When Sarah Palin sat down and figured out the finances, she realized that $125,000 a year minus $600,000 plus whatever other ethics violations were in the works means that she will end up with a net loss of at least $475,000. That's some fine reward for a great governor isn't it? And that's lowballing it.
Pro rate it like this:
4 years as Governor $500,000
Current ethics costs -$600,000
Projected new ethics costs -$400,000
Then take into consideration the hits on her children.
Palin's choice: Be Governor of Alaska and take a hit of over half a mill while having her children abused ruthlessly in the press or quit and make $5,000,000 on a book plus whatever else she makes on the speaking circuit.
You do the math. If you were her, wouldn't you quit, too?
Jay Tea on Wizbang writes:
At that point, she had run up about half a million dollars in legal bills, and pretty much every single complaint had been tossed. In other words, she had incurred debts equal to twice her family's net income and 40% of their net worth for absolutely nothing. And with the latest complaint going after her legal defense fund, it was shaping up to get more and more and more expensive, with no relief in sight. The agenda of her opponents was clear: to use Alaska's flawed ethics laws (the "flaw" being that no one foresaw a cabal filing an endless chain of worthless complaints purely to drive up the target's legal bills) to bankrupt her and her family.Josh Painter writes: "The aim of her political opponents has always been to destroy Sarah Palin any way they can. So they staged an all-out assault not only on her character and her family, but on her personal finances as well."
After further research (I go directly to the baracuda's mouth to confirm my analysis):
"The critics want to put you on a course of personal bankruptcy, so you can't afford to serve," she said, calling the attacks "bull crap," Sarah Palin told Fox News. That confirms the money analysis.
Palin's lawyer told CNN "off-color jokes by talk-show host David Letterman contributed to her decision to step down." That confirms the kid analysis.
John Ziegler says it best:
The bottom line is that Sarah Palin resigned simply because she was no longer allowed to do her job in a way that benefited her state and family. She saw that if she stayed on as Governor it would cost the state millions of dollars in wasted time and resources and doom it to gridlock. She knew that it would also continue to cost her family hundreds of thousands of dollars to defend against false and maliciously filed ethics complaints. And she had simply had enough of her children being fodder for inappropriate public attacks.Like I said in a previous blog, this cannot be answered by pundits. It can only be answered by Palin herself.
Confused political pundits need to stop guessing, take off the thick framed glasses and get rid of the pocket protectors because in the real world money talks and "bull crap" walks.