UPDATE: Bachmann bows out – Uh oh. Bachmann calls a press conference

***BACHMANN IS OUT – FULL SPEECH ADDED***

Apparently Bachmann has canceled her trip to South Carolina and has called a press conference today at 11am (EST). That has ‘exit stage right‘ written all over it (h/t: Hotair):

KTSP – Republican presidential hopeful Michele Bachmann is canceling her campaign trip to South Carolina after a dismal showing in the Iowa caucuses.

Campaign manager Keith Nahigan tells The Associated Press that the Minnesota congresswoman plans a news conference in Iowa later Wednesday morning. Nahigan would not say whether Bachmann intends to drop out.

Bachmann was a distant sixth in Iowa and her campaign is low on money. After the Tuesday night vote, she told reporters that she would carry on.

The New Hampshire primary is the next contest in the race. But Bachmann’s strategy has her effectively writing off that Jan. 10 contest and focusing on the Southern state that, at least on paper, is a better fit for her brand of conservatism. The South Carolina primary is on Jan. 21.

Bachmann will be addressing the media at 10 a.m. We’ll be streaming it live right here at KSTP.com.

***

UPDATE: Bachmann is out. Here is her full speech:


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