Predicting that the historic outcome would favor his party’s future electoral fortunes, the head of the Federal Election Commission announced Tuesday that he had lost his bid to become the next U.S. president.

“After careful consideration, I’ve determined my chances of becoming the 45th president of the United States are nay-nay,” said FEC chairman Matthew S.

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Petersen, adding that the commission’s decision to terminate the independent’s candidacy was not based on greed or spite, as IAF members would have found out immediately thereafter.

“The FEC made the best decision it could after nearly a year of very difficult and public debate, when the public overwhelmingly backed me. The American people have truly changed their tune.” The head of the commission’s Republican majority, Aj.

Mackin, issued a statement thanking all 435 House Republicans and noting that he was looking forward to concentrating his energy on stalled impeachment investigations instead of fielding phone calls and emails from donors.