The Hill News

Former Rep. Sue Kelly (R-N.Y.) wants a woman to run for president in 2012 â€" just not former Alaska Gov. Sarah Palin (R).

Speaking on Fox News on Monday, Kelly said money was the big factor stopping a strong female candidate from running for office.

"But I wouldn't love to see Sarah Palin and I'll say that on air, up front," Kelly said. "I just don't think this time around they're going to run, and the reason is the money factor. Money is so huge in a presidential race."

Although she is not the only high-profile female Republican to show an interest in running, Palin is probably the most likely to jump into the ring. Rep. Michele Bachmann (R-Minn.) has been mentioned as a possible GOP challenger and has recently been making trips to key battleground states.

In an upset, Kelly lost her seat in 2006 to former Rep. John Hall (D-N.Y.). Hall was defeated by Rep. Nan Hayworth (R-N.Y.) in 2010.

Watch Kelly's segment at 7:45 bel! ow, courtesy of foxnews.com here.