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Palin cracks jokes, thanks Bush and wishes Obama well

Starting her speech to the Republican Governors Association on "Looking to the Future: The GOP Transition," Alaska Gov. Sarah Palin took a cue from her appearance on Saturday Night Live, saying not much had changed in the year since the last conference.

"I had a baby. I did some traveling," she said. "I very briefly expanded my wardrobe. I made some speeches, I met some VIPs, including those who really impact society, like Tina Fey."

Palin also thanked President Bush -- "The greatest measure of a president is whether he protected and defended this great country. He succeeded in keeping America safe from another attack," -- and wished President-elect Barack Obama well.

"If he governs with the skill and the grace and greatness of which he is capable, we’re going to be just fine," she said.