WASHINGTON (CNN) – Gov. Sarah Palin announced Friday that she will step down as Alaska's chief executive by the end of the month. She will not seek election to a second gubernatorial term in 2010.
Palin, a Republican, was elected governor in 2006. She was tapped as Arizona Sen. John McCain's vice presidential running mate last year.
Palin said she was transferring authority to Lt. Gov. Sean Parnell, who will be sworn in on July 26.
"People who know me know that besides faith and family, nothing's more important to me than our beloved Alaska," Palin said at an announcement from her home in Wasilla.
"Serving her people is the greatest honor I could imagine."
Palin added in a statement that she was "determined to take the right path for Alaska even though it is not the easiest path. ... Once I decided not to run for re-election, I also felt that to embrace the conventional 'Lame Duck' status in this particular climate would just be another dose of 'politics as usual,' something I campaigned against and will always oppose."
A Republican source close to Palin's political team told CNN's John King that it was a "calculation" she made that "it was time to move on."
The governor's "book deal and other issues" were "causing a lot of friction up" in her home state, the source said, adding that he believes that she is "mapping out a path to 2012."
Another source, speaking on the condition of anonymity, said that Palin "thinks she has accomplished goals she has set forward. ... She sees what a positive influence she has had on people's lives from traveling the country in the last year."
As the 2008 GOP vice presidential nominee, Palin has been considered one of the front-runners for the next GOP presidential nomination. Her decision not to seek another term as governor is sure to stoke speculation that Palin is seriously eyeing a run for the White House.
In an interview last month with CNN's Wolf Blitzer, Palin said she was unsure about her re-election bid because she needed to focus on her state and her family.
"So, no decision yet on either 2010 or let alone 2012?" Blitzer asked.
"No decision that I'd want to announce today," Palin responded.
– CNN's Peter Hamby, John King, Mark Preston, and Alan Silverleib contributed to this report.
(Updated at 4:45 p.m. with additional information)
She is preparing for national office. There is no way she is giving up being governor without knowing what her next step up will be.
Certainly more competent than the buffoon we currently have in the White House.
I like her.., Governor Sara Palin of Alaska.., even though I have criticized her in the past. My one question is: .."Why ?". Mike in Montana
She can't fight both the Democrats AND the liberal Republicans at the same time.
She found out ...
I don't understand how ending your tenure as governor before your 1st term is over bodes well for a presidential run.....but that's just me.
Boo Hoo!Glad to see her gone.
That's exactly what CNN is reporting. She is "affecting change" by "taking a stand."
Says the national government is putting a "full-court press" on her and she knows "when to pass the ball for victory."
Within a few weeks, by the governor's picnic at the end of July
Apparently she's quitting before her term is up. If she thinks that is gonna help her in 2012 she's wrong. Because America doesn't need a quitter.
Goood for us
So less than one term as Alaska Governor is enough to run for President??? This woman really needs to go away.
Now if we could just get Obama to do the same thing.
At least she has more experience than Osama Bin Barack!!
Ok... So Obama is getting a free ride in '12, so it looks.
When will Jindal and Pawlenty step down (or getcought up in scandal)?
I wonder if there is a scandal. I would bet something is stinky in Denmark
There is a god! Maybe she could also step out of politics since she is useless. Run for presidency? Come on, we'd have a better chance having the Octomom run the country than Palin...
Ding, dong, the witch is dead. Which old witch? The wicked witch.
Ding, dong the wicked witch is dead.
You can always tell when the loony libs are intimidated and running scared when they resort to their usual juvenile personal whining.
Alaska's loss is the country's gain.
I know she dont think she is going to run for president after quiting her job in Alaska, if you cant handle Alaska, how in the hell do you think you can run the entire country.. But then again, I hope the republicans do pick her for the nominee in 2012. Please do.. What a joke..
There's a lot of hurtful words being said. Chill out people.
Nice to see the sexist mindset of the left who hate women coming alive on this board.
Would you rather have a Governor in 2012 or someone who pals with Hugo Chavez and Fidel Castro, bankrupting our country, giving away our freedoms and pissing on the constitution. I will take the governor.
Goodbye you awful, awful woman. I hope this kills her 2012 ambitions.
She did something !!!! You just don't up and resign for no reason at all. She couldn't possibly run for President in 2012 if she can't even complete a term as governor.
Palin has more experience in her little finger than Hussein does any day.