Allahpundit gets deep in the weeds:
It’s not a done deal that he’s running. He had to scrounge for funds to keep his campaign going two years ago and he just took out a huge mortgage to build his new home in Florida, so unless he’s got evangelical leaders ready to help him pass the collection plate around, money is a major issue. Even so, if Palin decides not to run and Mitt looks like a prohibitive frontrunner early, does anyone seriously think he won’t jump in? Social conservative votes will be there for the taking, and you know he’s just itching to vanquish that pointy-headed white-collar Romney who went to all the right schools n stuff. If Palin does run then his decision is tougher, since the longer he waits, the more time she’ll have to solidify her support among the same constituencies he’s targeting. Of course, jumping in early might not help against her either. Huck acknowledged a few weeks ago that she could run away with the whole thing, and I’m guessing he wouldn’t be thrilled with an outcome whereby he and she enable a Romney victory by splitting base voters.