Interviews with advisers to the main 2012 presidential contenders and with other veteran Republican operatives make clear they see themselves on a common, if uncoordinated, mission of halting the momentum and credibility Palin gained with conservative activists by plunging so aggressively into this year’s midterm campaigns.
“There is a determined, focused establishment effort … to find a candidate we can coalesce around who can beat Sarah Palin,” said one prominent and longtime Washington Republican.
“We believe she could get the nomination, but Barack Obama would crush her.” This sentiment was a nearly constant refrain in POLITICO interviews with top advisers to the candidates most frequently mentioned as running in 2012 and a diverse assortment of other top GOP officials.
The stop-Palin talks are by no means coordinated among the various campaigns. But top advisers for most of the 2012 hopefuls told us the candidates — as well as many establishment figures — are fixated on the topic, especially on how to keep her from running or how to deny her the nomination if she does run.
onchalance has turned to alarm among party elites in 2010, as Palin repeatedly showed her clout among a key bloc of anti-establishment conservatives. Obviously relishing her role as a powerful force in GOP primaries, Palin made risky but decisive endorsements for Senate candidates such as Joe Miller in Alaska and Christine O’Donnell in Delaware, both of whom beat establishment favorites but in the process made those states less winnable for the GOP.
http://www.outsidethebeltway.com/republican-establishment-vs-sarah-palin/
She will very likely run as soon as God whispers in her ear that it's time. But it will be as a third party candidate, not on the repub ticket.