SarahPAC

The Anchorage Daily News on SarahPAC:

"From Erika Bolstad in Washington D.C. --

"The report by the New York Post’s gossip column is true: Alaska Gov. Sarah Palin has formed her own political action committee to support like-minded aspiring politicians.

"The PAC has a website, sarahpac.com, which says that the goal of the committee is to 'make it possible for Gov. Palin to continue to be a strong voice for energy independence and reform. … SarahPac will support local and national candidates who share Gov. Palin's ideas and goals for our country.'

"The political action committee registered with the Federal Election Commission Monday night.

"These PACs are pretty common -- Rep. Don Young has one and former Sen. Ted Stevens had one. They’re a way for elected officials to funnel money to other candidates they want to support, often from donors who have already maxed out on the amount of money they can give to the candidates.

"Palin’s PAC joins that of many former vice presidential and presidential contenders with higher aspirations, like Secretary of State Hillary Clinton, who had HillPAC. Gen. Wesley Clark, himself a former presidential candidate, has WesPAC. And then there's one that might be in competition with Palin in 2012: HuckPAC."