She’s trying to cover both possibilities. Let’s face it. She’s a congresscritter. They don’t get nominated very often and they win even less often. She’s not stupid so she’s banking on VP. She also knows that if Palin runs, Palin will not pick a female VP.
Palin might not want a female Veep, but she’ll have a cabinet. Secretary of the treasury? There are many influential roles she can fill, just as Barack Obama and his czars have filled the Fedguv with foolishness today.