Alaska Gov. Sarah Palin announced Friday that she was quitting her job at the end of the month -- unleashing a torrent of speculation about her plans, motivation and the political wisdom of such a seemingly confounding decision.

Speaking from the backyard of her lakefront home in Wasilla, Alaska, Palin suggested that she would remain active in national politics.

"We know we can effect positive change outside of government," she said in making the announcement, flanked by her husband, Todd, and members of their family.

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