Mitt Romney, the former Massachusetts governor and president of the Salt Lake City Olympic games, has "suspended" his presidential campaign. In essence, he's throwing in the towel.

The move will most likely be of direct benefit to Arizona's John McCain. Romney's business minded conservative supporters most easily transfer to McCain, largely out of how uncomfortable many of those people are with former Arkansas Gov. Mike Huckabee.

Romney made the official announcement at the Conservative Political Action Committee conference in Washington, D.C.. In his speech to CPAC, Romney went as far as mentioning where he and McCain agree, and most likely intentionally neglected to mention Huckabee.

Over the course of the campaign, Romney has donated an estimated $37 million to his own campaign, but never got a signature primary win with the possible exception of Michigan.  That one is debatable though as his father had served as governor there in the 1960's and thus it was considered a "home state" win.

Last night, some television outlets estimated that the delegates he had already won for the Republican National Convention had cost him approximately $1.2 million per delegate.

Romney made an appearance in Nashville earlier this week, raising $200,000 for his campaign and then appearing at Hillsboro Village's Pancake Pantry. His brother Scott was in town for a fundraiser the week before at the law firm of Waller, Lansden, Dortch, and Davis.

There is no word on who the most prominent Romney backer in Tennessee, Nashville businessman Ted Welch, will back, nor off-again on-again Romney supporter Congresswoman Marsha Blackburn, will back.