The Newt Gingrich campaign for 2012 has issued a pre-advance youtube video confirming that the former speaker will be conceding the race for republican nominee on Wednesday, May 2nd. The news comes as a disappointment to many conservatives who have little faith in a Romney nomination, for various political reasons. Mr. Gingrich was the last speaker of the house to accomplish a balanced Federal budget and was considered by many as the last true conservative in the hunt for the nomination.

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