Palin Announces She's Not Running For President

October 5, 2011 Updated Oct 5, 2011 at 6:38 PM EDT

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Palin Announces She's Not Running For President

October 5, 2011 Updated Oct 5, 2011 at 6:38 PM EDT

Sarah Palin is not running for president.

The former Republican vice presidential candidate, in a statement sent to TIME, said she will not seek the 2012 Republican nomination.

“After much prayer and serious consideration, I have decided that I will not be seeking the 2012 GOP nomination for President of the United States,” Palin's statement reads. "As always, my family comes first and obviously Todd and I put great consideration into family life before making this decision. When we serve, we devote ourselves to God, family and country. My decision maintains this order.”

Read the entire statement and the TIME.com story HERE.