Newt Gingrich Drops Out of Presidential Race

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Republican Newt Gingrich dropped out of the presidential race Wednesday, ending what was a turbulent, roller coaster bid for the White House.

With millions of dollars in campaign debt and just two GOP primary victories under his belt, the former House Speaker finally bowed out.

"Today I am suspending the campaign, but suspending the campaign does not mean suspending citizenship," Gingrich said in lengthy remarks.

Gingrich deemed the campaign "a truly wild ride" in Arlington, Va., saying, "I could never have predicted either the low points or the high points."

Quoting an observer who suggested his best days may be ahead, Newt vowed to focus on balancing the U.S. budget, advocating for "religious liberty" and social security savings accounts and working for American energy independence.

He said he would work to "reemphasize the work ethic" in America, advocate for national security positions and press for increased brain research.

Gingrich also stood behind his campaign push for a moon colony, though he admitted that it was "probably not my most clever comment in this campaign." He said Americans should seek to "go out and pursue great adventure."

Gingrich, who said during the campaign that presumptive nominee Mitt Romney was not a true conservative, said Wednesday that Romney should be certainly considered conservative in comparison to President Obama.

"This is not a choice between Mitt Romney and Ronald Reagan, it is between Mitt Romney and the most radical leftist president in American history," he said.

Gingrich did not endorse Romney Wednesday, but his spokesman, R.C. Hammond, said he planned to do so at a joint appearance with him in the future.

In a statement, Romney, who has now dispatched all rivals but Ron Paul through attrition, praised Newt in a statement, saying that Gingrich "has brought creativity and intellectual vitality to American political life."

"During the course of this campaign, Newt demonstrated both eloquence and fearlessness in advancing conservative ideas," he said.

"Although he long ago created an enduring place for himself in American history, I am confident that he will continue to make important contributions to our party and to the life of the nation. Ann and I are proud to call Newt and Callista friends and we look forward to working with them in the months and years ahead as we fight to restore America's promise."

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Newt Tried...he tried his best to change america but has failed.His failure will lead to my...

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Newt is pathetic! Dumb a** should have dropped out much sooner before his debt mounted. Now he's demanding Mitt help him pay off his debts and give him a big, visible role at the national convention. This man is an egomaniac. Romney would do well to distance himself from this self-indulged buffoon as much he can. I am just relieved Newt is finally OUT....however, he's unfortunately not gone! Time for Newtie and his blond puppet wifey to retire and take the grandkids to Disney World!

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Newt has dirt but his ass is not stupid. He can debate. Even a broke clock is right twice a day. Romney could use his advice. If Warren Buffet is ear screwing Obama then why shouldn't Mitt get inside of the head of Newt!

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Wow. No wonder our Union is in so much trouble when people think that someone that can't possibly beat Obama, should get inside the head of someone who has even less change and is an ethical nightmare. Both sides are idiots. It's time for a 3rd party.

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Ron Paul 2012!!!!!

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If Romney can get inside his head and take a few pointers he will be all the better off for it. This Country is in desperate need of Leadership. What has been uncovered just this year with the current Administration is unbelievable! The wasted Taxpayer Dollars when US citizens are suffering - no excuse for it.