Weekly Open Thread – Cain Announcement Day Edition

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So he’s making a big announcement today on whether he will be staying in the race or not. CSPAN for the live feed. No one really knows when he is going to speak. Some say 1:30 p.m. ET, while other’s are saying 12:30. The mood is supposedly quite festive from the Cain camp which suggests he is staying in but then there is this report:

In the hours before he made his planned midday announcement about the future of his presidential campaign, Republican candidate Herman Cain reached out so some of his rivals.

“We have talked to the Cain Camp, but we don’t want to characterize the conversations,” said Alice Stewart, a spokesman for Rep. Michele Bachmann, R-Minn.

That suggests he is bowing out.

Guess we will all know in a bit.

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He’s pulling a Hillary… doing a “suspension”. According to the Daily Beast, Ms. Cain wanted him to drop out.

Suspension…. everyone remember the suspension card? Roll call tensions at conventions with superdelegates able to change the course of history? (nope, didn’t happen, of course…)

Cain could have endorsed another candidate now, when his support was still high. What will happen in this “pause” mode? Will his endorsement be whittled away to a value of nothing?

Like Hillary, something’s up with Cain. Perhaps he thinks he can pull this off after all, and hopes that media scrutiny will be going away in light of this. Don’t think so… the only way that would happen is if he flat out withdrew.

I guess we’ll have to wait to see what Mr. Cain has in mind. But it’s obviously not getting out of the race.

It seems pretty well equivalent to quitting. You can’t expect to get donations, endorsements, air time and so on while your campaign is suspended. I don’t know whether the idea is to retain such delegates as he might get, for future horsetrading, or whether he’s just trying to avoid looking like a quitter.

At 12:30 CST, live coverage was heard. Herman Cain’s address (Courtesy of WLSAM and Al-AP). It’s was just too hard for his campaign to keep the cash flowing. I believe he was Axel-rodded. Here is Plan B