Bill Richardson will withdraw as Commerce Secretary

Well, this is interesting.  NBC has the details on Richardson’s withdrawal:

New Mexico Gov. Bill Richardson, tapped in December by President-elect Barack Obama to serve as secretary of Commerce, has withdrawn his name for the position, citing a pending investigation into a company that has done business with his state.

“Let me say unequivocally that I and my Administration have acted properly in all matters and that this investigation will bear out that fact,” he said Sunday in a report by NBC News’ Andrea Mitchell. “But I have concluded that the ongoing investigation also would have forced an untenable delay in the confirmation process.”

As Michelle Malkin noted last month, it seems Governor Richardson has had a little pay-to-play scheme going on back in New Mexico. From last month’s Washington Post:

A federal grand jury is investigating whether a financial firm improperly won more than $1.4 million in work for the state of New Mexico shortly after making contributions to political action committees of Gov. Bill Richardson (D).

The probe focuses on whether the governor’s office urged a state agency to hire CDR Financial Products. The probe is in a highly active stage at a time when President-elect Barack Obama has chosen Richardson as his nominee for secretary of commerce, according to two sources familiar with the investigation.

The grand jury in Albuquerque is expected to hear testimony today from several key witnesses, including officials at Richard’s political action committees and bankers at J.P. Morgan who worked with CDR on the state’s investments.

Mary Anne Marsh told Fox News that with the Blago investigation, Richardson would have been an “unwanted distraction.”

Democratic strategist Mary Anne Marsh told FOX News that with the cloud lingering over the Obama transition because of Illinois Gov. Rod Blagojevich’s alleged attempts to sell Obama’s vacated Senate seat, the Richardson nomination would have been another unwanted distraction.

Richardson “was going to have a very difficult time getting through this nomination,”  Marsh said. “People really haven’t looked at the Richardson situation and the more they looked at it, the more they realized” confirmation was going to be a problem.

You’d think the Obama people would have vetted Richardson a little more carefully.