Sarah Palin will enter the 2012 Republican Presidential race around Labor Day, said Karl Rove, a former advisor to President George W. Bush.

Speaking to Fox News on Saturday morning, Rove said that the former 2008 GOP Vice Presidential candidate “has a schedule next week that looks like that of a candidate, not a celebrity,”

Rove noted that the video Palin released when she travelled to the Iowa State Fair looked like a campaign statement.

“This is her last chance. She either gets in or gets out. I think she gets in,” Rove said.

Rove also thinks that joining the race late will not hurt Palin’s ability to raise election funds.

“If you’re Sarah Palin, you just show up and the money comes and the organization comes and the people come,” he said.

On Thursday, conservative radio talk show host Mark Levin also said he thinks Palin will throw her hat into the ring.

“Look, I could be dead wrong,” Levin said. “I have no inside information. But I want to underscore what I’ve been saying, which is I believe Sarah Palin will run for president. Just want to put my marker down because others are starting to do it and I put it down quite some time ago.”

Palin will speak at a Tea Party of America-sponsored event in Iowa on September 3.