After dominating headlines and also rising remarkably in polls across the U.S., Republican presidential candidate and restaurant executive Herman Cain announced on Saturday he would suspend his presidential bid.
"As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign," Cain said, according to MSNBC
. "I am suspending my presidential campaign because of the continued distraction, the continued hurt caused on me and my family. Not because we are not fighters."
Cain blamed "false accusations" for a string of distractions that brought him to the decision to suspend his popular presidential campaign.
"But as false accusations against me continue, they have sidetracked and distracted my ability to present solutions to the American people," Cain said, defiantly. "Now, I have made many mistakes in life. Everybody has. I've made mistakes professionally, personally, as a candidate in terms of how I run my campaign, and I take responsibility for the mistakes that I've made. And I have been the very first to own up to any of the mistakes that I have made."
Cain's presidential aspirations appeared to be on the ropes, and his plummet in the polls in Iowa alone, as ABC News reported on Friday
, was creating a narrative of its own.
Over chants of "Herman, Herman, Herman," Cain characterized his decision as problematic for America, since, as Cain sees it, the nation will be denied his solutions.
Cain's decision to suspend his campaign could spell good news for fellow Republican presidential hopeful Newt Gingrich, and speculation has begun that Cain could endorse Gingrich.
"Gingrich and Cain developed strong political ties on the campaign trail and engaged in a Lincoln - Douglas style debate a few weeks ago," Kerry Picket wrote in the Washington Times
on Saturday. "One must wonder with American Solutions shuttered and Cain solutions launched, along with Newt sitting on top of the current GOP primary polls, perhaps Herman Cain is laying down a foundation for a Newt Gingrich endorsement."
Cain also hinted at a Plan B: traveling from state to state, promoting his tax and foreign policy plans.
The New York Times notes
Cain said that the ultimate decision on continuing his presidential bid "would rest with Mrs. Cain, with whom he spent Friday night at home in suburban Atlanta."