A high level source within the Democratic party has revealed to this website that Barack Obama is formulating plans to drop out of the 2008 Democratic primary sometime before July 1, 2008.

The information is coming from top people in his campaign. The source states that Obama is worried about a couple of high profile negative stories that could be unleased in the coming months.

The Obama campaign is studying Al Gore’s famous 2000 concession speech in an attempt to maintain his viability for national politics in the future.

The source is not sure what potential negative news the Obama campaign is worried about.

According to staff insiders, Obama has no illusions that dropping out of the race would prevent the bad news from getting out. However this time Obama feels by dropping out early, he would gain the respect of the entire Democratic party and its electorate, and he would be able to deal with the negative news on his terms.