(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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Hey Mary E. Edwards. Abraham Lincoln lost eight times before being elected.
Ron Paul for president 2012! My dad told me to vote for this guy back in 04. This time its going to happen. Its time to stop the nonsense my fellow Americans!!
Ron Paul: America's last best hope.
I like the guy personally. But, most of his ideas are just plain crazy. If he does get in the Libertarians will finally realize their ideas are not workable in the real world. Then maybe they'll come up with some actually good, workable ideas.
Ronnie Pops fits the role of advisor better than leader. Just something about the "country doctor who makes house calls" aura about the man that people find appealling (present company included).
Most of his ideas are seductive when you first hear about them, but then he makes the mistake of elaborating and it scares the daylights out of me. His ideas would have worked well before the Industrial Age settled upon us and forever changed the world. Today? Unh, unh. Nahp! The man wants a government that is too small to defend its' borders and protect its' peope.
As a progressive, I don't like Paul's domestic policies at all. That said, if President Obama is going to turn his back on progressive ideals anyway, I'd rather have a President who leads our foreign policy like Paul says he's going to do. Paul represents the only serious challenge to the power of the military/industrial complex, from what I can tell.
He won't win, of course. I'm split on whether that fact is a good thing or a bad thing...
Straight talk and the truth. I'll vote for this guy!
being a LEGAL immigrant , I can't vote but PLEASE American, take him seriously... he is smart, intelligent and THE LEADER that this county is looking for.
Ron Paul trolls have, as usual, hijacked another online media publication of Ron Paul.
Have you seen the youtube videos of Seth Meyers making a joke about Rand and Ron? Go look at the despicable comments written by Ron Paul's extremist group of supporters.
Ron Paul's supporters are the reason he cannot win this election. They form a group of extremist group of internet terrorists who support policies like legalizing prostitution and completely eliminating the CIA.
Also consider the fact that Ron Paul also argues with Ben Bernanke about economics, who graduated from both Harvard and MIT in ecnomics, and wants to completely eliminate the Fed.
I don't think Ron Paul has enough years left in his life to change Washington. Is Rand Paul the way he is because of Ron Paul? Certainly gives you something to think about.
This would be the absolute best guy to get in the white house. I am voting for him. Out of all the politicians he is the one that can save this country. He actually cares about the country and not his own personal greed like other politicians. You can hear it when he speaks
They already lost the minute he said we should not have gone in and got Bin Laden......wtg Paul. Oh btw the dude is like 76 years old now.....
No Texas Republicans as Potus! Has,nt people learned from the "Texas Bush Administration" This man is an "Economic Disaster" HELP????
Run Paul run
People get addicted to something and this man is totally addicted to running. Where is the doctor (son) to advice his daddy that he will never make it to the Peoples House!
Paul is the only person who truly cares for the people of this country.
The bulk of Ron Paul's early online support in 2008 came from white supremacist groups. His newsletters and speeches have contained numerous racist and anti-semitic comments.
Know who and what you're voting for. Ron and Rand Paul are nothing more than a couple of good ol' racist southerners who throw out some fancy talk from that one time they read "Atlas Shrugged."
President Barack Obama in 2012 !!!! That's Really All I Need to Say !!!!
Ron Paul has a number of things going against him. He is intelligent, well-spoken, knows his way around Washington, and has fought against our bloated budgets including the years between 2001 and 2008. As a result, there is no way he can win. He isn't a strident mook shouting about how un-American his opponents are. His Libertarian views continually marginalize him even in a field of marginalized candidates. The Cultural Conservatives are opposed to him because he does not believe any government should interfere with personal lives and habits, including access to abortion and non-traditional marriages. Sarah and Rush are opposed to him because he has denounced them as mindless demagogues.
Of course, as a Liberal Democrat, it is my hope that someone divisive like Rick Santorum, Sarah Palin or Newtie-boy-the-new-Catholic-who-wants-everyone-to-forget-what-he-has-done-Gingrich wins the nomination. That way I can feel a lot more comfortable about voting for President Obama's reelection.
Gee, he's an MD. And that makes him qualified how?
I know of an actor who won as POTUS, how well did that work out for your wallet?
The GOP has become the laughing stock of the last (minimum) 25 year's.
And let's just IGNORE who took out a cancer in 2 year's, that a clown in Crawford couldn't in eight.
So bring it on, Sarah,Ron,Newt,Bachman, this is comedy fodder.
It's heartening to see his detractors are completely oblivious to his policies. Comparing him to Bush or saying he wouldn't have gone in and gotten Bin Laden is exactly why we end up with presidents like Obama. You guys don't want the truth, you want smiley politicians who sell you lies they can never come through on. You want to be tricked. You don't care about reality or the objective truth. You want to live in a fantasy world where the government actually has your best interests at heart, and isn't overrun with lobbyists and special interest groups. Keep dreaming, seems to be the only thing you're successful at.
Maybe this time he'll get 6% instead of 5.
@ Numbers guy – Wasn't Glass-Steagall modified by Gramm-Leach-Bliley??? Aren't Gramm, Leach, and Bliley all Republicans??? How did that become a Democratic Party effort?
Numbers guy wrote:
For the Glass-Steagall Act repeal, the final bill was passed with 90-8 in the Senate with one abstaining, Bill Clinton signed it into law.
You are both half right and half wrong. It was a Republican Congress that passed a measure that, which turned out to be the very last piece of legislation signed into law by Bill Clinton. Gramm and company added language to repeal the act (after it was voted on by Congress) before it was sent to Clinton for his signature. No one proof read what they were signing.
Here's the thing...Paul can't win because he openly condemns our aid to Israel. (Among other things) Its a non-starter. Nobody can be POTUS if they aren't signed up with Israel in both foreign and economic policy.
Active duty officer and combat vet, this guy is HUGE in our military communities especially the Army and Marine Corps. Please give him a chance, actually listen to what he says instead of some biased media author. Veterans for Ron Paul 2012 (facebook)