In November 2014, Johnson affirmed his intention to run for the 2016 Libertarian nomination. In July 2015, Johnson reiterated his intentions for a presidential campaign but stated he was not announcing anything imminently: "I just think there are more downsides than upsides to announcing at this point, and, look, I don't have any delusions about the process. In retrospect, 90 percent of the time I spent [trying to become president] ended up to be wasted time."