Finita la commedia. Many things ended on Tuesday evening when Barack Obama was elected the 44th president of the United States, and depending on how you voted you are either celebrating or mourning this weekend. But no matter what our political affiliations, we should all -- Republicans and Democrats alike -- be toasting the return of Governor Sarah Palin to Juneau, Alaska.

The Palin farce is already the stuff of legend. For a generation at least it is sure to keep presidential historians and late-night comedians in gainful...