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1:30 AM ET, July 4, 2009

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 Top Items: 
KTUU-TV:
Gov. Sarah Palin to resign her office  —  Updated:  —  ANCHORAGE, Alaska — Gov. Sarah Palin will resign her office in a few weeks, she said during a news conference at her Wasilla home Friday morning.  —  Lt. Gov. Sean Parnell will be inaugurated at the Governor's Picnic at Pionner Park …
RELATED:
Brad Friedman / The BRAD BLOG:
EXCLUSIVE: PALIN RESIGNATION ‘DAMAGE CONTROL’ FOR COMING ‘ICEBERG SCANDAL’ ... MORE: EMBEZZLEMENT INDICTMENTS COMING?  —  [See update below for exclusive source details from Alaska...FURTHER UPDATE now added below: AK sources say ‘embezzlement’ scandal related to Palin's house, federal indictments may be in offing.
William Kristol / Weekly Standard:
Kristol: A Contrarian Take  —  If Palin wants to run in 2012, why not do exactly what she announced today?  It's an enormous gamble - but it could be a shrewd one.  —  After all, she's freeing herself from the duties of the governorship.  Now she can do her book, give speeches …
Erik Sean Nelson / The Huffington Post:
Palin Will Run In '12 On More Retardation Platform  —  In Sarah Palin's resignation announcement she complained about the treatment of her son Trig who always teaches her life lessons.  She said that the “world needs more Trigs, not fewer.”  That's a presidential campaign promise we can all get behind.
Josh Marshall / Talking Points Memo:
First Signs What Happened  —  Okay, we're getting our first indication of what happened.  It seems like a colossal sulk on Palin's part, or perhaps better to say an effort on her part to ingeniously combine anti-liberal media bias agitation with Christianist politics by portraying herself as having been crucified by the liberal media.
The Daily Beast:
Did a Scandal Sink the U.S.S. Palin?  —  Blogs and Stories  —  The suddenness of Sarah Palin's resignation raises questions about whether a coming scandal caused her to leave office.  Max Blumenthal looks at one possibility.  —  Plus: Read more of The Daily Beast's coverage of Palin's resignation and the GOP implosion.
Faiz Shakir / Think Progress:
Did an embezzlement scandal force Sarah Palin to resign?  —  Max Blumental reports on The Daily Beast that Sarah Palin may have quit her job today because she was trying to avert a major, yet-to-be-disclosed corruption scandal.  The gist of the rumor is that an Alaska building company called …
The Huffington Post:
GOP Official Who Emailed With Palin Moments Before Decision, Explains Her Move  —  The head of the Republican Governor's Association said on Friday that in emails sent to him moments before she announced her resignation as governor of Alaska, Sarah Palin discussed expanding the role she played in the Republican Party.
Rachel Sklar / The Huffington Post:
Sarah Palin, You Owe The Media An Apology  —  “I told you so” moments are pretty sweet — and thanks to Sarah Palin, now I've got one.  Ten months to the day after her speech at the Republican National Convention, I would like for this woman to eat her words:
CNN:
Palin won't run for re-election in Alaska, source says  —  WASHINGTON (CNN) — Alaska Gov. Sarah Palin is expected to announce Friday that she will not seek a second term, a Republican source close to Palin tells CNN.  —  Palin has scheduled a 3 p.m. ET news conference at her home in Wasilla.
Michelle Malkin:
But I'm doing what's best for Alaska"  —  Lots of heavy media anticipation over a Sarah Palin announcement expected any minute from Wasilla.  —  Here's CBS: … Feel free to speculate.  —  Allahpundit has a developing round-up; multiple sources reporting that Palin will say she's not going to run for governor again in 2010.
Mark Halperin / TIME.com:
10 Possible Reasons for Palin's Decision  —  1. Her political standing has slipped enough that she could have lost a re-election bid if she tried to retain her current office.  —  2. Her political standing has slipped enough that even if she had run and won, she would have likely been bloodied in the race, maybe even in a primary.
Washington Post:
Palin's Reasons for Stepping Down  —  Visit msnbc.com for Breaking News, World News, and News about the Economy … Some say things changed for me on August 29th last year - the day John McCain tapped me to be his running-mate - I say others changed.  —  Let me speak to that for a minute.
Noel Sheppard / NewsBusters.org:
HuffPoster: 'Palin Will Run In ‘12 On More Retardation Platform’  —  This is about as disgusting as Palin Derangement Syndrome can get.  —  A blog just published at the Huffington Post is disgracefully titled “Palin Will Run In '12 On More Retardation Platform.”
Josh Marshall / Talking Points Memo:
Surreality Only Beginning  —  As David noted below …
Jonah Goldberg / National Review:
A Letter to Sarah
Kimberly Krautter / The Huffington Post:
Sarah Palin — What a Schmuck
Dan Balz / Washington Post:
Analysis: Once Again, the Enigma That Is Sarah Palin Plays It by Her Rules
Discussion: The Campaign Spot
Jonah Goldberg / The Corner:
My Letter To Sarah Palin
Fox News:
Palin Quits as Alaska Governor
Jonathan Martin / The Politico:
Palin announces resignation
Washington Wire:
Transcript of Palin's Announcement
Discussion: Don Surber
CNN:
DNC reacts: Palin decision ‘continues a pattern of bizarre behavior’
Discussion: The Other McCain
Jon Ward / Washington Times:
Powell airs doubts on Obama agenda  —  Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much.
Discussion: Gateway Pundit
Andrew Sullivan / The Daily Dish:
The Miniseries Ends  —  I guessed right, which I suppose reflects just how much time I've spent trying to figure what goes on in her head.  I think the simple truth is that, as even Alaskan Republicans told us last September, she was far from able to be governor of Alaska, let alone vice-president of the United States.
Discussion: Jack & Jill Politics
 
 
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Mark Steyn / The Corner:
Cutting bait  —  With respect to many of the Palinologists below …
Chris McGreal / Guardian:
US freemasons split over black man's admission
Discussion: Truthdig