Bill Richardson To Drop Out of Democratic Race

After fourth place finishes in the Iowa caucuses and the New Hampshire primary, New Mexico Governor Bill Richardson will quit the Democratic presidential nomination race. Not that he ever had a chance to win, anyway.

Richardson's showing in Iowa and New Hampshire were weak, to say the least. He drew 5% of the vote last night in the Granite State and 2% in Iowa, far behind the three heavy hitters - Barack Obama, Hillary Clinton and John Edwards. As with any election, it all comes down to the numbers. Richardson was never expected to draw a large number of voters, and single digits in both Iowa and New Hampshire sealed his fate. A Democratic strategist close to Richardson's campaign told CNN the end is near. "The numbers are the reason — not enough votes and not enough money. He enjoyed it and believes he made a contribution," the strategist said. An announcement is expected Thursday from New Mexico. Another potential candidate has exited to the sidelines. Thanks for coming out, Bill.