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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-12 06:03 AM
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Perry may drop presidential bid after Iowa
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Source: Reuters (John Whitesides)

Texas Governor Rick Perry, seen just months ago as a strong contender to become the 2012 Republican presidential nominee, said he would reassess his White House bid after a distant fifth place showing in Tuesday's Iowa caucuses.

"I have decided to return to Texas, assess the results of tonight's caucus to determine whether there is a path forward for myself in this race," Perry, who had led polls of Republican presidential candidates after he jumped into the race in August but committed a series of gaffes on the campaign trail, told supporters.

"With a little prayer and reflection, I'm going to decide the best path forward," said Perry, the longest-serving governor in Texas history.

A source close to the campaign said Perry was running out of money and did not want to go into debt.

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