Cold realities await Gov. Sarah Palin in Alaska

(ALBUQUERQUE, N.M.) Gov. Sarah Palin, heralded by some conservatives as the future of the Republican Party, faces some cold political realities in present-day Alaska.

Within days of the McCain-Palin ticket's defeat earlier this month, the unsuccessful GOP vice presidential nominee capped her tumultuous two months on the campaign trail with a whirlwind series of national media interviews and a headline-grabbing appearance at the Republican Governors Association meeting in Florida.

Now it's back to her day job at the state capital in Juneau.

Palin's state budget proposal is due in a month, with plummeting oil prices slashing Alaska's revenues by billions of dollars.

The 1,700-mile natural gas pipeline she bragged about on the campaign trail — "We began a nearly $40 billion-dollar natural gas pipeline to help lead America to energy independence," she said at the Republican National Convention — is nowhere near being built.

Some hard feelings linger over her administration's initial decision to ignore subpoenas in the investigation of whether she abused her power in firing the public safety commissioner who wouldn't oust her ex-brother-in-law from his job as a state trooper.