Bill Richardson officially exits race

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New Mexico Governor ended his presidential campaign today.

New Mexico Gov. Bill Richardson said on Thursday he was dropping his bid for the Democratic U.S. presidential nomination after a poor showing in the early contests.

"It is with great pride, understanding and acceptance that I am ending my campaign for president of the United States," he told supporters in Santa Fe, New Mexico.

"It's been an exhilarating and humbling year. An experience I will treasure and I will never forget."

Richardson, 60, who would have been the first Hispanic U.S. president if elected, won only 5 percent of the Democratic vote in Tuesday's New Hampshire primary, behind Sens. Hillary Clinton and Barack Obama and former North Carolina Sen. John Edwards.

Richardson grabbed only 2 percent of the vote in last week's Iowa caucuses, which kicked off the state-by-state process of selecting Democratic and Republican candidates for the presidential election in November to succeed President George W. Bush. - Reuters

Now we'll wait and see who he throws his support to. Richardson had 11 superdelegates that endorsed him and is a superdelegate himself.