From National Journal:
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 is 75 years old, so this will have to be his last effort – he’ll have to go with W. C. Fields advice: “if at first you don’t succeed, try, try again. And then quit; no sense being a d*****d fool about it”.
But he is a worthwhile entrant – libertarianism is running strong in America as we head towards 2012 and Paul can very often state “I told you so” about a lot of things. Additionally, he’ll force the rest of the field to edge towards small government and genuine reform, lest Paul run away with the vital TEA Party element of the center/right coalition.