Romney to Drop Out This Afternoon? [UPDATE: He's Out!]

So far, Romney has spent $1.16 million per delegate.  As a shrewd businessman, perhaps he realizes that this is not a good investment of his money?

If Romney does drop out, does that clinch it for John McCain, or does it give Mike Huckabee new life?  What do you think?

P.S. Bill Bolling endorsed Romney; so much for that coveted Cabinet post! :)

UPDATE 12:23 pm:  CNN reports, "Republican Mitt Romney to suspend campaign."

UPDATE by ROB:  Of course, this means that the Democratic primary is the only primary that matters in Virginia this Tuesday.  A vote in the GOP primary is a rubber stamp of John McCain.  A vote in the Democratic primary will have real meaning for a still contested race.

UPDATE by Lowell: Good point by Rob.  This also means that independents -- I realize we don't register by party in Virginia, I'm talking about people who don't identify strongly with either party -- will be more likely to vote in the Democratic primary.  

UPDATE 12:56 PM: The AP writes that "John McCain effectively sealed the Republican presidential nomination on Thursday as chief rival Mitt Romney suspended his faltering presidential campaign."  It's over, folks, John McCain's the Republican nominee.  The Democrats, on the other hand...could be a loooong while.  Needless to say, this was NOT the plan by the "powers that be" in either party.  Ah, Democracy! :)

UPDATE 1:38 PM: An utterly bizarre statement by an utterly bizarre candidate: "...in this time of war, I simply cannot let my campaign be a part of aiding a surrender to terror."  Huh?? He dropped out so we don't lose the "war on terror?"  My. God.

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