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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Densiebj who wrote (62702)	9/26/1999 10:33:00 PM
From: JeffA	Read Replies (1) \| Respond to of 90042

Sunday September 26, 9:09 pm Eastern Time Quayle to quit White House race - source (adds detail, background By Thomas Ferraro WASHINGTON, Sept 26 (Reuters) - Former Vice President Dan Quayle, running short of cash, has decided to drop out of the race for the 2000 Republican presidential nomination, a senior aide said on Sunday. Quayle, far behind Republican front-runner George W. Bush in the polls as well as the money, will announce his withdrawal on Monday at a news conference in Phoenix, Arizona, at 11 a.m. (noon EDT), the aide said. Quayle, 52, will become the first current or former vice president to be denied his party's presidential nomination in a half century. ``The vice president concluded he did not have the money to compete effectively,' said the aide, speaking on the condition of anonymity. During the first six months of this year, Quayle managed to raise $3.4 million, less than one-tenth of the record amount raked in by Texas Gov. Bush. The Quayle aide said he was unaware if Quayle would endorse Bush, the 53-year-old son of former President George Bush, under whom Quayle served as vice president from 1989 to 1993. Quayle has been saddled with the image of a gaffe-prone intellectual lightweight since shortly after the elder Bush selected him as his running mate in 1988. Though Quayle managed to score some impressive political victories, making ``family values' a battle cry of the Republican Party, many Americans simply did not see him as presidential material. On Aug. 15, Quayle finished a disappointing eighth in the Iowa Republican Straw Poll, with less than 4 percent of the vote, one spot behind radio talk show host Alan Keyes. Afterward, a number of Quayle supporters bailed out and defected to the campaigns of Republican presidential rivals. Quayle responded to his defeat in the Iowa straw poll by concentrating his money, time and troops in New Hampshire, which will hold the nation's first presidential primary in February. ``The vice president felt he would do well in New Hampshire,' the aide said. ``But he concluded he would not have the resources' needed for a crush of subsequent primaries. Quayle will be the fourth Republican to drop out of the race, following Rep. John Kasich of Ohio, former Tennessee Gov. Lamar Alexander and Sen. Bob Smith of New Hampshire. Smith bolted from the Republican Party in July and is now running for the White House as a long-shot independent. Quayle had taken strength in the fact that he placed second among Republican nominees in a national CNN/Time poll conducted Sept. 21-23 and released on Friday. Yet even that survey showed Quayle with the support of only nine percent of Republican voters, 44 points behind Bush. Elizabeth Dole was third with 8 percent, followed by Sen. John McCain of Arizona, publishing giant Steve Forbes, and conservative commentator Pat Buchanan, who each had 5 percent. Keyes was seventh with 3 percent, followed by Sen. Orrin Hatch of Utah, and conservative activist Gary Bauer, each of whom had 2 percent.