ANCHORAGE, Alaska (AP) — The Anchorage Daily News, Alaska's largest newspaper, endorsed Democratic presidential candidate Barack Obama Sunday after declaring Gov. Sarah Palin "too risky" to be one step away from the Oval Office.

"Like picking (Republican presidential candidate John) McCain for president, putting her one 72-year-old heartbeat from the leadership of the free world is just too risky at this time," The Daily News said.

The newspaper said Obama "brings far more promise to the office. In a time of grave economic crisis, he displays thoughtful analysis, enlists wise counsel and operates with a cool, steady hand."

The Daily News said since the economic crisis has emerged, McCain has "stumbled and fumbled badly" in dealing with it.

"Of the two candidates, Sen. Obama better understands the mortgage meltdown's root causes and has the judgment and intelligence to shape a solution, as well as the leadership to rally the country behind it," the paper said.

The Daily News said Palin has shown the country why she is a success as governor. But the paper said few would argue that Palin is truly ready to step into the job of being president despite her passion, charisma and strong work ethic.

"Gov. Palin's nomination clearly alters the landscape for Alaskans as we survey this race for the presidency — but it does not overwhelm all other judgment. The election, after all is said and done, is not about Sarah Palin, and our sober view is that her running mate, Sen. John McCain, is the wrong choice for president at this critical time for our nation," the paper said.