Palin was interviewed by Chris Wallace on Fox.  
Despite being unqualified to comment on anything politically given her well-known ignorance, no, stupidity, Palin was asked about 2012 and Obama's chances for re-election.  Her answer is shocking.

The transcript here.

WALLACE: I know that three years is an eternity in politics. But how hard do you think President Obama will be to defeat in 2012?
PALIN: It depends on a few things. Say he played, and I got this from Buchanan, reading one of his columns the other day. Say he played the war card. Say he decided to declare war on Iran, or decided to really come out and do whatever he could to support Israel, which I would like him to do. But that changes the dynamics in what we can assume is going to happen between now and three years. Because I think if the election were today, I do not think Obama would be re-elected.
But three years from now things could change if on the national security threat --
WALLACE: You're not suggesting that he would cynically play the war card.
PALIN: I'm not suggesting that. I'm saying, if he did, things would dramatically change if he decided to toughen up and do all that he can to secure our nation and our allies. I think people would perhaps shift their thinking a little bit and decide, well, maybe he's tougher than we think he is today. And there wouldn't be as much passion to make sure that he doesn't serve another four years --
WALLACE: But assuming he continues on the path that he going on and we don't have that rally around the flag (ph) --
PALIN: Then he's not going to win.
WALLACE: Not going to win?
PALIN: He's not going to win. If he continues on the path that he has American on today -- and here's the deal -- that's what a lot of Americans are telling him today and he's not listening. Instead he's telling everybody else, listen up and I'll tell you the way it is.
Well, we have a representative form of government in our democracy.
And we want him and we want Congress to listen to what those things are that we are saying. And that's what the Tea Party movement is about, too. It's not a well-oiled beautiful machine.
It's the people saying, please hear us. Congress, you have constitutional limits and we want you to adhere to those. We have free market principles that built out country. Mr. President, we want you to remember those. We want you to look back on successes in history, like what Reagan did in times of crisis. And, could you repeat those things because they are proven to succeed.

1. Why is she taking advice from draft-evader Pat Buchanan (who avoided serving because of "Reiter's syndrome")?

1. Where is the outrage for the levity that Palin uses to talk about war?

It's not a card that is "played".

War is not about victory or defeat but about death and the infliction of death. It represents the total failure of the human spirit. - Journalist Robert Fisk, PhD

There are 70 million people living in Iran (as of 2008 estimates).  
What have these people done, Ms. Palin, to have their bodies shredded by bombs and bullets, their limbs broken?  
Why do you wish upon them starvation, dehydration, amputation, disability, disease, rape, looting, poverty, disruption of education?
As a mother of a soldier, she should know this better than most.  We saw her pander to the troops during her TEA party convention speech. [Personally I don't believe that our freedoms come from or are protected by soldiers.]  Were Palin's son to return home in a flag-draped coffin, dead from fragging, enemy fire, or friendly fire, would she maintain her fatuous position that war is a card game?

1. Does Palin have any idea what wars cost in terms of human lives?

Over a million people have died in Iraq since America invaded.  That's more than four times than the number of people killed in the Tsunami, more than four times than the number who have died in Haiti.
Stiglitz and others have estimated that the American war against the people of Iraq will cost between 2-3 trillion dollars--money that we are borrowing and will have to pay off.

1. Presidents don't declare war.  Congress does.

Does Palin have any idea of how many soldiers have been killed or maimed?
Has she visited any wounded soldiers or cemeteries where the soldiers are buried (other than for photo-opportunities)?
I realize that images and knowledge of the carnage of war are sanitized from ever entering the public consciousness.  That's intentional.  The political leaders and war profiteers want to continue sending young people to kill and be killed, all in the name of profits.  And for what?

These conservatives are really something, aren't they? They are all in favor of the unborn, they will do anything for the unborn, but once you're born, you're on your own! Pro-life conservatives are obsessed with the fetus from conception to nine months. After that they don't want to know about you, they don't want to hear from you . . . no neo-natal care, no day care, no head start, no school lunch, no food stamps, no welfare, no nothing! If you're pre-born, you're fine. If you're pre-school, you're fucked.

Conservatives don't give a shit about you until you reach military age. Then they think you are just fine, just what they've been looking for. Conservatives want live babies so they can raise them to be dead soldiers.
Pro-life... these people aren't pro-life, they're killing doctors! What kind of pro-life is that? They'll do anything they can to save a fetus, but if it grows up to be a doctor they just might have to kill it? They're not pro-life. You know what they are? They're anti-woman. Simple as it gets, anti-woman -- they don't like them. They don't like women. They believe a woman's primary role is to function as a broodmare for the state. Pro-life, you don't see many of these anti-abortion women volunteering to have any black fetuses transplanted into their uteruses, do you? No, you don't see them adopting a whole lot of crack babies, do you? No, that might be something Christ would do! And you won't see a lot of these pro-life people dousing themselves in kerosene and lighting themselves on fire. You know, morally committed people in South Vietnam knew how to stage a god-damned demonstration, didn't they? They knew how to put on a fuckin' protest. Light youself on fire! Come on, youmoralcrusaders, let's see a little smoke to match that fire in your belly

transcript of Carlin's "Back in Town"
Few have written about the waste of war as eloquently as Chris Hedges, author of War Is A Force That Gives Us Meaning:

The vanquished know the essence of war - death. They grasp that war is necrophilia. They see that war is a state of almost pure sin with its goals of hatred and destruction. They know how war fosters alienation, leads inevitably to nihilism, and is a turning away from the sanctity and preservation of life. All other narratives about war too easily fall prey to the allure and seductiveness of violence, as well as the attraction of the godlike power that comes with the license to kill with impunity.
But the words of the vanquished come later, sometimes long after the war, when grown men and women unpack the suffering they endured as children, what it was like to see their mother or father killed or taken away, or what it was like to lose their homes, their community, their security, and be discarded as human refuse. But by then few listen. The truth about war comes out, but usually too late. We are assured by the war-makers that these stories have no bearing on the glorious violent enterprise the nation is about to inaugurate. And, lapping up the myth of war and its sense of empowerment, we prefer not to look.