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Former Reagan speechwriter Peggy Noonan and close John McCain ally Mike Murphy were caught in an off-air but open mike conversation with MSNBC political analyst Chuck Todd just hours ago criticizing vice presidential nominee Sarah Palin's lack of experience and the "gimmick" of having a woman on the ticket. Noonan, who carries considerable weight in GOP circles, is clearly heard to say "it's over" with respect to the Republican presidential race.
Read the rough transcript below the fold.