Former senator Fred Thompson of Tennessee bowed to the obvious, dropping out of the presidential race with a typically terse statement.

“Today I have withdrawn my candidacy for President of the United States,” Thompson’s statement read. “I hope that my country and my party have benefited from our having made this effort. Jeri and I will always be grateful for the encouragement and friendship of so many wonderful people.”

Fred Thompson’s campaign never gained much traction, despite him polling extremely well among Republicans before he even started running.

Despite his strong conservative credentials and Law & Order popularity, Thompson often appeared distant and aloof on the campaign trail.

You mean you actually have to work for this?

Here’s an absolute stunner. Those close to Fred Thompson say that his mind has been elsewhere - you’re kidding! - since his disappointing third place finish in South Carolina’s Republican presidential primary.

Those sources suggested that Fred Thompson is not likely to immediately endorse any of the remaining candidates in the field.

Officials for top competitors Sen. John McCain (Ariz.) and former governor Mitt Romney (Mass.) insist they have had no contact with Thompson.

It had long been assumed that if Thompson dropped out he would almost certainly support McCain, who he backed in 2000 against George W. Bush.

What is not clear is what value that has now.

Continue reading about Thompson’s exit …