Internships over G.P.A.??

So, you're fresh out of college and looking for a job. You have a 3.5 G.P.A.... but no internship or experience. What do you think will be more of a factor when trying to find a job??? You're G.P.A., or your previous related work experience??? Well, before it would've been your G.P.A., but today students are saying that the top question on any employer's mind is about your internship, or experience. For student who held full time jobs while going to school, an internship may not have seemed practical at the time, but now they're really kicking themselves for it. So what do you think should be more important?? or should they be equally important??? I would like to know your opinions!!