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Full transcript: Palin, Biden vice-presidential debate
Published on Fri, Oct 03, 2008 at 09:19, Updated on Fri, Oct 03, 2008 at 09:34 in 
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Washington: The vice presidential candidates, Democratic Sen. Joe Biden and Republican Alaska Gov. Sarah Palin, debated in St. Louis, Missouri, Thursday night. Gwen Ifill of PBS was the debate moderator. Here is a transcript of that debate:
Gwen Ifill: Good evening from Washington University in St. Louis, Missouri. I'm Gwen Ifill of "The NewsHour" and "Washington Week" on PBS. Welcome to the first and the only 2008 vice presidential debate between the Republican nominee, Gov. Sarah Palin of Alaska, and the Democratic nominee, Joe Biden of Delaware.
The Commission on Presidential Debates is the sponsor of this event and the two remaining presidential debates. Tonight's discussion will cover a wide range of topics, including domestic and foreign policy matters.
It will be divided roughly into five-minute segments. Each candidate will have 90 seconds to respond to a direct question and then an additional two minutes for rebuttal and follow-up. The order has been determined by a coin toss.
The specific subjects and questions were chosen by me and have not been shared or cleared with anyone on the campaigns or on the commission. The audience here in the hall has promised to remain very polite, no cheers, applause, no untoward outbursts, except right at this minute now, as we welcome Gov. Palin and Sen. Biden.
Sarah Palin: Nice to meet you.
Joe Biden: It's a pleasure.
Sarah Palin: Hey, can I call you Joe?
Joe Biden: (OFF-MIKE)
Sarah Palin: Thank you.
Thank you, Gwen. Thank you. Thank you.
Gwen Ifill: Welcome to you both.
As we have determined by a coin toss, the first question will go to Sen. Biden, with a 90-second follow-up from Gov. Palin.
The House of Representatives this week passed a bill, a big bailout bill -- or didn't pass it, I should say. The Senate decided to pass it, and the House is wrestling with it still tonight.
As America watches these things happen on Capitol Hill, Sen. Biden, was this the worst of Washington or the best of Washington that we saw play out?
Joe Biden: Let me begin by thanking you, Gwen, for hosting this.
And, Governor, it's a pleasure to meet you, and it's a pleasure to be with you.
I think it's neither the best or worst of Washington, but it's evidence of the fact that the economic policies of the last eight years have been the worst economic policies we've ever had. As a consequence, you've seen what's happened on Wall Street.
If you need any more proof positive of how bad the economic theories have been, this excessive deregulation, the failure to oversee what was going on, letting Wall Street run wild, I don't think you needed any more evidence than what you see now.
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