MULTIPLE UPDATES: YES! IT'S SARAH PALIN!!

I am ecstatic that Sarah Palin is about to be was selected for McCain's VP pick. It is a bold move I was hoping for, but quite honestly did not expect McCain to make--but the fact that he did has me enthusiastic for this ticket for the first time since it became apparent that McCain would be the nominee.

Short video from Palin's big moment here via Allah:



Here is a recent interview of Palin by Larry Kudlow (h/t Glenn and sisu):



Read sisu's commentary also.

Formal announcement to come within the hour. That giant hissing sound you hear is hot air rapidly escaping from the Obama balloon.

UPDATE: The Obama campaign has already come out with what can only be called a cheap shot and partisan smear on Palin (did they forget she has been a Governor of the largest state in the Union for the last two years?):

“Today, John McCain put the former mayor of a town of 9,000 with zero foreign policy experience a heartbeat away from the presidency. Governor Palin shares John McCain’s commitment to overturning Roe v. Wade, the agenda of Big Oil and continuing George Bush’s failed economic policies — that’s not the change we need, it’s just more of the same,” said spokesman Bill Burton.

Ed Morrissey answers the criticism buried in the Obama partisan rhetoric:

First, though, let’s assess the risk. Palin has served less than two years as Governor of Alaska, which tends to eat into the experience message on which McCain has relied thus far. At 44, she’s younger than Barack Obama by three years. She has served as a mayor and as the Ethics Commissioner on the state board regulating oil and natural gas, for a total of eight years political experience before her election as governor. That’s also less than Obama has, with seven years in the Illinois legislature and three in the US Senate.

However, the nature of the experience couldn’t be more different. Palin spent her entire political career crusading against the political machine that rules Alaska — which exists in her own Republican party. She blew the whistle on the state GOP chair, who had abused his power on the same commission to conduct party business. Obama, in contrast, talked a great deal about reform in Chicago but never challenged the party machine, preferring to take an easy ride as a protegé of Richard Daley instead.

Palin has no formal foreign-policy experience, which puts her at a disadvantage to Joe Biden. However, in nineteen months as governor, she certainly has had more practical experience in diplomacy than Biden or Obama have ever seen. She runs the only American state bordered only by two foreign countries, one of which has increasingly grown hostile to the US again, Russia.

And let’s face it — Team Obama can hardly attack Palin for a lack of foreign-policy experience. Obama has none at all, and neither Obama or Biden have any executive experience. Palin has almost over seven years of executive experience.

Politically, this puts Obama in a very tough position. The Democrats had prepared to launch a full assault on McCain’s running mate, but having Palin as a target creates one large headache. If they go after her like they went after Hillary Clinton, Obama risks alienating women all over again. If they don’t go after her like they went after Hillary, he risks alienating Hillary supporters, who will see this as a sign of disrespect for Hillary.

For McCain, this gives him a boost like no other in several different ways. First, the media will eat this up. That effectively buries Obama’s acceptance speech and steals the oxygen he needs for a long-term convention bump. A Romney or Pawlenty pick would not have accomplished that.

Second, Palin will re-energize the base. She’s not just a pro-life advocate, she’s lived the issue herself. That will attract the elements of the GOP that had held McCain at a distance since the primaries and provide positive motivation for Republicans, rather than just rely on anti-Democrat sentiment to get them to the polls.

Third, and I think maybe most importantly, Palin addresses the energy issue better and more attuned to the American electorate than maybe any of the other three principals in this election. Even beyond her efforts to reform the Oil and Natural Gas Commission, she has demonstrated her independence from so-called “Big Oil” while promoting domestic production. She brings instant credibility to the ticket on energy policy, and reminds independents and centrists that the Obama-Biden ticket offers nothing but the same excuses we’ve heard for 30 years.

Finally, based on all of the above, McCain can remind voters who has the real record of reform. Obama talks a lot about it but has no actual record of reform, and for a running mate, he chose a 35-year Washington insider with all sorts of connections to lobbyists and pork. McCain has fought pork, taken real political risks to fight undue influence of lobbyists, and he picked an outsider who took on her own party — and won.

This is change you can believe in, and not change that amounts to all talk. McCain changed the trajectory of the race today by stealing Obama’s strength and turning it against him. Obama provided that opening by picking Biden as his running mate, and McCain was smart enough to take advantage of the opening.

Also from The American Thinker: The Case for Palin

UPDATE: McCain campaign returns fire on the Obama knee-jerk reaction (emphasis mine):

McCain aide Jill Hazelbaker:

It is pretty audacious for the Obama campaign to say that Governor Palin is not qualified to be Vice President. She has a record of accomplishment that Senator Obama simply cannot match. Governor Palin has spent her time in office shaking up government in Alaska and actually achieving results -- whether it’s taking on corruption, passing ethics reform or stopping wasteful spending and the ‘bridge to nowhere.’ Senator Obama has spent his time in office running for President.

MORE: The Editors at NRO weigh in.

Hugh Hewitt: An EXTRAORDINARY Choice. Yes it is.

Mark Levin speaks for the Conservative Wing:

Few have been more critical of Sen. McCain than I, both here and on my radio show. And I have long said on my radio show that his selection of a running-mate will be key in determining my enthusiasm for his candidacy. If McCain has, in fact, chosen Gov. Palin, then count me in with both feet. It would be a terrific choice.

Palin is by all accounts a principled conservative and government reformer who can contribute mightily to the decision-making that occurs in the White House. She has more executive experience in her two years as governor than Obama, Biden, and McCain combined. She is a mother of five in what appears to be a loving and functioning family. And she is someone Republicans, conservatives, and others can rally behind in the future.

From a purely tactical aspect, Palin would knock the legs out from under Obama's monopoly hold on "change." And attacks on her "inexperience" will only highlight one of Obama's greatest vulnerabilities — and he's at the top of the Democrat ticket. And because Hillary Clinton spent months telling women voters that they are being dissed by Obama, some percentage of women who normally would not vote for McCain will take a second look if Palin's on the ticket. There is no question that a Palin selection would cause the Obama camp headaches.

I should add that if Palin is the choice, this also suggests that McCain may not be as stubborn as portrayed — and that's a good thing given his positions on a number of issues that have given conservatives heart-burn. At least it gives us some hope in that regard.