Newspaper article St Louis Post-Dispatch (MO)

Forbes Is Giving Up Gop Race, Aides Say Presidential Campaign Cost Him $25 Million

Newspaper article St Louis Post-Dispatch (MO)

Forbes Is Giving Up Gop Race, Aides Say Presidential Campaign Cost Him $25 Million

Article excerpt

With just 76 delegates to show for his investment of at least $25 million, Steve Forbes decided Wednesday to abandon his bid for the Republican presidential nomination and throw his support to GOP front-runner Bob Dole, aides said.

Forbes planned a formal announcement this afternoon in Washington, said campaign manager Bill Dal Col. A senior Forbes aide, speaking on the condition of anonymity, said Forbes would endorse Dole and pledge his help in defeating President Bill Clinton in the fall.

Dal Col said one reason Forbes put off the formal announcement for a day was so that his family could join him.

When asked about Forbes' decision, Dole said: "No doubt about it - it helps." He declined further comment on the contest until Forbes' statement today.

Dole, the Senate majority leader, was back Wednesday on Capitol Hill, tending to the legislative business that has been piling up while he has campaigned.

Pat Buchanan, the third contender, was on the stump in Ohio. After learning of Forbes' decision, he repeated his pledge to stay in the race until the convention in August.

Forbes garnered 901,000 votes during the primary season - 16 percent of all those cast, putting him third behind Dole and Buchanan.

Forbes had said as recently as Wednesday morning that he would stay in the race through the Midwestern primaries next Tuesday.

But after a loss Tuesday in seven primaries, he began to reconsider. And after spending much of Wednesday closeted in a hotel room in Washington with advisers, Forbes accepted their judgment that the chances for a victory in Illinois, Ohio, Michigan or Wisconsin were bleak, given Dole's big lead.

Forbes then began considering quitting sooner and contacted several associates outside his senior campaign staff before making his decision, sources said.

Forbes won primaries in Delaware and Arizona - and then suffered a string of defeats.

Since Arizona, Forbes has not spent much money on television advertising, a sign to campaign watchers that he had reached his own spending limit. …

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