Obama On Letterman: Parts 1&2

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excerpt from transcript from swampolitics

Dave: "Let me ask you a question here. Have you ever actually put lipstick on a pig?"
Obama: "You know," (audience laughs) "the answer would be no. But I think it might be fun to try."
Dave: "I know the reaction to that was, 'You were overreacting.' You stand by that?"
Obama: "Absolutely." (audience applauds) "Look, this is - if you - this is sort of silly season in politics - not that there's a non-silly season in politics." (Dave, audience laugh) "But it gets sillier. But, you know, it's a common expression in at least Illinois, I don't know about New York City. I don't know where you put lipstick on here." (audience, Dave laugh) "But in Illinois, the expression connotes the idea that if you have a bad idea, in this case I was talking about John McCain's economic plans, that just calling them change, calling it something different, doesn't make it better, hence, lipstick on a pig is still a pig."
Dave: "Now what I like about this scenario is because they demanded, the Republicans demanded an apology."
Obama: "Yes, they did."
Dave: "So that means there had been a meeting at some point somewhere along the line."
Obama: "All of them."
Dave: "Yeah, they got together and they said, 'You know what? He called our vice presidential candidate a pig.'" (audience laughs) "Well, that seems pretty unlikely, doesn't it?"
Obama: "It does. But keep in mind that, technically, had I meant it that way, she would have been the lipstick, you see?" (audience, Dave laugh) "But now we're..."
Dave: "I don't know, you're way ahead of me." (audience laughs)
Obama: "Yeah, the failed policies of John McCain would be the pig."
Then Letterman asked Obama about what some have called the Palinomenon, the way the Alaska governor has become a national celebrity in a matter of weeks.
Dave: "The fact that we're talking about this now, do you feel like within the last week and half or so, there's been - you're derailed a little bit and now you're campaigning against, not necessarily the Republican ticket, but John McCain, not him, but Sarah Palin?"
Obama: "Well, I - look, there's no doubt that she's been a phenomenon. I mean, you know, as somebody who used to be on the cover of Time and Newsweek, you know." (audience, Dave laugh)
Dave (laughs): "Those were the days." (audience applauds)
Obama: "Those were the days. I had a recent offer with Popular Mechanics." (audience laughs)
Dave: "Take it, take it." (audience laughs)
Obama: "Said they had a centerfold, yeah, with a wrench, you know." (audience, Obama laugh) "But, no, look, she's on a wild ride and there's no doubt that she's energized the base. But ultimately what we've seen over the last week is a concession on the part of the McCain campaign that this election is going to be about change. You'll recall, you know, for the last two years, we've been talking about needing to change how Washington works, how the country is managed and people were saying, 'No, it's about experience, experience, experience,' and over the last week and a half I think they recognized that, no, the American people want something fundamentally different and for a good reason. Because when you travel, it doesn't matter whether you're here in New York City or a tiny hamlet somewhere in the Midwest, what you find is people are just having a tough time right now. The economy is not working for middle class families, incomes have gone down, people don't have healthcare, you've got foreclosures all across the country, and so people want something different, and whoever makes the better case that we have had enough of the last eight years, we need something fundamentally new, whoever makes that case to the American people will be the next President." (audience applauds)