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Rick Perry exit gives Newt Gingrich momentum as the anti-Mitt

Rick Perry will announce Thursday that he is dropping out of the race for the GOP presidential nomination and will back Newt Gingrich. The move could boost a Gingirch surge. 

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In this file photo taken Wednesday, Republican presidential candidate, Texas Gov. Rick Perry speaks in Greenville, S.C. AP Source says Texas Gov. Rick Perry abandoning presidential bid.

Paul Sancya/AP

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Texas Gov. Rick Perry’s expected exit from the Republican presidential race provides a psychological boost for former House Speaker Newt Gingrich’s surging campaign and heightens the stakes for the GOP candidates’ debate Thursday evening on CNN.

Governor Perry is slated to speak at a press conference Thursday.  News reports say he has alerted campaign contributors that he will drop out of the race and will endorse Mr. Gingrich.

The move comes just two days before voters go to the polls on Saturday in the South Carolina primary, which has voted for the candidate that went on to win the GOP presidential nomination in every election since 1980. 

Perry’s decision will help the Gingrich campaign with its effort to sell their candidate as the one person most likely to be able to stop former Massachusetts Gov. Mitt Romney’s second bid for the White House.  Former Pennsylvania Sen. Rick Santorum is also vying for that role.

It is an open question as to how many voters will take Perry’s advice to support Gingrich. The most recent polls show that much of Perry’s support had largely evaporated, with many former boosters shifting to other candidates who appeared to have a better chance. 

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