By Alan Breslauer on 2/23/2007, 12:33pm PT  

Guest Blogged by Alan Breslauer

Democrat Tom Vilsack, the centrist former Iowa governor, dropped out of the race for the presidency because he was unable to raise the millions of dollars necessary to compete with the better known candidates. Vilsack made it clear that "money and only money" was the reason for ending his bid.

Immediately after the announcement, the campaigns of other presidential hopefuls began seeking out Vilsack's staff and wooing his political backers. Senator Barack Obama, for example, sought the support of prominent Vilsack supporter Gary Hirshberg, the founder of Stonyfield Yogurt, within two minutes of the announcement today. Although noncommital, an impressed Hirshberg had this to say:

"Though we can wring our hands now about the role of money in these campaigns, it's still really vindicating to me to see, particularly here in New Hampshire, that grass-roots, house-to-house, person-to-person politics is still the order of the day. I think Senator Obama just proved that."

Read the AP story about Vilsack at The Huffington Post