Russ says no run for president in '08

Sen. Russ Feingold (D-WI) has decided against a run for president in the 2008 election. From the press release:

I'm sure a campaign for President would have been a great adventure and helpful in advancing a progressive agenda. At this time, however, I believe I can best advance that progressive agenda as a Senator with significant seniority in the new Senate serving on the Foreign Relations, Intelligence, Judiciary and Budget Committees. Although I have given it a lot of thought, I cannot muster the same enthusiasm for a race for President while I am trying simultaneously to advance our agenda in the Senate. In other words, if I really wanted to run for President, regardless of the odds or other possible candidates, I would do so. However, to put my family and all of my friends and supporters through such a process without having a very strong desire to run, seems inappropriate to me. And, yes, while I would strongly prefer that our nominee in 2008 be someone who had the judgment to oppose the Iraq war from the beginning, I am prepared to work as hard as I can through the Progressive Patriots Fund, and consistent with my duties in the Senate, to maintain or increase our gains from November 7 in the Congress and, of course, to elect a Democrat as President in 2008.