During my two terms as Governor and now in the United States Senate, it has always been more about the people I was able to help than the job I held. As you know I have been exploring helping the people of my state and our country in a different capacity. After talking with family and friends over the past several days, I have decided that this is not the year for me to run for President and I will not be a candidate for the presidency in 2008. It wasn't an easy decision but it was the right one for my family, my friends and my state. I have always prided myself on putting my public responsibilities ahead of my own ambitions.
The odds were always going to be very long for a relatively unknown candidate like myself, a little bit like David and Goliath. And whether there were too many Goliaths or whether I'm just not the right David, the fact remains that at the end of the day, I concluded that due to circumstances beyond our control the odds were longer than I felt I could responsibly pursue. This path - and these long odds - would have required me to be essentially absent from the Senate for the next year instead of working to help the people of my state and the nation.
I am immensely grateful for the support of my family and friends and the thousands of people around the country who helped me with their time and their resources. There may be no campaign in the near future, but there is much work to be done. When the Senate returns, I will focus on the issues that matter to the people of my state and are critical to the future of the nation including reducing our dependence on foreign oil, creating opportunity for middle class families, and implementing a national security strategy that is both tough and smart.
So essentially he is saying that the odds against winning pitted against the necessity of being absent from his Senate duties over the next year led him to his decision to drop out. Maybe. I think there's a lot more to this story than what is contained in that statement. I've heard folks say that Bayh is bored with being in the Senate and may not even seek re-election to another term. A presidential bid allowed him a potential jumping off point. Unlike some of his other potential opponents, he hasn't been the subject of any negative stories about his past. I expect we'll here more about this in coming days.