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Reed Goes Down

Ralph Reed, as of 1:30 a.m. Eastern, has conceded defeat in the Republican primary for Lt. Governor in Georgia.

The defeat seems fairly stunning in its magnitude, given that polls just a few days ago had the two men tied.

With 94 percent of precincts reporting, the margin is 56-44 in favor of Casey Cagle.

The storyline tomorrow is likely to be that Reed couldn't shake off his ties to Jack Abramoff.

TOM ADDS: The margin of defeat in this race is pretty shocking. Jim Galloway of the Atlanta Journal-Constitution finishes a long story on the race this morning with this:

As for Reed, Bullock said he didn't see Reed coming back soon. "We've witnessed the final implosion of Ralph Reed," he said. With initial expectations placed on his candidacy, it would be hard to reignite broad support, Bullock said.

Supporters in Reed's emptying ballroom disagreed late Tuesday night.

"I'm obviously disappointed," said a tearful Sadie Fields, head of the Georgia Christian Coalition. "The state lost an opportunity. But he will be back. He has far too much to offer."