PALIN: No, we're not. We're not quite there yet. There is still hope. But what we have to do is exert the pressure that America can put on our allies and on those who are not so friendly.

O'REILLY: Obama says he's doing all that.

PALIN: He's bowing to world leaders and I think any other president in our country…

O'REILLY: Do you mean that literally, the Japanese emperor?

PALIN: I mean that literally.

O'REILLY: Do you think Obama's weak abroad?

PALIN: I believe that his approach to diplomacy is not what history has shown us works. What works in my mind, reading the history book, is what Reagan did. And that was to let the rest of the world know that America can be independent in a sense that we have the resources so that we won't be reliant on other countries to feed us and to feed our economy. But what Reagan did, I think what was the right thing, he boiled it all down to this. He looked at our enemies, enemies around the world, and he said, we win, you lose. That's what I want to see and feel and hear from our new administration, from President Obama.