Last Spring in New Orleans, Jonathan Martin and I picked up a very clear sentiment from Republican activists about Sarah Palin, reporting from the Southern Republican Leadership conference that "the wide admiration for Palin among the rock-ribbed Dixie Republicans gathered in the room wasn't matched by a confidence that she was ready to run." Jeff Zeleny picks up something very similar at the Reagan Library this weekend: Roy Billings, a Reagan admirer and a longtime contributor to the [Young America's Foundation], said he liked Ms. Palin a great deal, but he hoped that she would not run for president in...