New Mexico Governor Begins Battle for Dollars in 2008 Presidential Race
A self-described underdog in the crowded 2008 presidential race, Democrat Bill Richardson begins the difficult task of proving he can raise enough money to be a serious contender for the party's nomination.
The 59-year-old New Mexico governor announced in a video posted Sunday on his Web site that he would set up an exploratory committee that will let him raise money and assemble his campaign organization.
"I believe these serious times demand serious people, who have real-world experience in solving the challenges we face," Richardson said in the video. "I humbly believe I'm the best-equipped candidate to meet these challenges."
A former U.N. ambassador, Energy Department secretary and congressman, Richardson's resume looks presidential.
But in polls he lags far behind the other candidates, who also are popular and formidable fundraisers, including New York Sen. Hillary Rodham Clinton, Sen. Barack Obama of Illinois and 2004 Democratic vice presidential nominee John Edwards.
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