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First Read: The day in politics by NBC News for NBC News
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FIRST THOUGHTS: The stakes for Palin 
ST. LOUIS -- As NBC/WSJ co-pollster Peter Hart put it during the Palin bounce, 
when her poll numbers were sky-high, "The faster the rise, the steeper the 
descent." And given what has transpired in the past couple of weeks, including 
most recently Palin's Supreme Court answer to Katie Couric, perhaps no truer 
words have been spoken. But if what goes up must come down, is the opposite 
true -- what comes down must go up? The McCain campaign certainly hopes so. And 
tonight's VP debate comes at a good time for the McCain campaign, because it 
provides an opportunity to change the subject. Yet as we said earlier in the 
week, for Palin at least, the debate isn't about moving poll numbers; it's 
about saving her political future. Let's face it: After what has happened in 
the past two weeks, Palin needs a solid performance against Biden to be taken 
seriously as a major political figure, let alone a heartbeat away from the 
presidency. Tonight is about one person, Sarah Palin. If for some reason the 
post-debate chatter isn't about Palin, then Biden had himself one bad night.

*** As For Biden.: While we're certain that Palin will be the center of 
attention tonight, we're just as certain Biden is probably going to make a 
gaffe. But Biden's gaffes -- so far -- have been eclipsed by Palin's interview 
performances simply because the Senate Foreign Relations Committee chairman has 
seemed to pass a commander-in-chief threshold with voters. In fact, it's the 
same reason that McCain's "Sunni-Shiite" and Zapatero gaffes didn't get as much 
attention as would have been the case had Obama (or Palin) had said them. 
Still, the chattering class' advice for Biden tonight is the same as the advice 
for Palin: Don't be your stereotype.

*** The Skinny: Biden and Palin face off in their first -- and only (barring a 
challenge from say Palin for more debates?!?!) -- debate from Washington 
University at St. Louis beginning at 9:00 pm ET. At the 90-minute debate 
moderated by Gwen Ifill of PBS, the two running mates will speak from lecterns 
and address questions on domestic and foreign policy. Also, it won't be as 
freewheeling as last week's presidential debate: Biden and Palin will have 90 
seconds to respond to questions, followed by two minutes of discussion.

First Read with NBC News Political Director Chuck Todd, every weekday on 
MSNBC-TV at 9 a.m. ET.

For more: The latest edition of First Read is available now at
http://www.FirstRead.MSNBC.com !
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