Since she opted not to run for the Republican nomination for president, Sarah Palin's contributions to the 2012 campaign have been limited to her commentaries on Fox News.

Though she has yet to endorse a candidate, she has steadfastly maintained that the GOP should avoid coalescing around a single candidate this early in the primary season. She repeated her stance that competition is healthy for the race for president during her 36-minute address to close out CPAC in Washington D.C. Saturday afternoon, but not before warning candidates and their campaigns not to do the work of the "far left and their media allies" by tearing each other apart and dividing the party.

Two years ago at CPAC, Palin's signature line was "How's that hopey, changey thing workin' out for ya?" This address also included some carefully crafted putdowns of President Obama, such as when she said his presidency was a failure of leadership: "We know how to change that, oh yes we do, oh yes-we-can. Hope and change, yeah. You gotta hope things change!"

She also parodied Obama's classic line from his 2004 speech at the Democratic National Convention: "We're not Red Americans, we're not Blue Americans, we're Red White and Blue, and President Obama, we are through with you!"

This article appears in Feb 9-15, 2012.