DEMOCRATIC PRESIDENTIAL NOMINEE JOE BIDEN.

SO LOVELY TO HEAR YOU.

I THINK HEARING YOU TALK BEFORE THE BREAK WOULD HAVE BEEN A

GREAT COMFORT, SO MANY PEOPLE HAVE FELT IT.

LET'S TALK ABOUT THE RATES.

YOU'VE GOT THE NOMINATION BUT YOU'RE NOT ALLOWED TO LEAVE YOUR

HOME.

CAMPAIGNING IS ALL ABOUT REALLY GETTING OUT THERE AND GETTING

YOUR MESSAGE OUT THERE, SHAKING HANDS, KISSING BABIES, ALL OF

THOSE THINGS.

WHAT'S YOUR PLAN TO TRY AND CONVINCE THE AMERICAN PEOPLE

THAT YOU SHOULD BE THE NEXT PRESIDENT OF THE UNITED STATES

WHILST YOU'RE IN YOUR BASEMENT?

>> WELL, BY TRYING TO USE THE TECHNOLOGY OUT THERE, I CAN'T

GET OUT AND SHAKE HANDS -- LOOK, I'M A TACTICAL POLITICIAN.

I LIKE TO BE OUT THERE BECAUSE PEOPLE WHEN YOU LOOK THEM IN THE

EYE, THEY TELL YOU THEIR PROBLEMS AND WHAT THEY'RE ANGRY

ABOUT.

TO ME, IT'S BEEN THE GREATEST LEARNING EXPERIENCE OF MY

CAREER.

BUT I HOPE WE'RE NOT MASTERING BUT GETTER BETTER AT DEALING

WITH TECHNOLOGY.

WE HAVE IN THE LAST SEVERAL WEEKS, THEY TELL ME OVER I THINK

IT'S 50 MILLION PEOPLE HAVE WATCHED SOME PORTION OF

SOMETHING WE'VE DONE, AND THINGS KEEP MOVING ALONG.

I THINK IT'S IMPORTANT, WHAT I HOPE TO BE ABLE TO DO, AT LEAST,

IS TO BE ABLE TO, IN FUTURE BROADCASTS AND IN FUTURE DIRECT

APPEALS AND/OR DISCUSSIONS WITH THE PUBLIC, BE ABLE TO DO IT

PHYSICALLY OUTSIDE.

>> James: YEAH.

I THINK IT'S BETTER TO DO IT OUTSIDE WHERE THE SUN'S SHINING

OR THE WIND'S BLOWING AND, YOU KNOW, JUST FEEL MUCH MORE

NATURAL.

BUT IN THE MEANTIME, I'M JUST GOING TO USE WHATEVER MEANS

THERE IS AVAILABLE ON THE INTERNET AS WELL AS ON THE NEWS

MEDIA TO BE ABLE TO MAKE MY CASE.

>> James: WELL, YOU'RE LOOKING VERY WELL.

I WILL SAY YOU LOOK VERY GOOD IN THE BASEMENT.

YOU'RE LOOKING VERY, VERY WELL UNDER --

>> I WORK OUT EVERY MORNING.

I GET A CHANCE TO ACTUALLY -- I'M PROBABLY IN BETTER SHAPE NOW

THAN WHEN I WAS ON THE ROAD.

>> James: FANTASTIC.

NOW, EVERYBODY IS TALKING AND WONDERING ABOUT WHO YOUR RUNNING

MATE IS GOING TO BE.

I'VE HEARD, AS AN EXCLUSIVE ON THIS SHOW, YOU'RE GOING TO TELL

US WHO IT IS.

WHO'S IT GOING TO BE?

>> WELL, I'VE GOING TO TELL YOU IF YOU KEEP IT GUY SHEET OKAY.

HONESTLY, LITERALLY NO ONE IS WATCHING THIS.

>> OKAY, JULIA LOUISE DREYFUS IS GOING TO BE MY PERSON.

I THINK SHE HAS ALL THE EXPERIENCE IN THE WORLD.

I'M NOT SURE SHE'LL DO IT, BUT THAT'S MY CHOICE, THAT'S WHO I'M

GOING TO PICK.

>> James: IN ALL SERIOUSNESS, ANSWER ME THIS -- I KNOW YOU

CAN'T TELL ME WHO IT IS -- BUT HAVE YOU --

>> I DON'T KNOW WHO IT IS YET.

>> James: BUT HAVE YOU HAD CONVERSATIONS WITH A LIST OF

THREE, FIVE?

HOW DOES IT WORK?

>> WELL THE WAY IT WORKS IS IN PAST PRESIDENTS FROM DEMOCRAT

AND REPUBLICAN -- OR NOMINEES, I SHOULD SAY -- HAVE GONE OUT AND

THEY PUT TOGETHER A COMMITTEE, AND THEN, AT THE END OF THE DAY,

MOST OF THE PRESIDENTS IN THE PAST HAVE HAD A GROUP OF THREE

OR FOUR PEOPLE WHO TO THE INTERVIEWING OF THESE

INDIVIDUALS, WHEN YOU NARROW IT DOWN TO, I'M GUESSING, I DON'T

KNOW, SOMEWHERE BETWEEN TWO AND FIVE PEOPLE.

AND, SO, WE'RE GOING TO PROBABLY BE ANNOUNCING THE SETTING UP OF

THAT COMMITTEE, WHICH WE'RE DOING NOW, PICKING THE PEOPLE

WHO AGREE TO SERVE ON IT, AND WE'LL BE ANNOUNCING THE

FORMATION OF THAT PROBABLY BY -- I ASSUME BY MAY 1, WE'LL HAVE

THAT DONE, AND MY GUESS IS IT'S GOING TO TAKE UNTIL SOME TIME IN

JULY, WE'VE NARROWED IT DOWN AFTER THE BACKGROUND CHECKS AS

TO WHO THE ONE, TWO, THREE PEOPLE ARE WHO MAY BE -- AND

HUNT AT THAT POINT.

>> James: WHAT QUALITIES ARE YOU LOOKING FOR IN THIS PERSON?

>> THE FIRST AND MOST IMPORTANT QUALITY IS SOMEONE, WHO IF I

WALKED AWAY MIDDLE EAST FROM THE OFFICE FOR WHATEVER REASON THAT

THEY COULD BE PRESIDENT, AND THE PUBLIC LOOK AT THAT PERSON AND

SAY SHE IS CAPABLE OF BEING PRESIDENT OF THE UNITED STATES

TOMORROW.

THAT'S NUMBER ONE.

NUMBER TWO, THE ONLY THING I KNOW A LITTLE BIT ABOUT IS THE

VICE PRESIDENCY, AND I KNOW HOW IT WORKED WITH BARACK AND ME,

PRESIDENT OBAMA AND ME, AND THAT IS HIS ADVICE TO ME AND HE TOLD

ME AT THE TIME WAS PICK SOMEONE WHO HAS SOME BACKGROUND OR

COMPETENCE THAT MAY NOT BE YOUR STRONG POINT, MAKE SURE THAT

YOU'RE ABLE TO MAKE UP FOR EACH OTHER'S WEAKNESSES.

I MADE UP FOR VERY FEW OF HIS WEAKNESSES, HE MADE UP FOR A LOT

OF MINE.

BUT TO MAKE SURE THERE'S SOMEONE WHO HAS COMPETENCE IN AREAS YOU

CAN DELEGATE PRESIDENTIAL AUTHORITY TO THAT PERSON, LIKE

THE PRESIDENT DID WITH ME IN RECOVERY ACT, WHICH WAS ALMOST

$850 BILLION, FOREIGN POLICY POLICY ISSUES, ARMS CONTROL,

THAT KIND OF THING.

SO YOU KNOW, WHEN THE PRESIDENT KNOWS WHEN THEY SEND THE

VICE PRESIDENT, EVERYONE KNOWS, WHEN THAT VICE PRESIDENT SPEAKS,

THEY SPEAK FOR THE PRESIDENT, AND THAT THIRD THING IS

REQUIRED, THEY HAVE TO BE INTELLECTUALLY SYMPATICO, YOU

HAVE TO BE ON THE SAME WAVELENGTH.

NOW, BARACK AND I NEVER DISAGREED ON THE STRATEGY, WE

SOMETIMES DISAGREED ON TACTIC, AN THAT'S WHEN THE THIRD -- THE

FOURTH REQUIREMENT, SOMEONE YOU COMPLETELY TRUST, BECAUSE BARACK

AND I, THE PRESIDENT AND I WOULD HAVE LUNCH ONCE A WEEK, AND

BEFORE THAT, WE WERE IN A SITUATION WHERE HE ASKED THAT

I -- ASKED DID I HAVE ANY REQUIREMENTS AND DID HE HAVE ANY

REQUIREMENTS.

AND HE SAID, YES, I WANT TO MAKE SURE.

AND I SAID WHY ME?

HE SAID BECAUSE I KNOW YOU WON'T BE INTIMIDATED BY THE OFFICE,

YOU'LL ALWAYS TELL ME WHAT YOU BELIEVE.

SO IT SHOULD BE SOMEONE YOU HAVE CONFIDENCE IN AND HAVE STRENGTHS

YOU DON'T HAVE.

ALL THE PRESIDENTS I WORKED WITH HAD CONFIDENCE TO PICK PEOPLE

WHO ARE REALLY BREAK, WHO ARE PEOPLE THAT MAY HAVE A

CONFIDENCE THEY DIDN'T POSSESS GOING INTO THE OFFICE AND NOT BE

AFRAID TO PICK PEOPLE WHO YOU CAN LOOK TO AND SAY I DIDN'T

KNOW THAT.

SO THAT'S WHAT I'M LOOKING FOR.

>> James: DID IT PLAY ON YOUR MIND?

IS IT SOMETHING YOU CONSIDERED, SHOULD YOU BECOME THE PRESIDENT

OF THE UNITED STATES, HAVE YOU GIVEN ANY THOUGHT TO HOW LONG

YOU WOULD WANT TO BE THE PRESIDENT OF THE UNITED STATES

AND DOES THE CHOOSING OF YOUR RUNNING MATE ENTER YOUR HEAD

WHEN YOU WERE THINKING, WELL, I MIGHT ONLY DO ONE TERM, BECAUSE

THAT'S SOMETHING PEOPLE ARE TALKING ABOUT ON THE INTERNET.

>> I PROMISE I WON'T SERVE MORE THAN THREE TERMS.

( LAUGHTER ) LOOK, TWO THINGS.

NUMBER ONE, I DON'T KNOW WHAT THINGS ARE GOING TO BE LIKE IN

THREE YEARS, AND -- IN TERMS OF WHAT THE STATE OF THE NATION

WILL BE, AND I ALSO KNOW, IF I SAY I'M ONLY GOING TO SERVE FOUR

YEARS, YOU'RE MIDDLE EAST A LAME DUCK PRESIDENT AND EVERYTHING

CHANGES.

SO THE AMERICAN PUBLIC SHOULD HAVE CONFIDENCE, I WILL BE

COMPLETELY, THOROUGHLY CANDID WITH THEM ABOUT THE STATE OF MY

HEALTH, THEY WILL BE ABLE TO JUDGE MY ENERGY LEVEL, THEY WILL

BE ABLE TO MAKE THAT JUDGMENT, AND WE'LL MAKE THE DECISION

THREE YEARS OUT, PRESUMPTION, ASSUMING I'M THE NEXT PRESIDENT.

>> James: BACK WITH MORE TO HAVE THE "THE LATE LATE SHOW,"

EVERYBODY.