"I don't think she could beat President Obama," Biden said on Morning Joe, after his laughter subsided. "But, you know, she's always underestimated, so I think I shouldn't say any more."
Speaking to Larry King, Biden acknowledged Palin's influence in the Republican Party, adding that she could stand a good chance of winning the nomination. "I personally like her," he said. "She's an appealing person."
[TPM SLIDESHOW: Governor Sarah Palin: A Long Goodbye]
But in reality, Biden doesn't think she stands a chance.
"I think, in that race, it would be a clear, clear choice for the country to make, and I believe President Obama would be in very good shape."
Watch Biden on Larry King:
And on Morning Joe: