According to Gawker.com via Ianundercover.com, John McCain passed up Secretary of State Condoleezza Rice for VP because it is a well known fact that she's a lesbian.
A prominent member of the Republican National Committee privy to the search process, claims many in McCain’s inner circle argued strenuously for the selection of Rice over Palin.
"It was the persistent rumors about her sexuality that ultimately killed her chances and removed her from the list," said the mid-level RNC official.
"In Washington circles, it's just assumed Rice is gay and nobody really cares."
Condi's secret life came to light when a reporter did some digging through real estate records and found Condi "shares ownership of a house as well as a line of credit with a female documentary filmmaker, a liberal Democrat named Randy Bean."
Bean unconvincingly explained the shared line of credit with Rice as relating to medical bills that left her financially drained.
According to property records, the couple shared the property and line of credit around the time when Rice was Provost of Stanford University.
It's possible that others previously investigating Rice's background came across the joint ownership of the investment property and the bank account but assumed the name "Randy" belonged to a man. Rice once told a reporter that Bean is her closest female friend and that they bonded over their mutual love of football.
Republicans and the right-wing media are raving about Alaska Governor Sarah Palin, but Secretary of State Condoleezza Rice doesn't seem to share their enthusiasm.
In a weekend interview with CNN, Rice stopped just short of fully endorsing Palin for vice president.
In a less-than-hearty endorsement, Rice declined to say anything more positive about Palin than "she gave a terrific speech" and "she's a governor of a state here in the United States" during her interview with Zain Verjee of CNN.
Asked point-blank if Palin has enough experience, Rice said, "These are decisions that Senator McCain has made. I have great confidence in him." Confidence in Palin? Rice didn't say.
Rice added: "I'm not going to get involved in this political campaign. As Secretary of State, I don't do that. But I thought her speech was wonderful." (Source)