A Republican governor is stepping down and it isn't Mark Sanford.
Sarah Palin today announced she will resign as governor of Alaska on July 26.
Listen to Palin's speech: Part 1 and Part 2. Or read the transcript here.
"I know when its time to pass the ball for victory," she says. "America is now more than ever looking north to the future."
She makes multiple references to "wasteful" ethics investigations. Which makes me wonder - what's coming next? Or, as Josh Marshall at Talking Points Memo puts it: What shoe is about to drop?
Update: Matthew Cooper at Atlantic offers three theories for Palin's sudden resignation: 1. More bad news coming. 2. She wants money. 3. She's completely impulsive. None of options excludes the others, of course.