Former U.S. Senator Jim Webb ended his campaign for the Democratic presidential nomination today. Warning that “The very nature of our democracy is under siege due to the power structure and the money that finances both political parties,” Webb said he will spend the next few weeks deciding whether to run for president as an independent. He still believes he “can provide the best leadership” to meet the country’s challenges and intends “to remain fully engaged in the debates that are facing us.”
Former New Mexico Governor Gary Johnson, who was the Libertarian Party’s presidential nominee in 2012, recently estimated that getting on the ballot in all 50 states would cost about $8 million and would require a lot of organizational work. Webb asserted today, “I have no doubt that if I ran as an independent we would have significant financial help.” But his presidential campaign raised less than $700,000 during the entire third quarter. Nor did Webb build much of an organization, even in the early-nominating states.
Webb could devote the next year to seeking ballot access and public attention, winning a few percent of the vote in the best-case scenario. Or, he could influence a salient public policy debate that is close to his heart with a much smaller investment of his time and other people’s money.
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