Gov. Bill Richardson (D) of New Mexico has declared that he is forming an exploratory committee, with the intention to run for president in 2008.
Richardson may be the most qualified man in America to be president: he has been a Congressman, a cabinet secretary, an abassador to the U.N., and (obviously) a governor. He ran the Democratic Governors Association during the last campaign cycle, when Dems picked up six state houses. His experience with foreign affairs is vast, including negotiating with Saddam Hussein for the release of two hostages in 1995 and brokering a cease-fire in Darfur earlier this month. If unable to secure the Democratic nomination, Richardson would be a great candidate for VP or Secretary of State.
He would also be the first Hispanic president in American history, and is wildly popular in a border swing state.
Update: A friend from New Mexico tells me Richardson's influence has left the state an ethical cesspool. Hmmmm... see here for more.