Read the partial transcript of Chris Wallace's interview of the former Governor, Tony Knowles.
WALLACE: Governor Knowles, two years ago when you were running against Palin, you campaigned against her as an untested mayor of a small town. The voters of Alaska didn't agree with you then. Why should the voters of America believe you now when you say she's not ready?
KNOWLES: Well, Chris, the McCain-Palin ticket has embraced the economics and foreign policy of George Bush. I believe that's the wrong direction of the country.
And when Senator McCain chose Governor Palin to be his running mate, it was on the basis that it was going to represent change. And he represented two specific areas that need to be reformed that he looked to Governor Palin to lead, and that was change in regards to wasteful spending and pork barrel, and also in terms of ethics.
But there are serious questions about the stand that Senator (sic) Palin has taken on so-called "Bridge to Nowhere," which she's always supported and which actually she still continues to support on...
WALLACE: Well, we're going to — we're going to get into all of those specifics. But just real briefly, Governor Knowles, why is she not ready to be president?
KNOWLES: Well, the question, I think — and most people feel that on the surface that there has been no vice president that is less prepared in modern history.
But we need to look at what a person does in office, not so — not so much how long they hold an office. And despite the brief time, the case needs to be made on the issues.
WALLACE: All right. We're going to get to...
KNOWLES: And it's on the issues...
WALLACE: Governor Knowles, we're going to get to those in a minute, but let me bring in Lieutenant Governor Parnell.
It's obviously a big jump from mayor of Wasilla to governor. It's a much bigger jump from governor of Alaska to potential president.
Governor Palin says she's never met a foreign leader. She seems not to have thought a great deal about foreign policy. Why do you think she's ready to be commander in chief in a time of war?
PARNELL: You know, Governor Palin is absolutely ready to lead. She's the only candidate who has executive branch experience.
She's the governor of the state that supplies 20 percent of America's oil. I mean, she knows what energy independence is all about, because we're working to provide oil and gas both here locally in Alaska as well as to the rest of the states. She's absolutely ready to lead.
WALLACE: Governor Knowles, one — as you pointed out, one of the central reasons that John McCain picked Palin was because he said that she has a record as a reformer.
Now, I know you're an opponent, but doesn't she have quite a history of going up against the establishment of her own party and against the interests of the big oil lobby?
KNOWLES: Well, just let me just say, again, both McCain and Palin have endorsed the economics and foreign policy of George Bush. So how do they make themselves agents of change and reform?
And they point to Governor Palin's work in terms of not accepting money for the so-called "Bridges to Nowhere." First of all, to get the record straight on that, she did not turn back the money to it.
There were two "Bridges to Nowhere," and one of them, the largest project — and regardless of the merits of the issue, regardless of the merits, she is continuing to support one of the so-called "Bridges to Nowhere," which is across from Anchorage to Point McKenzie.
So it's entirely false that she — it's misrepresentation of the record.
Second of all, ethics was also a reform issue that she has been turned to, and yet we have a situation right now in Alaska where she is under the cloud of investigation for an ethics complaint that has been made...
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