Fred Thompson dropped his presidential bid Tuesday.

Republican presidential hopeful and former Sen. Fred Thompson, R-Tenn.,is joined by his wife Jeri Thompson and daughter Hayden, 4, as he makes a campaign stop to talk to supporters Thursday, Jan. 17, 2008, in Prosperity, S.C. (AP Photo/Mary Ann Chastain)

From the Fred Files:

Today I have withdrawn my candidacy for President of the United States. I hope that my country and my party have benefited from our having made this effort. Jeri and I will always be grateful for the encouragement and friendship of so many wonderful people.

Breitbart reported:

Former Tennessee Sen. Fred Thompson quit the Republican presidential race on Tuesday, after a string of poor finishes in early primary and caucus states.

“Today, I have withdrawn my candidacy for president of the United States. I hope that my country and my party have benefited from our having made this effort,” Thompson said in a statement.

Thompson’s fate was sealed last Saturday in the South Carolina primary, when he finished third in a state that he had said he needed to win.

In the statement, Thompson did not say whether he would endorse any of his former rivals. He was one of a handful of members of Congress who supported Arizona Sen. John McCain in 2000 in his unsuccessful race against George W. Bush for the party nomination.

It looks like Molly Henneberg was right the other night describing the mood in the Thompson room as “like a funeral.”

HotAir is updating this news.

The Anchoress offers advice to a party running itself unto madness.
It is a must read.

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