Senator Evan Bayh, Democrat of Indiana, who just two weeks ago took the first steps toward a White House bid in 2008, has announced that he is quitting the race. He said he had concluded that his hopes of winning were too remote to make it worth continuing.
Bayh’s withdrawal, which stunned many Democrats, came less than a week after he saw his visit to New Hampshire overshadowed by the crush of attention surrounding a trip there the same day by Senator Barack Obama of Illinois.
The decision by Bayh came even though he had about $10 million on hand; he began preparing for this race right after he was re-elected to the Senate in 2004. To some extent, Bayh’s withdrawal reflects the degree to which Obama and Clinton have dominated the early going of this race, threatening to soak up campaign contributions and, as Bayh witnessed last weekend, news coverage.
Hm. That’s a hell of a war chest to just be sitting on, isn’t it?