Paul Announces Prez Bid

ABC News reports:

This just in: Ron Paul makes it official, announcing on "GMA" that he is running for President one more time.

“I'm officially announcing that I am a candidate for president in the Republican primary,” he said.

This will be the third time out for Paul. He first ran as a Libertarian in 1988, then 20 years later as a Republican. Now he’s the second Republican this week to formally announce, following on the heels of former House Speaker Newt Gingrich.

Paul, 75, who tweeted yesterday that he would make a “major announcement” this morning, said he wants to run because “the time is right.”

“Time has come around to the point where the people are agreeing with much of what I’ve been saying for 30 years,” he told me.

But Paul has ground to make-up. In last month’s ABC News/ Washington Post poll only 2% backed him compared to 16% for Mitt Romney and 6% for Mike Huckabee.

One thing he probably won’t lack: campaign cash. Back in 2008, he surprised the field by raising $5 million in three months.

The congressman and obstetrician – whose son is Kentucky Senator Rand Paul – is well known for his stance against the Federal Reserve and has taken controversial positions such as legalizing heroine or recently saying that he would not have ordered the killing of Osama bin Laden.