PICKET: Cain suspends campaign; launches Cain Solutions

Republican Presidential candidate Herman Cain stood before supporters and press in front of his newly opened Atlanta headquarters and announced he would suspend his campaign and launch Cain Solutions. Mr. Cain spent the last 24 hours with his wife Gloria and met with donors on this morning to discuss the future of his campaign. Cain mentioned that an endorsement for president from him would be coming in the near future.

"As of today, with a lot of prayer and soul searching, I am suspending my presidential campaign," he said. "I am suspending my presidential campaign because of the continued distraction, the continued hurt...on me, on my family, not because we are not fighters, not because I am not a fighter."

The former God Father's Pizza CEO whose candidacy went from obscurity to the top of the Republican presidential primary pool in a matter of months found his campaign hurting after questionable allegations came to light from 3 women who accused him of sexual harassment. Cain's poll numbers in Iowa tumbled 15 points to 8 percent since late October.

"I am at peace with my family and I am at peace with myself," Mr. Cain told the crowd in Atlanta. "I am not going to be silenced and I'm not going away."

"Me and my wife know these false and unproven allegations are not true. I am at peace with my God." He added, "I am at peace with my wife and she is at peace with me."

Mr. Cain also took hits in the polls when GOP primary voters began to lose confidence in his ability to fully answer questions on foreign policy. Just as Mr. Cain began to build up his foreign policy platform last week through a doctrine of "peace through strength and clarity," Ginger White, an Atlanta business woman, surfaced alleging a 13 year sexual affair with the Georgia Republican.

Cain denied the affair telling Fox News host Sean Hannity that Ms. White initiated the majority of the text messages reportedly sent, which Cain said were asking for money.

"I'm a softy, and I feel sorry for people when they get in deep financial trouble, especially given the economy and people being out of work. This isn't the only person I have happened, he said.  "They are members of my church, members of my family, you know, of friends that I have helped all the time in terms of trying to help them during these tough economic times." 

Realizing that Cain was rapidly losing supportamong women, the campaign launched a new group called "Women for Herman Cain." Headed up by Cain's wife, Gloria, the group, according to the website, is "helping elect Herman Cain as the next President of the United States."