Ron Paul to withdraw from presidential race

By Rick Morris

UPDATE: This was published as a straight news story, devoid of any editorializing. However, in response to many of the know-nothing reactions that this story has engendered in many quarters, we have created an FAQ section so that people may at least choose to avail themselves of basic facts and not embarrass themselves with baseless assertions.

Troubled by internal polls showing insurgent challenger Chris Peden having pulled ahead shockingly in the Texas 14th congressional district, Congressman Ron Paul will be pulling out of the Republican presidential race in advance of his home state's March 4 primary, The FDH Lounge blog has learned. This news comes from a source with access to Paul's congressional campaign and it parallels a recent move on the Democratic side of the White House run as fellow party establishment irritant Dennis Kucinich was forced to abandon his efforts in order to focus on a threat to his congressional seat. The key difference? Longtime Kucinich ally North Olmsted mayor Thomas O'Grady entered the race to split the vote, while Paul's refusal to engage in such tactics has backfired on him.

Peden's lead is extremely surprising given the vast disparity in resources between the campaigns, a divide that will only grow as Paul is able to divert funds contributed by his large base of small contributors to his presidential race back into the House of Representatives campaign. Over the past year, Paul's libertarian-based platform struck the most fiscally conservative note of any of the Republican aspirants, but it also contained an isolationist streak that put him at odds with the party base -- and those foreign policy views are currently the biggest problem for Paul in an extraordinarily conservative district. The irony is that Paul positioned himself as a determined upstart out to topple the powerful national establishment, but he himself has been the Goliath of the Texas 14th until very recently -- when the district's David, Chris Peden, amazed the world by forcing an end to his crusade for the White House, dubbed by his followers The Ron Paul Revolution.