This is great news. This jingoistic, isolationist, bigoted freak is handing in his chances (slim as they are I wouldn't rule him out given his tactics, and how well Republicans have been shown to be fear-driven creatures) to be president.
According to CQPolitics, Tancredo's getting the hell out of Des Moines. Not a moment too soon, says I.
Now, he's not the biggest asshole in the pool, but it's one less asshole in the pool. Tancredo's been a one-tune jukebox for some time, rattling off the old "VOTE TANCREDO OR A MAN WILL BLOW UP YOUR TEENAGERS" lines as though it were still 2002.
Nothing says "I failed" like fucking up trying to pull some good ol' fashioned fearmongering. Hell, even Bush can scare the shit out of Republicans, and he can't pronounce Nuclear.