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Obama defends Biden’s “chains” remark, rejects Palin’s advice to replace him with Hillary (+video)

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(by FoxNews.com) President Obama defended Vice President Joe Biden on Wednesday against criticism of his remarks that Republican repeal of Wall Street regulations would put voters “back in chains.”

Obama also brushed off Sarah Palin’s suggestion on Fox News that he drop Biden from the ticket in favor of Secretary of State Hillary Clinton.

Palin, the 2008 GOP vice presidential nominee and a Fox News contributor, had said Biden’s comments are the latest example of how he “really drags down that ticket.”

“If that’s not the nail in the coffin, really, the strategists there in the Obama campaign have got to look at a diplomatic way of replacing Joe Biden on the ticket with Hillary,” Palin said. “And I don’t want to throw out that suggestion and have them actually accept the suggestion because then an Obama-Hillary Clinton ticket would have a darn good chance of winning.”

But Obama, in an interview with “Entertainment Tonight,” downplayed Palin’s comments: “We don’t spend a lot of time worrying about the chatter and the noise and this and that,” he said. “The country isn’t as divided with gaffes or some stray remark as Washington is. Most folks know that’s just sort of a WWF wrestling part of politics. It doesn’t mean anything, just fills up a lot of air time.”  Read more from this story HERE.

Here’s what Palin said on Fox about replacing VP Joe Biden with Hillary:

Decision: Palin will not speak at the GOP Convention in Tampa

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Former U.S. vice presidential candidate Sarah Palin on Sunday said she will not speak at the Republican National Convention in Florida later this month, saying she will instead focus on rallying in support of candidates for the U.S. Congress.

Palin, 48, who previously served as the Governor of Alaska and was U.S. Senator John McCain’s vice presidential nominee during the 2008 presidential elections, said she continues to support Republican presidential candidate Mitt Romney and his newly announced running mate, Congressman Paul Ryan.

“This year is a good opportunity for other voices to speak at the convention and I’m excited to hear them,” Palin said in a brief statement distributed by Fox News. “As I’ve repeatedly said, I support Mitt Romney and Paul Ryan in their efforts to replace President Obama at the ballot box, and I intend to focus on grassroots efforts to rally Independents and the GOP base to elect Senate and House members so a wise Congress is ready to work with our new President to get our country back on the right path.”

She added: “Everything I said at the 2008 convention about then-candidate Obama still stands today, and in fact the predictions made about the very unqualified and inexperienced Community Organizer’s plans to ‘fundamentally transform’ our country are unfortunately coming true.”

The Republican National Convention will be held in Tampa, Florida, between August 27 and August 30 and will feature a number of high-profile Republican figures as speakers. Among those confirmed to be speakers are former presidential candidates John McCain and Rick Santorum. Former Florida Governor Jeb Bush, former Arkansas Governor Mike Huckabee and former U.S. Secretary of State Condoleeza Rice will also speak.

Read more from this story HERE.