In a statement, Gilmore blamed his campaign's failure on the move to earlier primaries in some may major states like New York and California. But the Associated Press reported that Gilmore was down to only $90,000 in his campaign war chest. With more than five months before the first primary, Gilmore's campaign was simply unable to raise money.

Gilmore's election strategy had been based on the hope that he world be recognized as one of the GOP's true conservatives - and anti-abortion, pro-death penalty, anti-gay, pro-gun lobby, fiscally conservative candidate who wanted to shift more of the cost of public education on to local governments during his term as governor.
"I didn't run some place and pretend I was a liberal and run someplace else as a conservative. I just didn't do that," Gilmore once said. He was fond of comparing his political life to Ronald Reagan.
Jim Gilmore: the first of the major GOP candidates to drop. Good damn riddance!
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