Newsbusters has the transcript and video,
MATTHEWS: Well, let me ask you about the prospects we’re looking at as an American. We’re looking at the map of the world right now and where Egypt sits in the world. It’s so strategically located. It has, of course, the Nile River. It has, of course, the Panama Canal.
It is, of course, the kind of mistake anyone can make on the air. But it’s true — if Palin made it, it would be proof of stupidity. So, goose, meet gander.
Slip of the tongue, by the guy who demands 100% perfection 100% of the time by conservatives.