MILWAUKEE — Former Wisconsin Gov. Tommy Thompson, the longshot who had pinned his 2008 presidential hopes on a top-two showing in the Iowa Republican Party Straw Poll, has decided to end his candidacy, FOX News has learned.
"I'm outta the race," Thompson told MyFoxMilwaukee.com.
Thompson, 65, said he felt like he'd been hit by a Mack truck after hearing the news of his 6th place finish at Saturday's Iowa Republican Party Straw Poll, adding that his campaign was shocked after hearing the results. They were hoping for a top two finish.
While Thompson isn't endorsing any Republican candidate for president yet, he said he's been approached by some of them.
Thompson was facing an uphill battle from the outset, lagging well behind the leading Republican presidential candidates in fundraising.
He raised $473,000 from April to June, while GOP rivals Romney and former New York City Mayor Rudy Giuliani each raised more than $10 million during the same period.
Thompson spokesman Brian Dumas said the governor would make a formal announcement about his campaign within the next two days.
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