Sarah Palin forms a PAC



Like others presumed to have their eye on the party nod -- former Massachusetts Gov. Mitt Romney and Arkansas ex-Gov. Mike Huckabee -- Palin has set up a PAC -- SarahPAC.

The creation of such a financial entity commits her to nothing. But such a political action committee will allow Palin to position herself to compete by legally collecting donations to travel and speak on her own behalf. (Iowa is a long snow machine ride from Wasilla, Alaska.)

It also will permit her to raise and distribute campaign donations to like-minded GOP supporters seeking office...

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