(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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You were our only hope Obi Wan Kenobi
The Republic is Lost
Into exile, we must go.
I guess Paul's relatively small following just couldn't come up with enough cash to keep it all going. lol.
"to try and secure"
to try to secure
Who needs the support of the voters when you can manipulate delegates? Disgusting.
Boy I am not sure where you guys get the idea he is pulling out, but he is not doing thing of the sort. I think it is way out of line for CNN to post such an outlandish article. Get it straight!!!
Ron Paul WITHDREW from the race!
Ron Paul is still in it,he's just not going to spend tens of millions of dollars on advertising for his campaign... As was stated in the e-mail he sent out today. You can STILL vote for him in the primary and he is still winning delegates!
I think the Ron Paul movement should refocus their efforts on electing candidates at the city and state level, like the Tea Party did. Building it from the ground up, not just trying for the top job. You'll find a lot of young people showing up to his local rallies. Shouldn't they organize in the same way to put forth pro-liberty candidates for their local city councils, mayor's races, state offices or Congress? Even if Ron Paul were to be elected President, a President can't just do whatever he or she likes–they need political allies. We've all seen that "messiahs" don't work out–freedom is something we're always going to have to do the ground work on.
First off, delegates are decided at the state's conventions.....not at CNN's publishing. The MSM continues to give Romney delegates he simply does not have. Ron Paul has my vote! His ARMY will march forward and we will DESTROY the lobbyist's owned establishment and restore power to the American people.
Now he can run as third party canidate
8 years too late
We are still becoming delegates. Ron Paul is still going to the RNC. We are still joining the GOP by the hundreds. See you in Tampa. We are still fighting to repeal the Patriot Act, bring the troops home and reduce the size of the Federal Gov't. Ron Paul is just being honest about how best to continue this campaign and the best way to use the funds donated. I appreciate that.
A vote for Ron Paul is wasted. I think Mitt Romney agreees with many, but not all of what Paul holds important.
He isn't dropping out – it looks like he has won majority of delegates in over 15 states so far – with many more conventions left to go. Michigan is next. Plus it looks like the supporters who are "bound" can abstain and not vote the first vote which forces it to the next level.
Ron Paul has always run a fiscally conservative campaign, and if he gets one hundred million in donations tomorrow, the television ads in big, winner take all states will resume. He's just not going to go into debt on a bet that he can get someone to pay off his debts eventually. (Gingrich) He's also saving money for infrastructure/legal costs in the delegate battles. Ron Paul is still going to win the GOP nomination in August. CNN – update your delegate totals to show what Ron Paul really has accomplished.
The article states, "According to the most recent CNN estimate, Romney has secured 945 delegates, compared 286 for Santorum, 145 for Gingrich and 99 for Paul." Can you please explain HOW you come up with your estimate? Delegates are NOT awarded by the primary vote. The delegate process id much more intensive than that. If you want accurate delegate count information, here is the site to go to http://thereal2012delegatecount.com/ . The mainstream media, CNN included, simply want you to believe Romney is the winner. It isn't over yet. "When the primary or caucus is held in any given state, the AP takes the number of delegates allotted to that state and divides the total by the percentage of the vote gained by the candidate in the election. Even though no state convention has been held, the AP projects the number of delegates who will be "required" to vote for a candidate. If have seen Reality Check recently then you know there is precedent for why delegates are not bound."
too bad our once "watchdog" media has failed to be the infomation resource for all Americans..rather they have become a poor excuse for socializing, and deliberately hiding the truth from the masses..for example, have you seen anywhere on this site, that the FEDERAL RESERVE, has now begun, with the blessing of this administration, to sell American BANKS to the chinese, well they have..the days of wine and roses are OVER..
Ron Paul 2016 if he's still alive!!!!!!!!! I'm Democrat and Black and I would have voted for Ron Paul. Obama is the greatest president ever, but Ron Paul's for Mary jane, so Mary Jane wins!!!!!!!!!!!!!!!!!!!!!!!!!!
Way to go USA, we missed out on true change! God help us!
There are two kinds of voters this election. Not Republican and Democrat. There are Lobbyist Establishment voters and Ron Paul voter. I will NOT vote for Obamney in 2012!!!
Good, now if we can just get his son to stop mumbling bizarre statements.
This is the most coverage CNN has ever given to Ron Paul.
We will continue to push for your Mr. Paul...you are still a candidate who holds many people's values that refuse to vote for the other 2 people...
Ron Paul is NOT out of the race, he's just not wasting his money on rigged Primary states where the rules are really against his favor.
This is sad new for almost 10% of the republican party who voted for Ron, and had no idea that 10% is not a majority.