ABC News' Teddy Davis reports:
Sarah Palin is hammering President Obama for putting unprecedented limits on the use of U.S. nuclear weapons, comparing him to a kid in a playground who is asking for a punch in the face.
"It's unbelievable. Unbelievable," said Palin on Wednesday evening while appearing on Sean Hannity's Fox News program. "No administration in America's history would, I think, ever have considered such a step that we just found out President Obama is supporting today. It's kinda like getting out there on a playground, a bunch of kids, getting ready to fight, and one of the kids saying, 'Go ahead, punch me in the face and I'm not going to retaliate. Go ahead and do what you want to with me.'
"No, it's unacceptable," she continued. "This is another thing that the American public, the more that they find out, what is a part of this agenda, they are going to rise up and they are going to say 'no more.' National security, national defense is the No. 1 job of the federal government."
Palin, who is a Fox News contributor, made her remarks while appearing with Rep. Michele Bachmann, R-Minn., on a special edition of Hannity's program. The conservative Fox News anchor brought his show to Minneapolis and conducted it in front of an enormous audience of people who had just attended a Palin-Bachmann rally.
At one point in the interview, Palin turned to the crowd and asked them if they wanted the U.S. to keep all options on the table when it came to national defense.
The crowd roared its approval of Palin's position.
Switching gears, Hannity asked Palin about embattled Republican National Committee chairman Michael Steele. She was quick to characterize him as a fellow party outsider.
"I think he is doing a great job," said Palin.
While she appeared to reject the idea of dumping Steele part-way through his term, the former Alaska governor did note that his term will be up in a few months.
On the domestic front, Palin warned that President Obama and Democratic leaders in Congress were making good on their promise to fundamentally transform the United States away from its free-market origins.
"Steps towards insolvency. Steps towards socialism with some of their programs," said Palin. "We don't want to see that transformation."
Palin predicted that the press -- which she now regularly refers to as the "lame stream media" -- would get "wee weed up" about her warnings.
"Their heads will spin, and they will tell people that we are fear mongers and that we are exaggerating the state of the union," said Palin. "And yet, this is reality, we cannot keep going down the path were going down."
At the end of the joint interview, Hannity asked the crowd if they would like to see a Palin-Bachmann ticket in 2012.
The audience erupted in cheers.
"As I have said before, I'm not going to close any doors that may be open," said Palin. "Michele and I -- both -- we have strong faith that fighting as hard as we can for our country and supporting those who share our values, share our principles, and, at the same time, putting our lives in God's hands."
Hannity then turned to Bachmann.
"I want to thank Gov. Palin for breaking the barrier," said Bachmann. "She did a wonderful job as the vice presidential candidate and I think the world is her oyster. If she wants to run, I think she will have tremendous support from the American people."
Following the Palin-Bachmann segment, Minnesota Gov. Tim Pawlenty (R) appeared on the program.
Pawlenty is actively laying the groundwork to run for president in 2012 but in contrast to the frenzy generated by Palin and Bachmann, the crowd appeared to have a much more subdued reaction to the state's incumbent governor.
During his interview, Pawlenty said that he had not yet made a final decision about 2012.
He also discussed his plans to sue to stop President Obama's newly enacted health-care law.