Ron Paul Admits 'Conventional Defeat'
Ron Paul is getting out of the race.
In a message posted on YouTube on Thursday, Representative Ron Paul acknowledged that he would not be able to win the Republican presidential nomination.
“Though victory in the conventional political sense is not available in the presidential race, many victories have been achieved due to your hard work and enthusiasm,” Mr. Paul, of Texas, said in the video, which clocked in at over seven minutes long.
Nonetheless, he said later, he would continue to compete.
“The presidential campaign will soon wind down,” he said. “But we do still encourage all effort to gain the maximum number of votes and delegates in all the remaining primaries and to continue the caucus process that’s ongoing in the other states by loyal volunteers.”
He added that he would continue to campaign in person around the country.
As the Texas primaries approached, Mr. Paul scaled back his presidential campaign in February. He successfully fended off a challenger for the Republican nomination in his Congressional district on Tuesday.
Mr. Paul, whose libertarian message centering on opposition to the Iraq war and the Federal Reserve propelled him to record-breaking fund-raising, if not electoral, success, proposed a national rally in Washington on June 21, but said his presidential campaign would not be directly involved.
“I don’t mind playing a key role in the revolution, but it has to be more than a Ron Paul revolution,” he said.
He envisioned a bleak future, but ended on a hopeful note.
“At the rate our economy is slipping, we will likely see the disintegration fo the American empire,” he said. But he later added, “Today’s events should be seen as a tremendous opportunity to change our country for the good.”