INDIANAPOLIS - On the day the Dow Jones Industrial Average returned to the 10,000 mark for the first time since Oct. 3, 2008, Dan Dumezich walked into a meeting yesterday with the Republican Senatorial Campaign Committee in Washington and took a pass on a challenge to U.S. Sen. Evan Bayh.
These two events were linked.
Dumezich had spent a good part of the year lining up support. He traveled the state in August and September meeting with Republican groups. “I had commitments of $8 million,” Dumezich told HPI shortly after he sent an e-mail saying he would not run. “After much of deliberation, I have decided not to run for the U.S. Senate against Evan Bayh in 2010,” Dumezich said. “Over the past few months, I have spoken to thousands of people across our great state. I would like to thank the people from Indiana for sharing their thoughts with me. It was a pleasure to meet with Hoosier leaders and discuss their concerns, issues and hopes.”
http://www.howeypolitics.com/2009/10/15/dumezich-cites-the-dow-in-taking-a-pass-on-bayh/