(CNN)-Saying "the time is right" because more people agree with his positions, Rep. Ron Paul of Texas on Friday announced his candidacy for the Republican presidential nomination.
The long-time lawmaker, who was first elected to the House of Representatives 35 years ago, says he's optimistic about his chances and that his "supporters are enthusiastic."
The 75-year-old Paul, whose libertarian views and outspoken criticism of American foreign and monetary policy has often put him at odds with the GOP, made his announcement on ABC's "Good Morning America." Paul is expected to repeat his announcement of candidacy later Friday at a campaign event in Exeter, New Hampshire, where he's also expected to receive several endorsements.
This is Paul's third bid for the White House. He ran as a libertarian in 1988 and for the Republican nomination four years ago. His campaign in the last presidential election raised eyebrows, thanks to the energy and enthusiasm of his legions of supporters, and thanks to his online fundraising prowess. He brought in millions of dollars in one- to two-day fundraising efforts - or so-called "money bombs."
When it comes to fundraising, it seems that Paul picked up in 2011 where he left off after he dropped out of the 2008 campaign. He raised more than $1 million in a 24-hour period last week, timed to coincide with his appearance at the first Republican presidential debate in Greenville, South Carolina.
Paul has hinted for months that he could launch another bid for the White House. His aides announced on April 14 that he had formed a "testing the waters" account and 12 days later announced the formation of an official presidential exploratory committee.
Paul made that announcement in Iowa, the state which holds the first contest in the presidential primary and caucus calendar. New Hampshire comes second on the calendar. After the event in Exeter on Friday, Paul is scheduled to attend a dinner in Lebanon hosted by the Grafton County Republican Party.
Paul generally holds a non-intervention stance when it comes to foreign policy, believing that the U.S. should avoid entangling alliances with other nations and avoid all wars not related directly to self defense of the country. Paul voted against the resolution authorizing the Iraq war. He also advocates withdrawing U.S. participation and funding from such organizations as the United Nations and NATO.
Paul has taken issue with the way the raid against Osama Bin Laden was carried out, saying that "we could have done it differently," and added that he would have carried out the mission to kill the founder and leader of the al Qaeda terrorist network in a different way than President Obama handled the situation.
But as for the killing of the man behind the 9/11 terrorist attacks, he says "I'm delighted he's gone."
On fiscal issues, Paul is a strong believer in free market principles and has called for abolishing the Federal Reserve. Thanks to his stance on economic issues, Paul enjoys strong support from many Tea Party activists. For two straight years, he's won the presidential straw poll at the Conservative Political Action Conference.
The most recent CNN/Opinion Research Corp. poll indicated that 10 percent of Republicans and independents who lean towards the GOP support Paul for their party's nomination, which places him fifth in the horse race. But the same survey also indicated that in a hypothetical 2012 general election head-to-head with Obama, Paul trailed by 7 percent, performing better than any other probable or possible Republican candidate.
Paul's son Rand, who like his father is a doctor, won election to the Senate from Kentucky last November. Earlier this year the younger Paul said there was a chance he would enter the race for the GOP nomination if his father didn't.
Rep. Ron Paul will appear on CNN's "The Situation Room" to discuss his 2012 candidacy for president Friday.
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It's about time for GOP to win this.
Third time is a charm! I believe in this guy!
That would be a refreshing change..We might actually concentrate on problems here at home. I dont think Ron Paul has mortgage his soul to special interest. That s probably the reason he wont win...I hope he has a billion dollars thats how much it cost to rent the white house these days.
Why am I not surprised?
...Do you think anyone will hear the message this time ?
Best candidate out there for the people of the United States. He's hated by the political status quo, lobbyists, big banks, big corporations, big oil, war mongers, neo-cons, the IRS, the Federal Reserve, and the media giants. So he has little chance of winning.
Very exciting news. Let's hope we finally get a President that stands up for our civil liberties and ends the expensive wars over seas. Go Ron Paul 2012!
I will vote for him this time. He does have some crazy ideas, but it seems that only crazy people get elected and if Bush got electeed he certainly can!
Of all the candidates, he is probably the only one with a true vision and plan for a more financially secure, politically unified and globally admired and respected America. You can bet that once again I will be pulling for him in this his third bid for the White House.
Ron Paul 2012
Ron makes perfect sense every time he speaks. Something no other candidate has figured out yet. RP2012
hooray there is still maybe hope for this country! go get em ron you have my vote for sure !!!!
Dr Paul is the only person who can save the economy. Let's hope he becomes President.
TRUE Patriot/Deffender of the U.S. Constitution!
I almost voted for this guy last time. This time, I'M IN!
Why won't this guy go away? How many times does he have to be defeated?
This is the best news for the future of our country. He has the best plans for our country fiscally, militarily, and domestically. It's Ron Paul's time to shine!
His ideas do not make good 10 second sound bytes but when you really learn the issues and his answers then you find the true gold he has to offer.
I just started listening to this guy 3 years ago. I really hope more people get exposed to what he has to say. Media outlets shut him out so most of America doesn't hear him.
Wonderful news Ron Paul !
Good luck, sir, and hope that all the people of America vote for you....you are a wonderful American with great conviction and true moral values.
Well I have always vote Rep, I cannot stand Obama at all. However I totally support his decision on the Osama Raid, Well Done to him and Seal Team Six and all the others who were involved.. I had been watching Ron Paul as a potential presidential candidate, and I am glad he made the statement he did because He will not get my vote.
If you just heard a sudden rustling in the leaves – it was caused by the collective yawn of Americans.
if all this guy promised was end the wars he's got my vote
Obama might be worried if RP could get the GOP nomination, but RP is not right-wing enough to do that.
Both Dems & Reps have biased the system against any third-party spoiling their power-sharing agreement.
Election theatrics aside, the only thing for certain is that the next administration will look mostly like the last.
I believe his ideas about economic reform would help make this country more competitive with regard to labor. We need to stop the excessive spending where the govt pays for everything. We are the govt. Our tax money. We have so many problems that need solving here, giving money to foreign govt like Israel and Egypt is only driving our economy into the ground. lets make our labor force more productive so we can create jobs here. Start by putting many of the less educated to work by building trains and subways. That way we dont spend our money on Bush's $4 gas industries. We are still paying for the Bush disaster. Get Obama out and a real person who can work with the Congress and fix this mess.
Libertarians always sound great – on the surface. Get Ron Paul talking about the nitty-gritty details of his ideas and he ends up looking clueless. Still, Ron Paul looks like a genius compared to almost all of the other Republican "hopefuls".