This is a rush transcript from "On the Record ," August 27, 2008. This copy may not be in its final form and may be updated.

GRETA VAN SUSTEREN, FOX NEWS HOST: And joining us live here in Denver is, I don't have to tell you, it's Laura Ingraham. Everybody knows Laura. I do not have to tell you who it is. All right, Laura. Pretty exciting here for the Democrats. Tonight President Clinton addressing them, of course Senator Biden. But tomorrow, that set, Mile High Stadium.

LAURA INGRAHAM: I got the toga ready. Do you have yours ready? Are you going to go in the whole outfit? Are you going to have the whole laurels around your head? I have seen your outfit. Boy, looks great on you.

VAN SUSTEREN: Toga party. All right. What is the set like seriously? Do you know, how it looks?

INGRAHAM: It looks like there are, you know, pretty ornate columns behind Barack Obama. Some people are saying it evokes, you know, the White House or some stately background. But I am more interested in the stage. Have you seen the layout of the stage? It's kind of like a T and it reminds me of the elevation toward that U2 did. You know, when Bono comes out and saying, uno, dos, tres, katorse and then the smoke comes out. And they you have the dry ice and everything. It's going to be wild. There it is. See, the podium is going to rise up. He's going to walk out. And they're going to sing the "Rising" and we'll all going to be, you know, the deification of this whole system. I love it.

Watch Greta's interview with Laura Ingraham

VAN SUSTEREN: As a practical matter, I bet he didn't design this. I bet Senator Obama -

INGRAHAM: Someone did.

VAN SUSTEREN: No, no. And you got the problem with that seal that they have which they -

INGRAHAM: It is creepy. I do not like the insignia either. It looks like some big international forum insignia.

VAN SUSTEREN: You know, why I think this way and as a tactical matter, why he wouldn't have chosen this because he has been hit hard with this celebrity stuff. And he got hit with the Paris Hilton type stuff. And I would want to downplay, rather than feed into my opponent's attack on me.

INGRAHAM: Well, I think it says to everybody, I am special. I am so special, I have to go to a bigger venue than Ronald Reagan, Jimmy Carter, Bill Clinton, George Herbert Walker Bush, and George W. Bush. I am special and that plays in the John McCain ad, the one, and the stage and the lighting and the dry ice.

VAN SUSTEREN: But you know, when you think of how tactically to present this - regrettably a lot of this is P.R., but when you think about this, he's got to show experience and he's got to get away from being poised as a celebrity.

INGRAHAM: It looks a little bit like the staging for, maybe the Grammy Awards or the Academy Awards. I like to watch all of those things but I'm not sure I want that in the White House. I'm hazarding a guess but I don't think Columbus or Dayton or maybe even Pittsburgh want that in the White House. I think it is risky play.

VAN SUSTEREN: Christopher Columbus. Anyway, all right, Laura, thank you.

INGRAHAM: Thanks, Greta.

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