Tea party godfather Ron Paul running for president

AUSTIN, Texas — Texas Rep. Ron Paul announced Friday that he will run for the GOP nomination for president in 2012, the third attempt for the man known on Capitol Hill as "Dr. No" for his enthusiasm for bashing runaway spending and government overreach.

"Time has come around to the point where the people are agreeing with much of what I've been saying for 30 years. So, I think the time is right," said the 75-year-old Paul, who first ran for president as a Libertarian in 1988.

Paul made his announcement in an interview on ABC's "Good Morning America" from New Hampshire, where he planned hi...