CNN is reporting former Massachusetts Governor Mitt Romney may announce he's suspending his campaign for president.
Suspending a campaign has a different meaning depending on the party.Update! 1:07 pm The full transcript of Romney's speech is at Time Magazine (ht: Althouse). Rush Limbaugh jokingly asked on the air, "Why do people wait until they're out of the race to give their best speech?" An excerpt from Romney's speech:
On the Republican side, decisions on how to allocate delegates is left to the state parties.
On the Democratic side, a candidate who "suspends" is technically still a candidate so he or she keeps both district and statewide delegates won through primaries and caucuses. Superdelegates are always free to support any candidate at any time, whether the candidate drops out, suspends or stays in.
National party rules say that a candidate who "drops out" keeps any district-level delegates he or she has won so far but loses any statewide delegates he or she has won.
Romney is expected to announce his decision Thursday afternoon at the annual Conservative Political Action Conference in Washington, three Republican sources told CNN.
I disagree with Senator McCain on a number of issues, as you know. But I agree with him on doing whatever it takes to be successful in Iraq, on finding and executing Osama bin Laden, and on eliminating Al Qaeda and terror. If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator Clinton or Obama would win. And in this time of war, I simply cannot let my campaign, be a part of aiding a surrender to terror.
This is not an easy decision for me. I hate to lose. My family, my friends and our supporters… many of you right here in this room… have given a great deal to get me where I have a shot at becoming President. If this were only about me, I would go on. But I entered this race because I love America, and because I love America, I feel I must now stand aside, for our party and for our country.
I will continue to stand for conservative principles; I will fight alongside you for all the things we believe in. And one of those things is that we cannot allow the next President of the United States to retreat in the face evil extremism!!
It is the common task of each generation—and the burden of liberty—to preserve this country, expand its freedoms and renew its spirit so that its noble past is prologue to its glorious future.
To this task… accepting this burden… we are all dedicated, and I firmly believe, by the providence of the Almighty, that we will succeed beyond our fondest hope. America must remain, as it has always been, the hope of the earth.
Thank you, and God bless America.