Newt Gingrich says he may drop out today

Newt Gingrich’s campaign has been hanging on by a thread, and today’s primaries may finally put him out of his misery.

Five states hold their primaries today, including Pennsylvania, where Mitt Romney was campaigning yesterday, and Delaware, where Gingrich was campaigning. If he doesn’t win Delaware, Gingrich told NBC late yesterday, he’ll “reassess” the campaign—code word for drop out.

“I think we need to take a deep look at what we are doing,” Gingrich said. “We will be in North Carolina tomorrow night and we will look and see what the results [from Delaware] are. This has been a good opportunity for us, we have been here seeing a lot of people. We have got really positive responses and I would hope we would do well here—either carry it or come very, very close.”

It’s amazing Gingrich’s campaign has lasted as long as it has: last week he acknowledged he was out of money and laden with debt when the campaign bounced a $500 check to the election commission of Utah for the filing fee to get on the ballot there. Gingrich acknowledged that his fiscal conservatism had gone off the rails spending money the campaign didn’t have trying to keep up with Romney’s advertising spending in Florida, a state Romney won 46% to Gingrich’s 32%.

For his part, whether or not Gingrich drops out this evening, Romney seems about ready to stop campaigning for the primary and turn the corner to the general election; after what should be an important win in Pennsylvania, he’s set to make a speech tonight in New Hampshire, where he’s expected to start turning his attention to Obama.

Even as he admitted that he’ll “reassess” his campaign if he doesn’t win Delaware, Gingrich warned that Romney should not start acting as if he’s inevitable. “It is very dangerous for frontrunners to start behaving like they are inevitable because the voters might decide that’s not so true. Frankly, I think it is a mistake for Romney to kick-off his general election campaign tomorrow in New Hampshire. He has about half the votes he needs to be nominated,” he told NBC.

One candidate who won’t be dropping out no matter how many candidates Romney racks up: Ron Paul. With a fresh batch of funding and his own video game on the way, Paul said yesterday: “If tomorrow, Romney had the absolute number, I would probably continue in a modified way to maximize the number of delegates to go to the convention.”