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Ed Rollins, who has run many a Republican campaign, crushed Sarah Palin's decision to quit her job as Alaska's governor on CNN's State of The Union yesterday. He called it a disaster and went as far as saying that he was insulted by it.

I guess she wants to go on the TV and the book tour circuit instead of helping Alaskans who voted her into office. Times are tough right now and she'd rather leave them all behind than try to help them get through this economic meltdown. Rollins didn't pull any punches.

ED ROLLINS, CNN CONTRIBUTOR: I think yesterday was a disaster, Friday was a disaster for her both in the sense that she was very incoherent in articulating why she was quitting and what she wanted to do with it.

And as I always say, you call press conferences to answer questions, not to basically raise questions. I think the serious thing here is 311 days ago, very few people in America, very few Republicans outside of Alaska knew who this woman was. She had a tremendous first few weeks as a campaigner, but she got super imposed on top of the Republican establishment. It's sort of like taking a helicopter and putting her on top of Mt. Everest, which John McCain was flying it.

Everybody else climbed up that ladder, and all of the sudden she's on top of the mountain. She didn't like it -- or she did like the top of the mountain. What she didn't like was coming back to Earth, flying back to Alaska to her job as governor.

I think the reality here is her biggest mistake is walking away from the job as governor. She would have at least had a record to run on. She is going to have a partial record today that's going to be very incomplete. I found her very insulting to other governors. We have 22 other Republican governors, 19 of whom are basically going to be out of this office after running in two years. Nine are term limited and many others have to run. And she basically said in the last year you run around and do all kinds of things, and I would predict to you every single Republican governor like most Democratic governors are at their desk trying to figure out how to get through the economic crisis. I think she insulted them. I think to a certain extent it showed a naivete and I think she basically left a big, big void in her resume.

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What a surprise. Neocon and former Cheney advisor Mary Matalin thinks that Sarah Palin's announcement that she is resigning as Governor of Alaska is just brilliant...brilliant, I tell you. In her world it's a wonderful thing the Governor is cutting and running away from taking care of her state right now which is in a huge mess, and having some time to play politics for 2012 instead.

On the flip side, David Gergen and Ed Rollins think she's toast. I don't always agree with either of them, but I'd take their slant on how this is going to play out before Matalin's any day of the week.

Matalin's hackery and the video of Rollins and Gergen below the fold.

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The panel on Anderson Cooper trashes Bush for his remarks about Katrina during his final press conference. What amazed me the most watching this was this comment by David Gergen during their conversation.

I also think, Anderson, just more broadly, I said on the air the other night here on this program that I thought maybe that people would have some sense of warmth about George Bush as he leaves office, as we traditionally do about departing presidents. I think I was wrong.

The responses on your Web site and elsewhere are very hostile. I must say I am revising my thinking about this. I don't think we have had a time since Richard Nixon left office -- and Ed Rollins will remember that -- a quarter-of-a-century ago when people were so relieved to see the end of a presidency and to welcome in a new president.

Gee..you're just now figuring that out? Really? And it took comments made just this past week for you to come to the conclusion that George Bush isn't liked so well? What kind of bubble must Gergen be living in if what he says is actually true? I call B.S. on this one. I have a very hard time believing that he didn't know full well before this week what the country as a whole thinks of George Bush and it should not have taken him reading some comments on blogs this late in the game the week Bush is finally leaving office for him to have finally figured that out.

Transcript to follow.

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From Late Edition Dec. 21, 2008. Ed Rollins slaps Bush pretty hard for the damage he's already done to our economy.

BLITZER: David Gergen, did President Bush do the right thing by bailing out Chrysler and GM?

GERGEN: Yes. He had backed himself into a corner and had to act and I think Dick Cheney put it well when he said had Bush had not done this, he would have been remembered as the Herbert Hoover of his era.

And it was unfortunate they had to come to this thing. But the real point is here, he's not only been forced to do that, but he has punted this to Barack Obama. Obama now faces a ton of huge decisions in the first 90 days of his presidency. BLITZER: There's no doubt, James, that he did punt in effect because by March 31st, if it doesn't look like it's working out, it is all going to be up to the president-elect and the new Congress to decide what to do.

CARVILLE: They're going to run out of money before March 31st. And right now, auto sales, everybody, doesn't matter, not just American carmakers, Japanese or European carmakers also are down 35, 40 percent. I don't think anybody thinks that is going to change between now and March and David is right, they have the ball and they're going to have to figure out what to do with this and it's going to be quick, very quick.

BLITZER: So Ed Rollins, the $14 or $17 billion in this initial bridge loan as it's called, that could escalate. That could go up to a lot more money given the overall state of the economy and the low demand for new cars right now.

ROLLINS: I think there's no question if you're going to try to save this industry, which is an industry in real problems, you are going to have a lot more money that is going to be thrown at him. I think that's a lot of the objections of the Republicans.

I think the problem the president made here is he let it go to Congress. The Congress, his own party, basically, didn't want it. There's a few weeks before the new president comes in and this president is trying to be relevant. He doesn't want to be Herbert Hoover, he is going to be Herbert Hoover. I don't care what he says, or what Dick Cheney says, this president has damaged this economy and is going to go out with a tarnished record. I think the critical thing here is let the new Congress take charge and let the new president take charge and move it forward. Unfortunately, it is on their watch and it is a mess.