Rick Perry Moving Forward: ‘Here We Come, South Carolina’

Alex Wong/Getty Images(AUSTIN, Texas) -- Rick Perry on Wednesday hinted that he has no plans to end his campaign, one day after a fifth-place finish in the Iowa caucuses, which prompted the Texas governor to announce a brief hiatus for reassessment.

“And the next leg of the marathon is the Palmetto State,” Perry tweeted Wednesday. “Here we come, South Carolina.”

The Texas governor will likely head to New Hampshire for the debates this weekend and then move on to South Carolina next week, a campaign source told ABC News.

Perry, 61, invested heavily in the Hawkeye State, buying more than $4 million in advertising in Iowa and establishing a strong ground game, which included more than 500 volunteers from 30 different states infiltrating the state in the week before the caucuses. Although Perry spent the most amount of his personal money in Iowa than any other candidate, he only earned 10 percent of the vote in the caucus there.

As the Iowa results Tuesday night showed a hefty loss for Perry, the Texas governor said he would return to his home in Austin to determine whether there is a path forward for his campaign. His aides said they have the money to campaign in South Carolina, but needed to reassess whether it was worth it.

Rep. Michele Bachmann, who finished sixth behind Perry, suspended her campaign Wednesday morning.

Copyright 2012 ABC News Radio

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