Rick Perry drops out of race, endorses Gingrich


NBC News reports: Texas Governor Rick Perry announced today that he is dropping out of the presidential race and is endorsing Newt Gingrich for the Republican nomination.

"There is no viable path forward for me," he told supporters today. "I gave fully of myself for a cause worthy of this country," he added. Perry said it was time for him to make a "strategic retreat."

Spokesman Ray Sullivan told reporters after the announcement that money was a factor; that the campaign had gone through "the bulk of our friends." He added that Perry is not yet ruling out running for re-election as governor or making another play for the White House in four years.

Of Gingrich, Perry said, "Newt is not perfect, but who among us is?" Perry continued, "There is forgiveness for those who seek God." He applauded Gingrich as "a conservative visionary who can transform our country."

The former House speaker watched Perry's speech from his campaign bus, parked outside of Beaufort, S.C. He said he was "honored and humbled" by the endorsement. He called Perry a "great patriot."

More on Perry's "strategic retreat" here.

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