She is strongest as a non-candidate, who can let her potential rivals cut each other up while she hurls broadsides at them from the sidelines. Her “crony capitalism” attack on Perry was a direct hit. There is more ammunition where that came from. Lots of ammunition.

Granted, it’s going to be tricky. She’s going to have to time her entry into the race perfectly. But I think she’s the only Republican who doesn’t have to build an organization. It’s there, waiting for her, in Iowa, in New Hampshire, in every state. About those polls that say she can’t win: Many Republicans believe that the country is turning away from Obama, that he will not be electable come November of 2012, and whoever gets the GOP nomination wins. They may be right. I think Palin is playing her cards very smartly. She has the biggest following of any Republican, by far. She has 100% name identification. She is a free agent. I think she’s intent upon running, and I think Rick Perry had better watch out.