Webb rules out independent presidential bid
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Former Democratic presidential candidate Jim Webb on Thursday afternoon closed the door on potentially re-entering the 2016 White House race as an independent. 
 
"I've worked with both parties, including as an official in the Reagan administration and as a Democrat in the Senate. Both parties, in my view, have moved away from the major concerns of the average American," Webb said in statement
 
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"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," the former Virginia senator added. 
 
Speculation had risen that Webb may re-enter the race, starting with a speech at the World Affairs Council on Thursday afternoon. He hinted at potentially launching an independent bid when he dropped out of the Democratic race in mid-October. 
 
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