Ron Paul to Announce 2012 Run

2012

Updated Apr. 24, 2017 3:41PM ET / Published May. 12, 2011 7:43AM ET

Alex Brandon / AP Photo

Is the third time a charm? Texas Rep. Ron Paul hopes so. He’ll be announcing a formal bid for the White House on Friday during a Good Morning America appearance from New Hampshire, where he’s barnstorming. The Republican ran in 1988 as a libertarian and again in 2008 for the GOP. While Paul is widely considered a long shot, the staunch libertarian views he voiced four years ago foreshadowed the antitax, anti-bailout philosophy of the Tea Party. But his views on the war on drugs and the Fed—he wants to abolish both—remain out of the mainstream.

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Ron Paul to Announce 2012 Run

Alex Brandon / AP Photo