Rick Perry drops his presidential bid

Updated at 12:05 p.m. ET

Rick Perry on Thursday dropped his bid for the Republican presidential nomination, throwing his support behind former House Speaker Newt Gingrich.

"I have come to the conclusion that there is no viable path forward for me in the 2012 campaign," Perry said at a press conference in North Charleston, South Carolina. "I know when it's time to make a strategic retreat."

Perry said the 2012 campaign has "never been about the candidates" but about defeating President Obama and replacing him "with a conservative leader who will bring about real change." He called Gingrich "a conservative visionary who can transform our country."

Gingrich appears to be gaining momentum in South Carolina, and Perry's endorsement could give the former speaker a critical boost just two days ahead of the Palmetto state primary. A senior campaign aide said Gingrich's staff had begun reaching out to Perry's campaign "aggressively" in recent days. Gingrich himself had suggested on the campaign trail that it would be helpful for him if Perry were to drop out.

Still, Gingrich's campaign has its hurdles. The candidate has come under scrutiny for his multiple marriages and past infidelity, and now his second wife, Marianne Gingrich, is saying the GOP presidential candidate wanted an "open marriage."

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In a December debate, Perry said that marital fidelity is "important" to the presidential race, adding that "he's always kind of been of the opinion that if you cheat on your wife, you'll cheat on your business partner."

Today, Perry noted that he and Gingrich have "had our differences... and Newt is not perfect, but who among us is?"

"The fact is, there is forgiveness for those who seek God, and I believe in the power of redemption," he continued. "I have no question Newt has the heart of a conservative reformer."

In a statement Thursday, Gingrich said he was "humbled and honored" to have Perry's support, calling him "a leader for the cause of conservatism." He asked Perry's supporters to consider his record, saying, "South Carolinians have a chance this Saturday to nominate a bold Reagan conservative who will offer a dramatic contrast with President Obama this fall in the general election."

At an event in Beaufort, South Carolina on Thursday, Gingrich said he spoke to Perry that morning and asked him to head up a "10th Amendment enforcement project, reaching out to every governor in the country in both parties," as well as other elected leaders.

Gingrich said the project would result in a strong party platform plank on the 10th Amendment, which protects states' rights, as well as legislation on the issue.

"We can then pass that legislation no later than the end of the first quarter of 2013 to return power to the citizens, to communities, and the states and get it out of Washington, D.C.," he said.

Gingrich said Perry agreed to take on the project.

Perry jumped into the presidential race last August to much fanfare, immediately surging to the top of the polls. But after multiple poor debate performances and campaign flubs, his campaign quickly began to flounder.

Perry finished in a disappointing fifth place in the Iowa caucuses and finished sixth in the New Hampshire primary after opting to skip campaigning in the Granite state. Even though he ceded New Hampshire to focus on the more conservative state of South Carolina, polls have shown him stuck in the single digits and in last place there. Perry was also performing poorly nationally, according to the latest CBS News/ New York Times poll released Wednesday.

Conservative pundits call on Perry to drop out
Full CBSNews.com coverage of Rick Perry's campaign

With the South Carolina primary as possibly the last opportunity to significantly slow Mitt Romney's momentum, conservatives have been anxious for Perry to drop out so the GOP could coalesce around another candidate. Conservative radio host Laura Ingraham and conservative blogger Erick Erickson of the site RedState.com both said on Wednesday that Perry should drop out.

Some conservatives, including a coalition of more than 100 social conservatives, have thrown their support behind Rick Santorum, who virtually tied Romney in the Iowa caucuses.

Others, meanwhile, see Newt Gingrich as the most viable alternative to defeat Romney. While Romney just two weeks ago held a 20-point lead in South Carolina, new polls show that Gingrich has made significant inroads there. In a new NBC/Marist poll conducted Monday and Tuesday, Gingrich earned 24 percent support to Romney's 34 percent

In a statement, Romney commended Perry for running "a campaign based upon love of country and conservative principles."

CBS News/ National Journal reporters Rebecca Kaplan and Sarah Huisenga contributed to this report.

20 Photos

Rick Perry on the campaign trail

[hawkman1001-2009]

Thanks you Rick Perry for deciding to scurry back to Texas with your tail between your legs. You are about the last person who should be let anywhere near the nuclear button.

[smittyc]

Sorry to see Rick Perry go, but am relieved for the state of Texas. He has and is doing a good job for his Great State Texas. With the past and apparent current drought in Texas, Perry will be needed now more than ever during the downturn which Texas came through unscathed due to Perry guidance and leadership. God Bless Rick Perry and God Bless Texas!!!

[noloyalisti]

There is no news about this in the Top 1% corporation media but don't forget that tomorrow Friday, January 20th is a nationwide Occupy the Courts action to protest the tragic Citizens United.

Complete listing of actions at

https://maps.google.com/maps/ms?msid=212543303386647618890.0004b3214495abde956d0&msa=0&ll=52.908902,-106.875&spn=13.828201,43.110352

[seedorrw]

Governor Perry could have dropped out of this race with honor by not endorsing anyone or at least not endorsing Newt Gingrich. Newt Gingrich espouses family values and ethics but has none. Governor Perry has submerged his political career forever.

[noloyalisti]

Hopefully the rest of the ridiculous clown from the failed and obsolete Republicon Party of the Top 1% will also drop out. They need to all go lie down in the corner before they hurt themselves (or kill millions more people in a war for their corporate masters). Enough is enough of these violent idiots.

[longtree-2009]

got to give him an S for having the stones to campaign for the nomination for potus. endorsing newt just removes all doubt as to the quality of perry's brain.

[seedorrw]

I a nice way I agree with you. Governor Perry's endorsement of Newt Gingrich shows a lack of political sense and more importantly, he would endorse a candidate with no ethics, morals, or values.

[petesis]

Was that a Presidential Bid? Oh wow. I wouldn't have recognized it if CBS hadn't told me about it. I thought he was just on a speaking tour for old people homes. Oops.

Republitards are done. Mitt, Newt, Santorum, Paul? Ha Ha Ha Ha Ha

[noloyalisti]

The Cons are complete sell out to the greedy corporate interests that have destroyed America. Now it is time to make them all pay it back.

[petesis]

Was that a Presidential Bid? Oh wow. I wouldn't have recognized it if CBS hadn't told me about it. I thought he was just on a speaking tour for old people homes. Oops.

Republitards are done. Mitt, Newt, Santorum, Paul? Ha Ha Ha Ha Ha

[DenverBroncofan]

by Zann-Zel January 19, 2012 5:07 PM EST
George....its not over! ; )
==========================================================

The Occury was over the same day it started. The only thing it accomplished was thousands of lazy people that were able to leave their parents basement for a tent. Many should get used to what they will be living in for years to come

[karlimhof]

Shucks, really hurts to lose this towering intellect!