Tim Pawlenty bows out of GOP presidential race after Iowa straw poll. Winner Michele Bachmann and newcomer Rick Perry are expected to vie for favor of social conservatives, but Perry could also take support from Mitt Romney.
Candidates who go all-in but fall well short in Ames typically find it difficult to raise money, and without personal wealth to fall back on, Mr. Pawlenty decided to cut his losses and bow out. In addition, the entry of Texas Gov. Rick Perry into the race Saturday, combined with Minnesota Rep. Michele Bachmann’s victory in the straw poll, has shifted the focus to their expected battle for the hearts and minds of conservatives.
As things look now, the weekend scrambling of the race highlights three top players: Governor Perry, Congresswoman Bachmann, and Mitt Romney, former governor of Massachusetts.
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