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)
Note to Sarah Palin...GO AWAY...FAR AWAY!
I agree with Cardinal. What was she caught doing? I can't wait to hear the news. It's a great day for all Alaskans!
She's quitting because there must be a hidden scandal
First time I ever looked at one of these CNN blobs, what a bunch of hate, you guys are amazing! The liberal mind I will never understand, oh I get it there IS no mind!
Seems like she resigned because she couldnt handle the pressure.
If she cant handle it on Alaska, how does she expect to run for president, especially on the primaries?
She is so power hungry? The hypocrisy of that statement is laughable. And the current Dictatorship in the White House doesn't?
Ah, I get it - she's quitting her job as governor so she can "pal around with terrorists"!!!!!!!!
Let me make this clear as possible and I hope Sarah Palin sees this or at least somebody who is close enough to her who has some grip of reality, isn't, nor will she ever be, ready to be President of THESE United States, PERIOD and somebody in the Republican party, like Rush Limbaugh, Dick Cheney, George Will, etc., needs to tell her in no uncertain terms. Clearly, she can't believe the hype of the last campaign! McCain can't even support her. Geez, Sarah, put the pipe down, girl!
You libs are pathetic...
Despite what people may think of the governor, she has certainly sparked a lot of interest in what it means to be a woman in high political office while trying to balance her family life and facing a sometimes cruel media. I think her stepping down is a step backwards.
You liberals suck! Obama is the one who should step down. Look how he is screwing up this country. We should not be celebrating Independence Day, rather we should be celebrating Dependence Day as Obama wants it. Depend on him and government. Palin – best of luck on your future endeavors.
There must be some real dirt about to come out because this media junkie would NEVER leave office willingly.
Maybe she was offered to be president of Honduras lol,
Great day for Alaska.
maybe she has a health problem or her husband
Let's call it what it is...she is QUITING!!!! It probably is the best thing for Alaska, but it bugs me that she makes it sounds like she is doing it for Alaska. She is doing it for herself...serving the rest of her term must be holding back her own ambitions.
She is a quiter. I hope it gets painted that way.
The real story will soon come out, she's either in big trouble or she's going to run for Senator then President! Resigning the Governor, being a Senator, will make her the Presidential GOP leader! .....and loser!
Its a shame when an American gets slammed when they try to serve their country, Sarah, is not a politician, thank goodness she is an American. I am praying she decides to run for President. I would understand if she didn't however. We Americans that are hardworking, we Americans that don't expect a handout, we Americans that take pride in what we have accomplished and built, we Americans that don't talk in political correctness who talk straight and true like it or not, We fellow Americans are routing for Sarah. God Bless you Sarah Palin and God bless the USA.
Good! Maybe now Caribou Barbie will go away forever!
Is her political career now toast? You betcha!
Is her cover up of her daughter's pregnancy of the first baby about to be revealed?
something is up. she got caught doing something... and its just a rumor, but there was something about her 14 yr old preg. i hope not!
but the idea of QUITTING in your first term as Gov.. to run for POTUS?
that makes her a "quitter". i can't imagine that makes sense!
This might have something to do with the legal defense fund she was forced to open in advance of an ethics probe. Adios Sarah. You will not be missed.
Newsflash: Sarah Palin is going to run for a Congressional seat, but she will do it in Texas.
Ok...we're screwed......she's running for president. 2 years of seeing her on the campaign trail and fumbling over meaningful thought and grammatically correct statements
Yayyyyyy – 3 more years of Tima Faye :):):)