Back on August 29, James Fallows made an observation about Sarah Palin and about running for President (or Vice President). Here’s how he described the stakes:

If someone is campaigning for the presidency or vice presidency, there’s an extra twist. That person has to have a line of argument to offer on any conceivable issue. Quick, without pausing in the next ninety seconds, tell me what you think about: the balance of relations between Taiwan and mainland China, and exactly what signals we’re sending to Hamas, and what we think about Russia’s role in the G-8 and potentially in NATO, and where North Korea stands on its nuclear pledges – plus Iran while we’re at it, plus the EU after the Irish vote, plus cap-and-trade as applied to India and China, and what’s the right future for South Ossetia; and let’s not even start on domestic issues. And here’s how he described the inevitable outcome:

Let’s assume that Sarah Palin is exactly as smart and disciplined as Barack Obama. But instead of the year and a half of nonstop campaigning he has behind him, and Joe Biden’s even longer toughening-up process, she comes into the most intense period of the highest stakes campaign with absolutely zero warmup or preparation. If she has ever addressed an international issue, there’s no evidence of it in internet-land. >

The smartest person in the world could not prepare quickly enough to know the pitfalls, and to sound confident while doing so, on all the issues she will be forced to address. This is long before she gets to a debate with Biden; it’s what the press is going to start out looking for. This is the spectacle that began today. Update: Here’s Fallows on her interview with Charlie Gibson.