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Bachmann suspends campaign after disappointing Iowa results

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While it seemed like no one could say with authority how yesterday's Republican caucus in Iowa would shake out, it was clear that — after months of different front-runners in a large field of potentials — the results had the potential to make and break more than a few campaigns. And while Romney, Santorum, and Paul all probably left the Hawkeye state pleased with their respective first, second, and third places, others probably ended last night with some serious discussions about "how to move forward."

It looks like Rep. Michele Bachmann was one of those people, as reports are coming out this morning that she will suspend her campaign after garnering only 5% of the vote. (Some outlets are insisting she came in "last," which must smart for Jon Huntsman, who really did come in last with 1%. Sorry, Jon; looks like even when you lose you can't win.) This is probably especially disappointing to Bachmann and her team because Iowa is her home state and because she won the Iowa straw poll back in August, making her seem for a moment like the front runner in this race.

Bachmann has not made an official statement as of this moment, but she's canceled a trip to South Carolina and has scheduled a press conference that's supposed to start any moment now. You can catch a live feed here. The National Journal, however, received this information from someone close to the campaign:

The official, who spoke on condition of anonymity, said the Minnesota lawmaker, a favorite of the tea party wing of the party and a harsh critic of President Obama, realized after her sixth-place finish in Iowa’s caucuses that “there was no viable way forward.” By suspending her campaign, Bachmann is effectively dropping out.

[Update: it's official; she's out.]

And another potential is down! (Narrowing the field to a paltry two-hundred or so.) So long, Congresswoman Bachmann. I'll miss your crazy eyes and your "choot-spa," but I won't miss your utterly misguided positions.