Senator Chiz Escudero’s announcement that he is leaving the Nationalist People’s Coalition (NPC) will effectively remove him from the list of serious presidential contenders. Even if he still decides to run, it will not be as effective as before. What is shaping up is his opening up to a possible vice-presidential run. However, he will be in contention with Sen. Loren Legarda who had already decided to seek a vice-presidential candidacy.
The vice-presidential bid is only a real option for both of them with Sen. Manny Villar as the presidential candidate. The possibility with Sec. Gibo Teodoro is fraught with hidden and open dangers for oppositionists such as Chiz and Loren.
Both Chiz and Loren are in a dilemma. If they do not secure the vice-presidential slot with Sen. Villar, they would have to power down. At least, they can continue as senators, with three years still to go. However, the trip to the 2016 presidential race would take twice as long and twice as hard.
That is the gamble they have taken when they put their hats into the 2010 presidential electoral contest. They appear to have lost and the remaining question is how to cut loses.