Transcript snip:

Palin: Obama…Barack Obama has an ideological commitment to higher taxes. The lessons I believe we have taught our kids would start to erode. Those lessons about work ethic, hard work being rewarded and productivity being rewarded…

Female yelling off-camera, in audience:

And he's a ni***r!

Palin: And…and……lessons about, um, the virtues of freedom and independence while being generous and compassionate with others.