That’s Michele Bachmann out of the Presidential race; not Marcus out of the closet. It makes sense. Iowa was supposed to be a stronghold or her. If she came in sixth there, she’s toast.
Perry is reconsidering his campaign. Given how much money he spent, I think a withdrawal is imminent. Newt should pull out but he won’t.
Realistically, is is now down to Romney and Santorum, unless the conservative wing suddenly discovers John Huntsman. I’m not sure I’m looking forward to seeing which of those two can be nastier.