Richardson Drops Out Of Presidential Race

Bill Richardson, Governor of New Mexico, is throwing in the towel for the Democratic nomination. After very disappointing showings in both Iowa and New Hampshire. He never gained more than 5% of the vote and ran a distant 4th in both states. Richardson will have to step down as Governor in 2010 because of term limits and many think his presidential bid was strictly a reputation builder for a later run at a future date.