also addressed reports that the lobbying firm of Sen. John McCain's campaign manager received payments from the controversial mortgage giant Freddie Mac until last month. Couric asked for her reaction to that.



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Sarah Palin: My understanding is that Rick Davis recused himself from the dealings of the firm. I don't know how long ago, a year or two ago that he's not benefiting from that. And you know, I was - I would hope that's not the case.

Katie Couric: But he still has a stake in the company so isn't that a conflict of interest?

Palin: Again, my understanding is that he recused himself from the dealings with Freddie and Fannie, any lobbying efforts on his part there. And I would hope that's the case because, as John McCain has been saying, and as I've on a much more local level been also rallying against is the undue influence of lobbyists in public policy decisions being made.

Next, Couric asked about the $700 billion government bailout of bad debt - and whether she supports it.

Palin: I'm all about the position that America is in and that we have to look at a $700 billion bailout. And as Sen. McCain has said unless this nearly trillion dollar bailout is what it may end up to be, unless there are amendments in Paulson's proposal, really I don't believe that Americans are going to support this and we will not support this. 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 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.

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.

http://www.cbsnews.com/stories/2008/09/24/eveningnews/main4476173.shtml