Democratic presidential candidate and former Virginia Senator Jim Webb speaks to guests at the Iowa Democratic Party's Hall of Fame Dinner on July 17, 2015 in Cedar Rapids, Iowa.
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Jim Webb rules out independent presidential bid

Updated

Former Virginia Sen. Jim Webb, who dropped out of the Democratic presidential race last year, ruled out an independent White House bid Thursday. 

“We looked at the possibility of an independent candidacy. Theoretically it could be done, but it is enormously costly and time sensitive, and I don’t see the fundraising trajectory where we could make a realistic run,” Webb said during a speech to the World Affairs Council of Dallas/Ft. Worth, Texas, according to his spokesperson.

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A decorated Marine veteran who worked in the Ronald Reagan administration before running for the Senate as a Democrat, Webb said he believes that both parties have turned their backs on the American people and that he is concerned by the lack of attention on foreign policy in this year’s presidential race.

Webb hesitated to enter the Democratic race last year after months of buildup and failed to gain traction, especially after controversial comments on the Confederate Flag. A bit of a contrarian with proud Appalachian roots, Webb was out of step with the today’s Democratic Party and was the first to admit it. He suspended his campaign late October. 

Jim Webb

Jim Webb rules out independent presidential bid

Updated