According to an unimpeachable source, Belinda Stronach will be shortly announcing that she won't run for leader of the Liberal Party.
UPDATE, 4:15 pm: I just watched Belinda's press conference (God bless CTV News online.) What an unbelievable performance. She basically blames her non-candidacy on the party's leadership selection process:
"In order to really restore trust in politicians, every day citizens need to feel that they are involved directly and have a say. That includes members of the Liberal Party," said Stronach.
"And I would rather see a Liberal Party with millions of members where each and every individual has a direct vote."
(Translation: "I almost bought the Conservative leadership with such a system, but unfortunately, I can't do that this time." She obviously had little on-the-ground support.)
UPDATE II: You all must click on that CTV link to watch Bob Fifes comments. According to his sources, Stronach is telling people privately that the reasons for dropping out are her French and that she thinks the Liberals are going to be "slaughtered" in the next election. Fife says the stuff about wanting to "contribute ideas" is nonsense. "In the time she's been in parliament, I haven't seen Belinda Stronach present one new idea" said Fife. (!!!!!!!)