Fred Tausch, a billionaire who had supported Obama last year and found himself quickly and deeply disappointed by the new president, has been making a splash in New Hampshire political circles. But apparently his grassroots activism and mailers will not be a stepping stone to a run for office:

STEWARD of Prosperity founder Fred Tausch, of Merrimack, issued the following statement today regarding his plans for the 2010 elections:
“As I’ve traveled across New Hampshire for STEWARD, it’s become very clear to me that voters are looking for a new kind of bold leadership. Fed up with professional politicians who have stopped listening to them and acting in their best interest, they want to stop the seemingly endless spendathon at the Statehouse and on Capitol Hill.
“Many Republicans have encouraged me to be their voice as a candidate for office next year. It was an honor to be approached and I gave the prospect serious consideration. But after careful deliberation, I’ve decided not to enter public service at this time.”

Tausch says his organization “will continue to mobilize grassroots support, perform economic impact studies and demand a stop to taxpayer giveaways. We’ll back conservatives who are serious about fiscal discipline.”