WASHINGTON, April 25, 2012 – Former House Speaker Newt Gingrich is prepared to shut down his badly faltering presidential campaign and endorse Mitt Romney as the GOP nominee in the crucial 2012 fall campaign, according to his advisors. The decision was apparently reached after Mr. Gingrich failed to win even the Delaware primary contest Tuesday evening.
According to an AP wire report, Mr. Gingrich “expects Romney will be the nominee” and “called on the party to unite behind the former Massachusetts governor.
Newt Gingrich during a recent campaign appearance in Buffalo, New York. (Credit: AP/David Duprey.)
“’You have to at some point be honest about what’s happening in the real world as opposed to what you would like to have happened,’” Mr. Gingrich stated to a gathering of supporters in Charlotte, North Carolina. He is said also to have discussed electoral matters with Mr. Romney on Wednesday, a day after the presumptive Republican nominee swept all of Tuesday’s primary contests.
Given his campaign’s indebtedness, it’s probable that Mr. Gingrich, like former Pennsylvania Senator Rick Santorum, will “suspend” his campaign at some point soon, a technicality that allows continued fundraising activities to cover outstanding campaign moneys owed.
Of Mr. Romney’s rivals, the only one left standing is Ron Paul who continues his scrappy fringe campaign in spite of his failure to win a single victory in any of the primary contests to date.
In a key New Hampshire speech last night, a confident Mitt Romney continued to hammer at the Obama Administration’s dismal economic record, a message he promises to drive home to American voters in the weeks and months ahead as the November elections approach.
Read more of Terry’s news and reviews at Curtain Up! in the Entertain Us neighborhood of the Washington. For Terry’s investing and political insights, visit his Communities column, The Prudent Man, in Business.
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