"Paul told senior staff about his decision on Tuesday. Other staff were notified Tuesday evening and the entire Paul campaign was told via a conference call on Wednesday morning at about 8:45, according to a campaign source. In that call the Kentucky senator talked about smaller government, continuing his fight for "liberty" and the Fourth Amendment.
For months, Paul struggled to gain traction or garner attention in a race that has been dominated by Donald Trump and Ted Cruz. Paul hadn’t registered in double digits in any national poll since May, after he had led some surveys in 2014 and had been declared the “most interesting man” in Republican politics.
Paul had initially been viewed as a stronger contender than his father, former Rep. Ron Paul, who ran for president in 2008 and 2012 on a narrow libertarian appeal. The younger Paul had hope to build on the libertarian grassroots base that had poured tens of millions of dollars into the elder Paul’s campaigns and expand it to more mainstream Republicans.
In the end, he was able to do neither."
http://www.politico.com/story/2016/02/rand-paul-dropping-out-of-white-house-race-218675
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