Romney Suspends Presidential Campaign

Former Gov. Mitt Romney suspended his bid to emerge as conservative standard bearer in the Republican party, after a disappointing showing in this week's Super Tuesday nationwide nominating clash. "This isn't an easy decision, I hate to lose," Romney said, at the Conservative Political Action Conference (CPAC), saying he felt compelled to quit to allow McCain to battle Democratic plans to "retreat" in the war on terror. "Because I love America, in this time of war I feel I have to now stand aside for our party and our country ... Barack and Hillary have made their intentions clear regarding Iraq and the war on terror. They would retreat and declare defeat ... And the consequence of that would be devastating. It would mean attacks on America, launched from safe havens that make Afghanistan under the Taliban look like child’s play. About this, I have no doubt.”

Although Romney stopped short of endorsing McCain, he praised the former Vietnam veteran's stand on Iraq, while failing to mention Huckabee. Senator McCain won nine of 21 states on offer Tuesday, giving him 720 delegates to the Republican convention, compared with 279 for Romney and 194 for Huckabee. He needs a total of 1,191 to win the nomination. Below is an excerpt of Romney's closing comments today:

. . . And finally, let's consider the greatest challenge facing America – and facing the entire civilized world: the threat of violent, radical Jihad. In one wing of the world of Islam, there is a conviction that all governments should be destroyed and replaced by a religious caliphate. These Jihadists will battle any form of democracy. To them, democracy is blasphemous for it says that citizens, not God shape the law. They find the idea of human equality to be offensive. They hate everything we believe about freedom just as we hate everything they believe about radical Jihad.

To battle this threat, we have sent the most courageous and brave soldiers in the world. But their numbers have been depleted by the Clinton years when troops were reduced by 500,000, when 80 ships were retired from the Navy, and when our human intelligence was slashed by 25%. We were told that we were getting a peace dividend. We got the dividend, but we didn't get the peace. In the face of evil in radical Jihad and given the inevitable military ambitions of China, we must act to rebuild our military might – raise military spending to 4% of our GDP, purchase the most modern armament, re-shape our fighting forces for the asymmetric demands we now face, and give the veterans the care they deserve.

Soon, the face of liberalism in America will have a new name. Whether it is Barack or Hillary, the result would be the same if they were to win the Presidency. The opponents of American culture would push the throttle, devising new justifications for judges to depart from the Constitution. Economic neophytes would layer heavier and heavier burdens on employers and families, slowing our economy and opening the way for foreign competition to further erode our lead.

Even though we face an uphill fight, I know that many in this room are fully behind my campaign. You are with me all the way to the convention. Fight on, just like Ronald Reagan did in 1976. But there is an important difference from 1976: today, we are a nation at war. "And Barack and Hillary have made their intentions clear regarding Iraq and the war on terror. They would retreat and declare defeat. And the consequence of that would be devastating. It would mean attacks on America, launched from safe havens that make Afghanistan under the Taliban look like child's play. About this, I have no doubt.

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."

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