Rep. Mike Pence (R-IN), who has become something of a dream presidential candidate for many conservative bloggers and activists, appears to be about to say that he will not run for president.

Fmr. House Majority Leader Dick Armey (R-TX), now head of FreedomWorks, said that Pence could potentially be a second coming of Reagan.

"In the choice between seeking national office and serving Indiana in some capacity, we choose Indiana," Pence, R-Columbus, said of himself and wife Karen in a letter being sent to supporters. "We will not seek the Republican nomination for president in 2012."