Texas Representative Ron Paul will run for the Republican nomination for president in 2012, he announced Friday. Paul, 75, first ran for the presidency as a Libertarian in 1988; this will mark his third attempt. “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 Paul, who is known as “Dr. No” on Capitol Hill for bashing runaway spending and government overreach. He is the second Republican to announce his candidacy—former House Speaker Newt Gingrich announced he is running for the 2012 nomination via Twitter on Wednesday.