Be very afraid, if you are smart enough to listen to what TNR's Chris Orr repeats via a smart Alaskan friend:
Sarah Palin is a living reminder that the ultimate source of political power in this country is not the Kennedy School or the Davos Summit or an Ariana Huffington salon; even now, power emanates from the electorate itself. More precisely, power in 2008 emanates from the working class electorates of Pennsylvania and Ohio. Sooner or later, the Obama camp will realize that the beauty pageant queen is an enormously talented populist in a year that is ripe for populism. For their own sake, it had better be sooner.
Read the whole thing.