Alaskan Governor Sarah Palin announced Friday that she would be resigning her post to possibly pave the way for her presidential bid come 2012.

In a move that shocked the Republicans, Gov. Palin announced with her family in front of a lake at her home in Wasilla that she would not be runninng for another term as governor of Alaska. The announcement fueled speculation that Gov. Palin intends to run for the top post of the country in 2012.

“As I thought about this announcement that I would not seek re-election, I thought about how much fun other governors have as lame ducks: They maybe travel around their state, travel to other states, maybe take their overseas international trade missions,” she said.

“I’m not going to put Alaskans through that,” she continued. “I promised efficiencies and effectiveness. That’s not how I’m wired. I’m not wired to operate under the same old politics as usual.”

Here’s the video of Gov. Sarah Palin speech (part 1):

and Part 2:

(via TPM TV and CNN)