Palin's war chest: Is she gearing up for 2012?

Palin's SarahPAC brought in an unprecedented amount of cash last quarter — and some pundits think she's using the operation to build a presidential campaign

Sarah Palin.
(Image credit: Corbis)

Sarah Palin's SarahPAC political organization just had its best quarter yet, bringing in $866,000, spending $742,000, and still holding more than $1 million in the bank. The expenditures — $87,500 to candidates she's supporting, $11,000 for scheduling help, $330,000 in direct-mail and other fundraising costs — reflect a "political operation befitting someone considering a presidential run," says Politico's Kenneth Vogel. Is this evidence that she's running for the top office in 2012? (Watch Newt Gingrich predict Palin would win "in a landslide")

Palin's running, and running strong: "I've always thought Palin would run" in 2012, says Jay Newton-Small in Time, despite the dismissive "MSM group think inside the Beltway." And now she has the money, and string of indebted candidates in key states, to prove the Washington establishment's collective wisdom wrong. In many ways, her opening moves mirror her quirky outsider run for Alaska governor — which, you'll recall, she won.

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