As I addressed the Conservative Political Action Conference (CPAC) yesterday in Washington, D.C., I outlined what I know is the right course ahead for our nation – a course based on conservative principles such as individual responsibility, strong faith and values, economic strength with lower taxes and a national defense that will not retreat from the threat of evil extremism.

I disagree with Senator McCain on a number of issues, as you know. But I agree with him on doing whatever it takes to be successful in Iraq, on finding and executing Osama bin Laden, and on eliminating Al Qaeda and terror. If I fight on in my campaign, all the way to the convention, I would forestall the launch of a national campaign and make it more likely that Senator Clinton or Obama would win. And in this time of war, I simply cannot let my campaign be a part of aiding surrender to terror.

This is not an easy decision for me. I hate to lose. My family, my friends and, you, our supporters, have given a great deal to get me where I have a shot at becoming President. If this were only about me, I would go on. But I entered this race because I love America, and because I love America, I feel I must now stand aside, for our party and for our country.

You can be sure I will continue to stand for conservative principles. I will fight alongside you for all the things we believe in. And one of those things is that we cannot allow the next President of the United States to retreat in the face evil extremism.

It is the common task of each generation – and the burden of liberty – to preserve this country, expand its freedoms and renew its spirit so that its noble past is prologue to its glorious future.

Please stand proud today that you fought for a cause greater than yourself, and please continue to fight to preserve our ideals.

Thank you again so very much.

P.S. To read more about my vision for strengthening America’s future, please take a look at my speech from CPAC. Thank you.