UPDATE: Read DelDem’s take on Spivack here.

As much as I like him, bowing out is the right thing to do.

“I want to run, but I don’t think I can run if I don’t get the backing of the DCCC. I don’t have any other personal funds that I can put into the campaign. I wouldn’t want to run at half speed. You can only beat someone like the current congressman if you can run full time. I can’t rebuild my [law] practice and campaign full time and make it work,” Spivack said Friday.

Who ever ends up running against Castle owes Spivack a debt of gratitude for showing that “Mr. 70%” is beatable.