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(CNN) -- A spokesman for Ron Paul's presidential campaign said Friday that the Texas congressman is ending his run for the White House.

"We are acknowledging that Ron will not be the nominee and that we are winding down the campaign," said Jesse Benton, the Paul campaign's communication manager.

Paul hinted the end was near in a video to supporters posted on YouTube on Thursday.

"Though victory in the conventional political sense is not available in the presidential race, many victories have been achieved due to your hard work and enthusiasm," Paul said in the video.

His comments came two days after Sen. John McCain became the presumptive GOP nominee.

http://www.cnn.com/2008/POLITICS/03/07/ron.paul/index.html

The tone of the article is pretty wistful, which leads me to believe he won't be launching a third party campaign. I was really hoping for that because Paul could easily receive 5 percent of the vote and siphon enough votes from McCain to make a real difference.