(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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If the world was flat, we would have elected Ron.
Ron Paul is a wannabe. He is Ralph Nader for today, not a snowball's chance in h ell, but only siphoning off votes of others. Good riddance!
If you only get 10% of the republican primary vote, your only hope is to buy delegates.
remember those who have been destroyed, literally and/or figuratively, for their principled dissent?
I love the Ron Paul supporters who still think there's gonna be some massive convention upset that results in him winning. You guys are more delusional than Newt was, and he was INCREDIBLY delusional.
If he wasn't a Republican I would have voted for him. I'm tired of the two party system.
Ron Paul practices what he preaches. Since he believes in fiscal responsibility, he is not going into debt to spend $$$$ advertising in state's primaries. He is STILL IN THE RACE. He has not dropped out or suspended his campaign.
No surprise nor any great loss to the political process.
Ron Paul at least deserves a cabinet position. Preferably in a sturdy steel or oak cabinet with a strong lock.
Well it's about time! Mr. Paul, you didn't have a snowball's chance in he ll of winning the nomination anyway. Please do not run for POTUS anymore. Now it's time for Randy Rand Paul. Bring him on!
He didn't drop out. This and drudgge are very misleading. He is just not wasting money on primaries that won't mean anything. He is continuing the delegate strategy that earned him wins in Iowa, Maine, Louisiana, etc. etc.
I told the Pauls...Ron and Rand are only for joking purposes.
There are too many people who rely on living off the government in this country to vote for someone who would actually put into motion the things we need to get our country back on track again. People just don't feel like trying anymore. It is a shame, and we all will pay for it.
Big govt exists because there are folks out there who will bend any and all rules to make a profit. No limit on what they will do – even within current laws. So, regulations have to be put in place to prevent that, then we need folks to administer and enforce those same regs. Can't have the fox making the hen house guard schedule, can we. It's that simple. Apply that to everything from commerce to education to energy to defense to social programs like SS and Medicare.. and hey presto!! Big Govt.
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.
Did you read this? Paul supporters are too out there and so is their creep of a candidate.
Ron Paul is a great man and I encourage everybody to vote for him.
With everyone in his family on the payroll my guess is the gravy train of donations has dried up. There is a country though that has realized the dream for America Mr. Paul has. Its called Somalia and having a government isn't always a bad thing unless you want to live like Mad Max.
Gee, what a surprise...Paul is out of the race. I bet NO ONE saw THIS coming! LOL
Ron who ??
Mitt Romney is going to regret why he didn't convince Ron Paul stop building up his supporters who are going to turn against Romney. These supporters are not easy going ones and not ready to hear Ron Paul telling them to get behind Romney. It might be a scary bloc to Romney!
There's also the dogma that the GOBP is for smaller govt and less taxes. It has NEVER happened – do some research. Sure, occasionally there's been a tax decrease, but always offset by a later increase – except for Dubya. For example: there hasn't been a GOP President in living memory that HASN'T raised taxes except Dubya. David Stockman, Reagans budget chief who presided over the Gipper's supply-side tax cuts, announced that the 'debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts.'
Been going down the tubes for a while now... it hit on Obama's watch.
>>>he decided the best way to "secure delegates" is to stop trying to obtain any more in states that haven't yet voted. I hope all you Ron Paul groupies realize he sold you out, just as some of us predicted months ago.<<<
Um, read the article. It explains why he is not going that route.
Seriously people. If you don't read the article you comment on, you are bound to make a fool of yourself like "Another Day in the RW Idiot Mines". A fitting name apparently/
Um, read the article. It explains why he is not going that route.
Seriously people. If you don't read the article you comment on, you are bound to make a fool of yourself like "Another Day in the RW Idio# Mines". A fitting name apparently.
Seriously people. If you don't read the article you comment on, you are bound to embarrass yourself in this way.
I want Ron Paul to run as a third party candidate, please, pretty please. The comedy will be never ending if he does. Maybe he could get Santorum or Palin to run as his VP candidate. Or how about his every so intelligent son, Ru, I mean Ron Paul.