Peter Hamby, Gloria Borger and Alexandra Jaffe of the CNN reports that three weeks to the day since he informed a group of Republican
financiers in New York that he was serious about a third presidential
bid, Romney on Friday finally pulled the plug on his long and sometimes
agonizing political career, telling supporters that he would not mount a third bid for the US Republican presidential nomination in 2016.
"He decided he could be the nominee," said
Tagg Romney, the oldest of Romney's five sons. "The fear was that in
order to get there it was going to be so hard fought that he could not
emerge from a position of strength." The family, he explained, "all said
we would support him, although none of us was looking forward to the
process. But no one said we won't go through this."
Romney's
decision to forgo a run, made over the weekend in consultation with his
family, came on the heels of what associates described as "frank" and
"clinical" strategy session with his closest advisers in Boston last
Friday at the offices of Solamere Capital, the financial firm run by
Tagg Romney and Spencer Zwick, Romney's top fundraiser. Romney's
announcement also came two days after David Kochel, one of Romney's
closest confidantes since his days as Massachusetts governor, announced
that he would join the likely campaign of Jeb Bush, Romney's top rival
for support in the Republican establishment.