After checking various news sources and finding them all wanting, content with sensationally giving half-truths and speculation - I read Sarah Palin's actual speech.
The whole thing. You know, in context - which is how you won't get it from the various news sources who have all (ALL! amazing) chosen to pass on an account of the story as ignorant and biased as they are, with the expectation of keeping their readers equally ignorant and biased. So - for those of you willing and interested in doing more than just spouting off more half-truths and speculation, here is the link to Sarah's speech - which most news sources aren't giving out. It hurts their agenda.
Sarah's own words are HERE: http://www.gov.state.ak.us/exec-column.php
And in my own words...liberals who want to gloat should be afraid. Be very afraid. :)