(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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My main man! Only guy who tells the truth even if it hurts.
The only man who'll answer a question honestly without thinking of what his corporate supporters want him to say.
The one Republican candidate NOT to avoid military service. Unlike Newt and Cain he had no plan on how to get out of Vietnam.
The only candidate who consistently answers questions directly.
Dr. Paul is the only candidate I would ever vote for after the debacle of the last 10 years.
Dr. Paul 2012!
He has my vote. I have listened to and read of his positions. It is LIBERTY! Ron Paul 2012
Paul is the type of person who should receive regular public attention but never be in charge of the nation. He's useful when he reminds us of the libertarian viewpoint and pushes us the consider why we function they way we do.
On the other hand, the President needs to be someone not locked to a philosophical viewpoint, who can learn from the many theoreticians to do what the nation needs. People like Ron Paul are too tied to their philosophical positions to see when theory and practice deviate.
I have heard the message, and he has my vote. I should have written him in last time. Ron Paul is the last hope for fixing this country the right way. We are headed for disaster under the current and prior administrations.
I have never donated to a political campaign but I will to him this time. I have read two of his books and he is brilliant. Unfortunately I do not believe Big Brother will give him the white house.
This man is this next generations best hope. If you care about the middle class or the future of this country, you'll at worst hear this man's argument for liberty and a sound economy and at best campaign for this man to be your president.
I think ron paul would make a good president.
I'm a lefty liberal who would gladly vote for Ron Paul. If his policies were enacted the US of A would become extinct. I would love to see this country play on the bottom rung of the monkey bars for a while. Would hope the eventual result would be the succession of the confederate states so we could finally just throw up a border and exist as two completely separate countries as opposed to the nonsense that goes on now.
Well, based on the posts thus far the crowd goes wild, further punctuating the distinct odor of desperation that the GOP is engulfed in.
I mean Ron Paul, gutsy, outspoken, but right beneath the surface a loon through and through. Come on folks surely even you can do better than this!
LEAN FORWARD and MOVE ON
Very glad to hear! When Fox News didn't want him in the GOP debate in 2008, I knew he was the right candidate!
Anybody see the debate? Talk about a double standard. Ron Paul gets up there and advocates legalizing heroin and gets a cheer from the republican crowd! Can you imagine what the response would be if President Obama said that?
I'll certainly money bomb his campaign and toss him a vote. He will not win. The point is not winning, the point is trying to move the country in the right direction. The more support Ron Paul has – the more one party has to cater to those ideas.
Young ones – glad to have you – but my advice is it isn't about 2012, its about 2012, 2016, 2020 and beyond. Our countries problems were a long time in building, and will be a long time in solving. If you join for one campaign cycle and then get disappointed and decide to vote for the 'winning' candidate next time – then Ron Paul – and the rest of us, have achieved nothing.
I truly hope he wins... everyone called me crazy 4 years ago for backing him... and yet the policies and ideas he had then have been copied by SO MANY on both the Democrat and GOP sides.... he is an original thinker and a TRUE AMERICAN!!!! We love you Ron Paul!!!!
I would certainly vote for Ron Paul. He doesn't have the conservative South, but a lot the youth, as well as people of the financial community (like Steve Forbes), are starting to warm up to him. Paul is going to need a bigger boost than he has seen yet, but it might happen. I sure hope it happens. Go Ron Paul!
He has my vote. This man's philosophy is the best in any political candiate that will run for President by a long shot. Both Repubs and Demos hate him because he is the "yes"man they want in the White House.
Though I am democrat, I really like Rep. Paul. Actually, I think he is the ONLY repub for whom I would even consider voting. Maybe if Blitzer doesn't moderate the debates, Rep. Paul may even get to speak. Those "debates" are ridiculous since the moderator overlooks ones he doesn't like. However, with President Obama running again, it will be a difficult choice for me. So many people blame him for a troubled economy, but they ignore the fact that all that mess started with dumdum Bush & Greenspan. I am mad at President Obama for starting another war, in Libya–we really needed another one to spend money we don't have.
So Ron Paul going to bring all those factories from China here? And whover control the oils in the Middle East controlled the world. And the Federal Reserve? You want different money policy every day or week? Life today isn't like the original Tea Party, fewer people, less politics. No matter who in office, the same problems!!!the poor or less fortunates still has to eat and survive. The slave owners took care their thousands of slaves, didn't they? Why don't all these millionaires and billionaires help pay off the outstanding mortgages, that would help.
The tea-baggers have become the tea-bagees! Wrong on the 'birthing' conspiracy. Wrong on the 'deathing' conspiracy.
The only purpose they serve is to distract attention from actual issues while the people who feed them their lines sit back and laugh at them. Sadly, in years past this technique has had some success, but people are on to it now. Ron Paul doesn't have a chance of being elected for various reasons including the ridiculous statements and beliefs of his tea-bagged followers..
And he'll lose a 3rd time....
Maybe our last hope for the crumbling nation...we need to take this country back to its roots! Back to the people. Ron Paul 2012
GO Ron Go!
GO Ron Go!
GO Ron Go!
This man getting elected would be the best solution and the "real change" some of us were hoping for in 2008! ...and to the naysayers, "yawning" in this instance isn't the same as yawning because RALPH NADER has decided yet again to run. Please don't confuse these two people? Thanks.