Ron Paul to announce presidential exploratory committee today

News broke last evening that Rep. Ron Paul (R-TX) will announce the formation of an presidential exploratory committee today as he continues to weigh a second bid for the Republican Party’s nomination:

Rep. Ron Paul, R-Texas, whose outspoken libertarian views and folksy style made him a cult hero during two previous presidential campaigns, will announce on Tuesday that he’s going to try a third time.

Sources close to Paul, who is in his 12th term in the House, said he will unveil an exploratory presidential committee, a key step in gearing up for a White House race. He will also unveil the campaign’s leadership team in Iowa, where the first votes of the presidential election will be cast in caucuses next year.
Paul took 10 percent of the vote in the Iowa caucuses and 8 percent in New Hampshire’s primary. He finished second, with 14 percent of the vote, in the Nevada caucuses, and eventually finished fourth in the Republican nominating process with 5.6 percent of the total vote. Paul’s campaign book, The Revolution: A Manifesto also reached No. 1 on The New York Times best-seller list in 2008.

This would seem to be an ideal year for Paul: Since the last election, the Republican Party has moved much closer to his view on deficit reduction, which made him an early tea party favorite. All of the party’s top-tier presidential hopefuls are focusing on lowering debt, government spending, and tax rates, issues Paul has long advocated.

It looks like Paul’s staff is getting better at planning, an aspect of his campaign that was missing sorely in 2008. This news will largely drown out the Gary Johnson’s announcement for president late last week (he is bypassing the exploratory process).

Judging from the comments on Tom’s piece from yesterday, Paul’s die-hard supporters appear to be ready for his campaign; and unfortunately, they’re trying to tear down Johnson is the process. But polls indicate that Paul is in the middle of the pack in the GOP field. Fighting amongst the Paul/Johnson factions isn’t likely to help anyone if they can’t win the nomination.

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