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Cain Suspends Presidential Campaign

8:25 PM, Dec 3, 2011 • By MICHAEL WARREN
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Herman Cain, the Georgia businessman, announced at an event in Atlanta on Saturday that he is suspending his presidential campaign. From the New York Times:

An unapologetic and defiant Herman Cain suspended his presidential campaign on Saturday, pledging that he “would not go away” even as he abandoned the Republican presidential race in the face of escalating accusations of sexual misconduct.

“As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign,” Mr. Cain said at a rally in Atlanta, surrounded by supporters chanting his name. “Because of the continued distractions, the continued hurt caused on me and my family, not because we are not fighters. Not because I’m not a fighter.”

In suspending his candidacy, as opposed to saying that he was ending his bid, Mr. Cain, according to campaign finance lawyers, maintains an ability to accept money to pay for his campaign so far and potentially to finance the new venture that he called his Plan B: to travel the country promoting his tax and foreign policy plans.

At today's announcement, Cain unveiled his new website, thecainsolutions.com, as a venue through which to move forward with his so-called "Plan B."

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