The Note’s Must-Reads for Wednesday, October 5, 2011

Compiled by ABC News Digital News Associates Jacqueline Fernandez, Jayce Henderson and Desk Assistant Amanda VanAllen

2012 ELECTIONS: ABC News’ Shushannah Walshe and John  Berman: “ Still a Possibility: Sarah Palin May Enter The Race” According to a source with knowledge of the inner workings of SarahPAC, inside the Palin world it’s still a possibility that she might run. However, as the deadline approaches not even her staff knows what she will decide. LINK

USA Today’s Susan Page: “ With Christie out, a sharper focus for the GOP field” Three months before the opening Iowa caucuses, the credible Republican presidential candidates, the hottest issues, the evolving primary calendar — and the vulnerabilities of the incumbent — are coming into sharper focus. The field seems set, led by two candidates with significant weaknesses: former Massachusetts governor Mitt Romney , who has failed to win support from many of the Tea Party supporters and Christian conservatives in the GOP base, and Texas Gov. Rick Perry . LINK 

The New York Daily News’ Philip Caulfield: “ Herman Cain surges as Rick Perry falls; candidates tied for second behind Romney: poll” Herman Cain has jumped into a tie with Rick Perry for second place among potential GOP presidential candidates, a new poll shows. The former Godfather Pizza CEO and current Texas governor both received 16% of the vote, while Mitt Romney led with 25%, a new Washington Post/ABC News poll fojund. LINK 

The Los Angeles Times’ Michael A. Memoli: “ It’s vintage Chris Christie as he passes on White House run” Having seen Republicans churn through one candidate after another this year, Chris Christie seemed acutely aware Tuesday of how fleeting political fame can be. So he made the most of his moment as he announced he would not run for president, demonstrating both the candor and assuredness that has made him a conservative favorite. LINK  

The New York Times’ Jim Rutenberg, David Halbfinger and Michael Shear: “ Opting Out of Race, Christie Says, ‘Now Is Not My Time’” After a kinetic month in which some of the biggest names in American industry and Republican politics urged him to run for president, Gov. Chris Christie of New Jersey spent a quiet weekend at home, coming to a sobering conclusion on Tuesday: “Now is not my time.” LINK 

Bloomberg’s Lisa Lerer and Terrence Dopp: “ Republican Presidential Field Taking Final Shape With Christie’s Decision” New Jersey Governor Chris Christie’s decision not to seek the presidency removes one of the last lingering questions surrounding the Republican presidential field just three months before the first round of voting is to begin.  ”Now is not my time,” Christie told reporters in Trenton, the New Jersey capital, yesterday. 

The Wall Street Journal’s Neil King Jr., Lisa Fleisher and Jonathan Weisman: “ Christie Exit Shifts Focus to Romney” New Jersey Gov. Chris Christie’s decision to sit out the presidential race removes one of the last big unknowns from the 2012 Republican nomination fight and opens the path for Mitt Romney, the GOP front-runner for most of the year. LINK

Politico’s Jonathan Martin, Maggie Haberman and Ben Smith: “ Mitt Romney’s moment” If Mitt Romney can’t start locking up the GOP nomination now, he may never be able to. The former Massachusetts governor’s charmed path toward the presidential nomination was made even smoother Tuesday when New Jersey Gov. Chris Christie opted out of a campaign and recommended that voters choose the candidate with the “best chance” of beating President Barack Obama. LINK

PRESIDENT OBAMA: The Washington Post’s David Nakamura and Paul Kane: “ President Obama goes on the attack, to Democrats’ delight” There is a noticeably more aggressive, confrontational President Obama roaming the country these days, selling his jobs plan and attacking Republicans for standing in the way of progress by standing up only for the rich. LINK

The Hills’ Alexander Bolton: “ Senate Democrats buck Obama on jobs plan by changing ‘pay-fors’” Senate Majority Leader Harry Reid (Nev.) on Tuesday further distanced his Democratic Conference from President Obama by nixing a major component of the White House’s jobs plan. Reid said he would revise parts of the proposal that some Senate Democrats have found unpalatable.  The Nevada Democrat announced his new strategy on the same day he blocked a Republican effort to force a vote on Obama’s jobs bill.  LINK

FOREIGN AFFAIRS: The Washington Times’ Sean Lengell and Stephen Dinan: “ China currency sanctions hit snag on Capitol Hill” Senate Majority Leader Harry Reid says the China currency bill is the most important jobs legislation Congress can enact, while House Speaker John A. Boehner calls it “dangerous” — and the White House has refused to take a stand. LINK

ABC NEWS VIDEOS: Republican Frank Wolf Attacks Grover NorquistLINKRichard Trumka on Obama: Time to ‘Have His Back’LINK

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