John McCain: U.S. presidential election, 2008
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the 2008 presidential election
Senator John McCain (R-Ariz.), who ran unsuccessfully for his party's nomination in the 2000 presidential primary, announced February 28, 2007, on CBS's Late Show With David Letterman that in April he will formally announce that "he's running for president." 
McCain told Letterman "Americans are very frustrated, and they have every right to be. ... We've wasted a lot of our most precious treasure, which is American lives." 
- Note: Also see Michelle Malkin on Democratic presidential hopeful Barack Obama's February 12, 2007, comment that "we have now spent $400 billion and has seen over 3,000 lives of the bravest young Americans wasted." .
McCain "told reporters later that he would visit Iraq before his formal announcement and that his campaign would be about 'whether I have the vision, experience and knowledge to lead the nation.'"