Another one jumps in the race. Texas Rep. Ron Paul announced his candidacy on ABC's Good Morning America on Friday. He is expected to campaign for both the presidency and the Texas congressional seat he's held for almost 30 years. He followed the same strategy in 2008. Paul first ran for president as a Libertarian in 1988, but during the last election he made a surprisingly successful bid for the Republican presidential nomination, speaking out against the Federal Reserve and rallying supporters online.