In an announcement met with hand-wringing from the "reform" community, former Iowa Gov. Tom Vilsack dropped out of the Democratic race for the presidential nomination last Friday, blaming his early exit on lack of funds.
"We have everything to win the nomination and general election. Everything except money," said Vilsack.
Over at Real Clear Politics, Terry Michaels, director of the Washington Center for Politics & Journalism, examines the notion that money was all that held Vilsack back. His response: "Give me a break!"
Money quote: "You are deluding yourself if you insist that dollars are the most important asset, or even of secondary importance, for making a race for The White House.
"Just ask President John Connolly, or President Phil Gramm, or President Ross Perot. Or try to convince yourself that Barack Obama is only viable because Hollywood zillionaires have turned on Bill and Hill."
To read Michaels’ whole response, click here.