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May 13th, 2011
09:15 AM ET

Rep. Ron Paul announces candidacy for president

(CNN)-Saying "the time is right" because more people agree with his positions, Rep. Ron Paul of Texas on Friday announced his candidacy for the Republican presidential nomination.

The long-time lawmaker, who was first elected to the House of Representatives 35 years ago, says he's optimistic about his chances and that his "supporters are enthusiastic."

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