Ron Paul suspends Presidential campaign

The Washington Times is reporting:

Rep. Ron Paul of Texas said Monday he will not compete in primaries in any of the states that have not yet voted — essentially confirming Mitt Romney will win the Republican presidential nomination.

Mr. Paul said he will continue to work to win delegates in states that have already voted and where the process of delegate-selection is playing out. He said that’s a way to make his voice heard at the Republican nominating convention in Tampa, Fla., in August.

“Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted,” Mr. Paul said. “Doing so with any hope of success would take many tens of millions of dollars we simply do not have.”

He did encourage his supporters to still turn out and vote.

I guess it was just a matter of time.  Well, that and a rapidly emptying bank account.

Unless there is some kind of major repudiation of Paul delegates at the Republican convention, it seems highly unlikely that Paul will decide to run as a third party independent.  He is also probably smart enough to know that while he is wildly popular among a small yet viciously committed group of core supporters, he doesn’t have anywhere near the amount the populist appeal he would need in order to operate a successful independent candidacy.

On the bright side, his far-right/libertarian views and policy proposals made the rest of the Republican field look relatively tame.

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