The organizer of the Sancocho and the Son Festivals, TV producer and journalist Raul (Bacho) Perez Pe?a announced he will run for president in May 2004. He has been a journalist with the Listin for many years and writes a daily column for the newspaper. He announced the formation of the Partido por la Autentica Democracia (PAD) during an event at the Gran Hotel Lina, under the slogan, ?El Bacho va, y por que no?,? P?rez Pe?a announced he was inspired to run because of the alarming weakening of Dominican institutions, sovereignty and what he described as the unbridled ?corrupcracy? in the Dominican Republic. He said he offered an alternative for voters who were disgusted by the ?pemecracy? (PLD government) and ?pepecracy? (PRD government) of recent years.