Word on the street is David Paterson has put the kibosh on a re-election bid. From the New York Daily News

Embattled Gov. Paterson has pulled the plug on his bid to seek reelection, a source close to the governor said Friday.

Paterson will announce the decision later Friday.

Paterson has been under fire for having contacted a woman who accused one of his top aides of domestic violence.

The source said the governor has agreed not to seek election, but he will not resign - opting to serve out the remainder of his term.

If what the sources say is true, should Paterson resign as well or serve out his term?