Peggy Noonan, former speechwriter for Ronald Reagan and Wall Street Journal columnist was overheard on a hot mic bantering about Sarah Palin with GOP strategist Mike Murphy and MSNBC Political Director Chuck Todd:

Chuck Todd, MSNBC: I mean is she really the most qualified woman they could have turned to?

Noonan: The most qualified? No. I would think they went for the, excuse me, political bulls**t about narratives...

Noonan: Every time Republicans do that, because that's not where they live and it's not what they're good at, they blow it.

Unlike the Bush/Cheney's "major league asshole / bigtime" banter of 2000, or the John Kerry "crooked" remark of 2004, this particular microphone gaffe looks like genuine dialog.

[via ABC's Poliical Radar; YouTube clip available here]