New Mexico Governor Bill Richardson today announced the formation of a presidential campaign exploratory committee, with the clear intention of seeking the Democratic nomination for president in 2008.

"I am taking this step because we have to repair the damage that's been done to our country over the last six years," Richardson said in a statement. "Our reputation in the world is diminished, our economy has languished, and civility and common decency in government has perished."

"The next president of the United States must get our troops out of Iraq without delay. Before I became governor of New Mexico, I served as ambassador to the United Nations and as Secretary of Energy. I know the Middle East well and it's clear that our presence in Iraq isn't helping any longer," Richardson said.

"Our next president must be able to bring a country together that is divided and partisan," Richardson said.