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Ron Paul says he will no longer spend resources campaigning |

Ron Paul says he will no longer spend resources campaigning

| Monday, May 14, 2012 3:28 p.m
In this May 5, 2012 file photo, presidential hopeful Ron Paul talks to delegates of the state GOP convention at John Ascauaga's Nugget in Reno. Paul today announced his campaign would no longer actively spend money seeking the presidential nomination.

U.S. Rep. Ron Paul said on Monday he will stop actively campaigning and spending money in the Republican presidential race but will continue trying to win delegates.

“We will continue to take leadership positions, win delegates and carry a strong message to the Republican National Convention that liberty is the way of the future,” Paul said in a statement to supporters.

Paul, 77, whose presidential campaign largely targeted caucus states, is not running for another term in Congress representing his Texas district. The Green Tree native told supporters he “will continue to work in the state convention process” but noted he no longer will spend “many tens of millions of dollars we simply do not have.”

Nebraska and Oregon hold primary elections today. Nine other states, including Texas and California, have primaries scheduled through the end of June.

“This campaign fought hard and won electoral success that the talking heads and pundits never thought possible,” Paul said. “But this campaign is also about more than just the 2012 election. It has been part of a quest I began 40 years ago and that so many have joined.

“It is about the campaign for liberty, which has taken a tremendous leap forward in this election and will continue to grow stronger in the future until we finally win.”

Paul ran for president in 1988 as the Libertarian Party’s nominee and ran as a Republican in 2008. This race is his most successful, gaining him 104 delegates. Candidates need 1,144 to secure the nomination. Former Massachusetts Gov. Mitt Romney, the presumptive nominee, has 996.

Paul told the Tribune-Review last month that one of his goals is to impact the August convention in Tampa with a strong showing of supporters and his message of fiscal discipline. He said he was “thrilled” that issues such as overhauling the Federal Reserve and the cost of the wars in Iraq and Afghanistan became part of the debates early in the race.

Paul said he’s humbled by the supporters who worked hard and sacrificed for his campaign, and is proud of what they accomplished. He said he’s hopeful that his supporters will remain involved, win offices and take leadership positions.

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