Mike Pence has announced that he will not try to become the Republican candidate for president. This likely means he will run for governor of Indiana.

The most notable thing about Pence is that he was far and away Dick Armey's first choice for the 2012 Republican nominee—Armey called Pence, basically, Ronald Reagan part II—and it's difficult to overestimate Armey's influence as a Teabagger puppet-master. With Pence out, the Teabaggers are running low on credible 2012 candidates.