Christie is OUT

Wednesday, October 5, 2011 - 9:35am

Governor Christie has decided not to run for President.

Most candidates hold a news conference to announce their running. The fact that Christie had to announce he's not running shows just how much impact he's already had on this race.

On the day a Quinnipiac poll showed Chris Christie beating President Obama by three points, the New Jersey Governor made it clear -- he's out: "What I've always felt was the right decision remains the right decision today. Now is not my time,” said Governor Chris Christie, (R) New Jersey.

Reaction from the campaign trail, "Competition is always a good thing and he would be a very fine contender," said Mitt Romney, (R) Presidential Candidate.

"Whether Governor Christie is in it or in it, I'm going to have the same message," proclaimed Newt Gingrich, (R) Presidential Candidate.

Christie's final exit leaves Mitt Romney as the frontrunner, again and Rick Perry reeling from a quick rise and fall. "Christie looked at that and said 'You know we'll wait, and we'll build a reputation, we'll build a relationship with the base,'” said Former RNC Chairman Michael Steele.

But analysts say Perry - now third behind Herman Cain in the Quinnipiac poll - still has a fighting chance. "If he were to have even one really good debate everybody would sit up and say 'Wow, this is a different Rick Perry. That's the advantage he has -- people are still learning about him," said Stu Rothenberg of "The Rothenberg Political Report."

As for Cain, the Tea Party is watching him. "They want somebody who has actually worked in the private sector in business -- understands that you can't spend your way out of debt or spend your way into prosperity." Chair, Tea Party Express, Amy Kremer.

As for endorsements, the Tea Party is still watching and waiting.

So is Governor Christie, who says he's not ruling out a presidential run in the future.

Tracie Potts, NBC News

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