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And we’re off to the races! Today on Good Morning America, Ron Paul announced his candidacy for the Republican Party’s nomination to run against President Barack Obama in 2012. “I’m officially announcing that I am a candidate for president in the Republican primary,” he said. He ran in 1988 as a Libertarian and in 2008 as a Republican.

The Texan congressman, 75, is the second one to throw his hat in the ring for the GOP, following House Speaker Newt Gingrich.

“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 ABC.

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Today he defended comments he made saying he wouldn’t have authorized the killing of Osama bin Laden.

“I was talking about the procedure. You know I endorsed the whole idea of going after him. I supported going into Afghanistan. I thought we blew it then. We had him cornered, we let him get lose and we then went in and invaded Iraq…So the process has been very bad. So I have no qualms about getting him, I’m delighted he’s gone, but the whole thing is we could have done it differently,” Paul said.

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He’s known for going against the Republican party line when it comes to many issues, including foreign, domestic and social, but feels that it’d be too tricky to run outside the two-party system.

“Running as an Independent here is just about impossible unless you’re a billionaire like Ross Perot. You don’t get on debates. If I was an independent George, you would not have me on this program this morning,” he said.

WATCH THE VIDEO BELOW:

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