During an appearance on Fox News' "On the Record with Greta Van Susteren," Palin was asked if she would have advised Romney to speak at the conference, where the audience booed the presumptive Republican nominee for pledging to repeal Obama's health care law.
"Heck yeah, I am so glad he went there," Palin said.
When Van Susteren asked the former Alaska governor what she thought of Pelosi's suggestion that Romney had "calculated" the negative response, Palin said the congresswoman was "paranoid."
"You know what they would say if he didn't show up," Palin said. "They would say he's racist and chose not to speak to this group. You know, that is one paranoid politician who would take such a stretch there ... and accuse him of this false accusation."
Pelosi is a frequent target of Palin's ire. Last month, Palin called the California congresswoman a "dingbat" during an appearance on Fox News' "Hannity."
Earlier in the interview, Palin weighed in on the rumor that former Secretary of State Condoleezza Rice is on Romney's short list for a potential running mate. Palin, who ran alongside John McCain in 2008's presidential race, said that while she does not agree with Rice's "mildly pro-choice" stance on abortion, she believes Rice would be a good candidate for vice president.
"I would certainly prefer a presidential and vice presidential candidate who had that respect for all innocent precious purposeful human life and showed that respect via being a pro-life candidate," Palin said. "We need to remember, though, that it's not the vice president that would legislate abortion and that would be Congress' role."
She continued: "Condoleezza Rice is very experienced, especially in foreign policy, having served under George Bush. I think her credentials far surpass Barack Obama and Joe Biden."
Watch Palin's full appearance: