Former Alaska Gov. Sarah Palin broke the news that she will not be a candidate in 2012 on Mark Levin’s nationally syndicated radio show, Jeffrey Lord at The American Spectator reports:
Palin acknowledged the disappointment of her supporters (Matt Drudge e-mailed to say it was a “sad day”) but said the decision had been reached “prayerfully.”
UPDATE: Her e-mail at Mark Levin’s Web site:
October 5, 2011
Wasilla, Alaska
After much prayer and serious consideration, I have decided that I will not be seeking the 2012 GOP nomination for President of the United States. As always, my family comes first and obviously Todd and I put great consideration into family life before making this decision. When we serve, we devote ourselves to God, family and country. My decision maintains this order.
My decision is based upon a review of what common sense Conservatives and Independents have accomplished, especially over the last year. I believe that at this time I can be more effective in a decisive role to help elect other true public servants to office – from the nation’s governors to Congressional seats and the Presidency. We need to continue to actively and aggressively help those who will stop the “fundamental transformation” of our nation and instead seek the restoration of our greatness, our goodness and our constitutional republic based on the rule of law.
From the bottom of my heart I thank those who have supported me and defended my record throughout the years, and encouraged me to run for President. Know that by working together we can bring this country back – and as I’ve always said, one doesn’t need a title to help do it.
I will continue driving the discussion for freedom and free markets, including in the race for President where our candidates must embrace immediate action toward energy independence through domestic resource developments of conventional energy sources, along with renewables. We must reduce tax burdens and onerous regulations that kill American industry, and our candidates must always push to minimize government to strengthen the economy and allow the private sector to create jobs.
Those will be our priorities so Americans can be confident that a smaller, smarter government that is truly of the people, by the people, and for the people can better serve this most exceptional nation.
In the coming weeks I will help coordinate strategies to assist in replacing the President, re-taking the Senate, and maintaining the House.
Thank you again for all your support. Let’s unite to restore this country!
God bless America.
– Sarah Palin
UPDATE II: Memeorandum thread.
UPDATE III: Allahpundit’s happy. But you expected that, right?
Just got off the phone with Michelle McCormick of Organize4Palin, who is in a bar in Clive, Iowa, working up a big bar tab. McCormick says she has “no regrets” about spending months trying to build a grassroots campaign for Palin, and says she will “always have respect for Governor Palin.”
Meanwhile, I just got deadline assignment . . .
UPDATE IV: Lonely Con: “Nicolle Wallace must be so disappointed.” Yeah, and now there’s nothing to stop Palin from suing Joe McGinniss.
UPDATE V (Smitty) 20:09: Here I go,

Veering in the direction of Allahpundit, we can all start working on concession speech suggestions for this year’s Dole/McCain stand-in.
Less snarkily, remember people: it’s the platform, not the candidate. Let’s not go all reverse-Alinsky and overly personalize things. Even His Newtness would be an improvement over the current POTUS, were Gingrich to secure the nomination. Enthusiasm is a fine luxury, but if you’re into politics merely for the hormonal rush, your attention is drawn to a Lady GaGa concert.
UPDATE VI (Smitty) 20:18: Bob Belvedere has a reasonable take:
Needless to say, I’m very disappointed…and very worried because none of the other announced candidates fully understands what bad shape we are in.
Well, maybe, but then the task falls to the Tea Parties to inform them.
UPDATE VII (Smitty) 20:53: A Point of View lists 67 pundits who are not, like me, eating crow.