Rick Perry suspends his Presidential campaign, endorses Newt Gingrich

Reported by Veronica Roberts

Thursday, January 19, 2012

UPDATES

In a press conference on Thursday, Rick PerryRick Perry announced that he will be suspending his campaign and threw his support behind Newt Gingrich. Saying he "saw no viable path forward," he endorsed Gingrich as the one with the "heart of a Conservative reformer," to lead the fight against president Obama in November.

Perry added that America needed bold leaders and real transformation to put it back on track, saying "I'm not done fighting for the cause of Conservatism, as a matter of fact, I have just begun."

Just what form this 'conservatism fighting' will take was not disclosed at this time.

Scroll down for earlier report.

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Charleston, SC]---Then there were four for it looks like this is the end of the road for another GOP Presidential candidate. Texas governor Rick Perry will reportedly announce on Thursday that he's dropping out of the race to be the nominee.

According to a CNN report, sources close to the Perry camp say he will make the announcement before Thursday's debate scheduled for 8:00 P.M. in South Carolina.

This new development comes 2 days before that State's Saturday Primary.

Candidate Perry has lagged dismally in the polls lately and has lost the huge surge he received soon after he threw his hat into the race in August 2011. Though he did well in the campaign contribution department, raising millions, it did not save him from this day.

A series of serious gaffes and debate amnesia sent him plummeting even further. As the race heated up, the Texas governor seem to deflate and fade. He was seen sweating profusely in New Hampshire late last year, while speaking strangely and in one of the Republican many debates, his performance was pretty painful when he forgot which departments he proposed to cut even if he had recently unveiled his Energy Plan, one of the 3 slated for cuts under his watch.

He continued to struggle and his barrage of ads didn't help. Perry came in last in the New Hampshire Primary and before that, placed fifth in the Iowa Caucuses. Polls show he is even lagging behind some of the other candidates in his home State of Texas.

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