(CNN) - An announcement from Rep. Ron Paul indicates that the Republican presidential candidate will no longer actively campaign for the GOP nomination, but will continue to work to secure delegates at upcoming Republican state conventions.
"Moving forward, however, we will no longer spend resources campaigning in primaries in states that have not yet voted," said Paul, in a statement released Monday afternoon. "Doing so with any hope of success would take many tens of millions of dollars we simply do not have."
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As of April 1, Paul's campaign had $1.8 million cash on hand.
But the longtime congressman from Texas, who's making his third bid for the White House, says he'll continue to try and secure delegates to the Republican convention in Tampa, Florida in late August.
"Our campaign will continue to work in the state convention process. We will continue to take leadership positions, win delegates, and carry a strong message to the Republican National Convention that Liberty is the way of the future," adds Paul, in his statement.
With former Sen. Rick Santorum of Pennsylvania and former House Speaker Newt Gingrich having suspended their campaigns, Paul is the last remaining major candidate still standing against former Massachusetts Mitt Romney, the presumptive Republican presidential nominee.
According to the most recent CNN estimate, Romney has secured 945 delegates, compared 286 for Santorum, 145 for Gingrich and 99 for Paul. One-thousand, one-hundred and forty-four delegates are needed to clinch the nomination.
Last Wednesday Paul told CNN that he doesn't foresee lending his support to Romney any time soon, and that he's staying in the race to impact the party's agenda. He added that to reconcile his differences with Romney would, at this point, be "pretty hard."
"It certainly isn't for the reason of disrupting the convention," said Paul, of his push for delegates at state party conventions. "I'm in it for very precise reasons: to maximize our efforts to get as many delegates as we can. I'm still a candidate, and to promote something that is very, very important, that is a change in the direction for the Republican Party."
- CNN's Gregory Wallace contributed to this report
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Can you say third party? He's no dummy.
As a real conservative, I have to say that Ron Paul's withdrawal from the race means that I will vote 3rd party. I cannot in good conscience vote for a person (Romney) who proposes to increase taxes on the middle class and increase defense spending to 1 trillion dollars per year. We need to STOP subsidizing the defense of other nations and remission the US armed forces to the direct defense of US lands and waters.
Well at least the silliest old man in the GOP stopped campaigning before the undertaker came to fetch him. Go home and medicate your nutty son so he doesn't make a total idiot out of himself at another airport, daddy Paul. Where does the GOP find these people, including their last man(niquin) standing, too?
Ron Paul has run on the Libertarian ticket in the past. US election law is heavily biased against third parties.
Ron Paul has done more for the cause of Liberty in this one election cycle than the entire Libertarian Party has done since it was formed in the 1970's.
Sniffit, you clearly have no understanding whatsoever about what a mess the Dept. of Education really is...it virtually DESTROYED our education system. Before the federal govt. got involved in education, we were number 1. Now we're up in the high 20's. What happened? As a student, I can tell you first hand what trouble this is causing us..our schools are deteriorating, we can't afford new text book. One must understand the REAL cause of problems. And more government is not the solution.
After a mere 12 years of campaigning, Ron Paul finally realizes he will never be President.
Ron Paul doesn't get the support from banks like Obama and Romney who both have CNN and Fox, respectively. Both have die hard fans (like North Korean patriots) in the millions wanting more government, more wars and more crappy sitcoms. Americans are so full of themselves they refuse to believe that the world doesn't love us for spreading democracy. What a farce! Wake up people, whether it's Obama or Romney the truth is Bernanke still wins.
Oh yeah, Paul didn't drop out due to massive debt like Newt and Santorum and then go endorse whoever will give them a job like a scumbag, he secured a seat at the RNC and now it's just a matter of counting the real delegates, not the lies the MSM keeps tryin to convince us of... still think Obama is a God, it's time to get a library card.
When Ron Paul fails to win the GOP nomination, his fans have several options for the November 2012 election:
1. Don’t vote at all, which, in my opinion is a forfeit of citizen responsibility.
2. Write in “Ron Paul” on the ballot in a gesture of devotion and loyalty that will accomplish nothing but a sense of righteous self-indulgence, because this is by his own admission Pauls’ final campaign and any further investment in his name will be wasted.
3. Write in the name of somebody who is not a candidate for any party on the ballot, which is honorable on its face, but won’t contribute to ballot access and long-term credibility of a third-party alternative to the history of Republocratic failures.
4. Vote for the Democratic incumbent or the Republican nominee, thereby supporting the liberty-squashing government-bloating stranglehold those two parties have on government.
5. Vote for the Libertarian Party candidate, thereby contributing to the continued growth of a political party that will promotes citizen liberty and limited government long after any one Republican is gone.
I suggest Option Five. LP.org
I thought he had dropped out a while ago. Never saw this coming*sarcastic tone*
I am surprised he doesn't suspend the campaign, just like the other three dummies have done, so far.
Too bad, Ron. You were our best hope. On the other hand, this is the most coverage his campaign has had since it started.
Ron Paul ='s 2012 Ralph Nader
Never heard of a more direct way to say "Romney's wins."
He is NOT withddrawing!!! people, read the article!!!
Ron Paul did not withdraw from the race.
Ron Paul – The Pat Paulsen of the 21st century
Who is Ron Paul?
Ron Paul, the ONLY honest man in politics. Not only honest but brilliant. His ideas are crucial to bringing this country back to where it once was. The only man who would keep all the promises Obama hasn't kept. Ending the two wars Bush started, closing Gitmo, and leaving medical marijuana dispenseries alone. Not only that, he would legalize marijuana, a very important medicine for our generation.
You can always vote for Nader, I'm sure he'll run . . .
Third party enthusiasts should read up on political history. All third party candidates do is get the guy they hate most elected - by splitting either the right of center or left of center. At the end of the day, that's what we have to work with. I can't say I'm happy about that, but I'm a realist. Can't be changed any more than the tides.
And Ron Paul ideology, whether you love it or hate it - will never capture the American public. That's daydreaming, wishing on a star thinking. He's too out there for the majority. And he will never win over the GOP. Look, he has less delegates than Gingrich, who nobody likes. Wakey wakey.
"Sniffit, you clearly have no understanding whatsoever about what a mess the Dept. of Education really is...it virtually DESTROYED our education system. Before the federal govt. got involved in education, we were number 1. Now we're up in the high 20's. What happened? As a student, I can tell you first hand what trouble this is causing us..our schools are deteriorating, we can't afford new text book. One must understand the REAL cause of problems. And more government is not the solution."
First, I went to public high school in a ble collar town and wound up at a top tier college and law school. Don't tell me it's the Dept. of Ed's fault that some people don't. You can't afford a text book because of the recession, tax cuts for the wealthy, obscene defense spending, falling property values and the property taxes that go with them, etc. Inner city schools are not only wracked by budgetary problems, but also cultural, and over 2000-2008, part of that cultural problem was sitting in the Oval Office and in control of Congress. Second, nobody said "more" gov't. Keeping the DOE isn't "more" gov't if it already exists. What needs to happen is "more effective" gov't. Republicans have been tying the DOE in knots for decades and doing it ON PURPOSE to pander to their base and groups who, e.g., think creationism is a legitimate topic for discussion to follow Darwin's finches or who resent their kids coming home smarter than them by 3rd grade. Besides, the last thing they want to see is certain people finding their way out of the inner city and rural areas to compete with their "white children of good breeding."
and FINALLY cnn covers ron paul...
Tomasz, you say "as a student" as though that gives your opinion any more credibility, but the reality is that students typically have a very weak understanding of the education system overall, such that they actually believe that their tuition dollars come anywhere close to funding the full costs of their respective educations. Before the federal government got involved in education, blatantly discriminatory practices were par for the course and nobody of influence bothered to address them. We have a school system that prepares 20% of our students to go on to college and 80% to go into vocation, even though it is no longer practical for most students to finish high school and seek immediate work because careers in low-skill jobs are not on the upswing and will never again approach previous levels. Arguing that weakening government influence on education is what is needed to turn it around is foolish.
There seems to be a problem with reading comprehension among many posters here: Ron Paul has NOT dropped out of the race. Limited resources are being focused on winning delegates and other positions to influence the direction of the GOP.
Funny how the media can jump right on this "story" after ignoring months of delegate wins, state and local leadership wins, and crowds of thousands.
Sure.... he is handsome I admit. Withdrawing in a handsome way?
There goes a last chance Republicans had. How hard is it to understand that no one but Ron Paul and his ideas and views were the real counters of Obama the rest is mere advertisements.
Our primary isn't until June, but Mr. Paul will have my vote.