Rick Santorum Suspending GOP Campaign

by InvestorPlace Staff | April 10, 2012 2:55 pm

investorpoliticsletters2 Rick Santorum Suspending GOP Campaign[1]Republican primary candidate Rick Santorum called it quits Tuesday afternoon when he announced the suspension of his campaign, effectively paving the way for Mitt Romney to take on President Barack Obama this fall.

Santorum called Romney to make the announcement and was set to confirm it later at a press conference in Gettysburg, Pa.

Romney has built a substantial lead in delegates, though he still has several hundred more before his nomination can become official. Santorum had struggled throughout the race and won only a few states. Pennsylvania’s April 24 primary was considered pivotal to his survival, though recent polls signaled that his brisk lead was shrinking.

Were the election to be held today, Romney would lose to Obama 51%-44%, according to a Washington Post/ABC News poll out Tuesday.

The opinions contained in this column are solely those of the writer.

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