I know this story has been out for a while, but it's one I intend to give my 2¢ on. I found out about Congressman Mike Pence's decision not to run for President in 2012 thanks to an e-mail he sent out sometime last week. Now, with the list of possible candidates decreased by one, I must say I'm relieved.
First off, while a Pence candidacy would've been more successful (in my opinion) against at least half of the others, it still would've been an uphill battle for him, considering the need for effective fundraising (of which he would've needed a LOT of funds as a result). Further considering some of the potential opposition he would've faced (Romney and Huckabee, for starters), Congressman Pence would've needed to start building up an organization immediately if he were to have any chance of holding his own against such potential opposition.
Another reason I'm relieved is because I am undeniably hoping Sarah Palin will run for President in 2012; a Pence candidacy would have (in my opinion) worked to siphon votes away from her, on account of the similarities between the two of them. The most important reason, though, remains the fact this leaves open the possibility for the Congressman to run for Governor here in Indiana.
Since Governor Mitch Daniels cannot run for a third term, and Lt. Governor Becky Skillman has already opted out of a run for the job herself, this leaves Congressman Pence as the only possible Republican candidate at this moment. With possible candidates amongst Democrats also slim (and unpromising) for the time being, a gubernatorial run for Mike Pence could be a potential cakewalk. It also could serve as a stepping stone for him to make a run for President in the future, and with hopefully eight years as Governor under his belt, his standing as a candidate would be much stronger then than now.
I hope come next year, I'll be placing a yard sign which reads MIKE PENCE for GOVERNOR.