By AP
MACKINAC ISLAND, MI –
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Former U.S. Rep. Joe Schwarz is dropping his independent bid for Michigan governor.
The Battle Creek physician and former state senator said Friday he won't run because he wasn't raising enough money.
He says he was eager to run but the lack of adequate funding meant it was "foolish to persist."
Schwarz is a former Republican who left the GOP because he says the party no longer meshed with his moderate views. He had until July 15 to declare his candidacy but said it was going to cost up to $200,000 to collect at least 30,000 valid signatures by then and the money wasn't coming in.
Five Republicans and two Democrats are competing to win their respective party's nomination in the Aug. 3 primary election.
Election 2010 - WKAR
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