Howard Schultz, the Starbucks CEO who had announced a third party, independent  run for President, has withdrawn. Here, in part, is his statement:

Eighty-four percent of Americans do not consider themselves far right or far left. Among them are an “exhausted majority” who want common sense, collaborative and truthful governing. …Statistically and anecdotally, there is an undeniable appetite for meaningful political reform in America. I had hoped to represent this common-sense view, but I’ve come to face a few truths…First, despite a variety of efforts to initiate conversations about political reform, extreme voices currently dominate the national dialogue, often with a vitriol that crowds out and discourages thoughtful discussions. And despite their hunger for reform, the exhausted majority has largely tuned out of political life online and in the news, leaving the extreme voices to define the debate. In addition, not enough people today are willing to consider backing an independent candidate because they fear doing so might lead to re-electing a uniquely dangerous incumbent president. There is considerable concern that four more years of a Trump administration pose a graver threat to our democracy than four more years of political dysfunction. I agree, but I’m also concerned that far-left policy ideas being advanced by several Democratic candidates will further alienate voters who believe those ideas will inflict more economic harm than good. The nomination of a far-left Democratic candidate could result in more votes for Trump—unless a moderate independent is also on the ballot….If I went forward, there is a risk that my name would appear on ballots even if a moderate Democrat wins the nomination, and that is not a risk I am willing to take. Finally, a back injury in April and three subsequent surgeries have required a level of recovery that has prevented me from continuing my travels and engaging with people to the degree that is necessary. My belief in the need to reform our two-party system has not wavered, but I have concluded that an independent campaign for the White House is not how I can best serve our country at this time.I will spend this election cycle and the years ahead supporting bold and creative initiatives to transform our broken system and address the disparity of opportunity that plagues our nation. The money that I was prepared to commit to a presidential campaign will instead be used to invest in people, organizations and ideas that promote honesty, civility and results in our politics, and that move the country beyond two-party gridlock. Common-sense policies and initiatives that can help address widening inequality at home, while strengthening America’s standing in the world, will be a priority. Among my early efforts will be to advocate for increased national service opportunities for young people…. Let us agree that we will always have differences, because that is the nature of the republic we have created, but let’s also acknowledge that we are stronger when we unite under shared values. Let’s agree that we owe our children a less divisive America, and that we have the power to create a healthier climate, one where opinion and truth can stand side by side, where disagreement is followed by compromise, extremes are tempered by moderation, and divisiveness is eclipsed by decency.

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