Former Senator Rick Santorum Announces Republican Presidential Bid

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Rick Santorum threw his hat into the ring for the Republican 2012 Presidential nomination.Rick Santorum, a former United States Senator from Pennsylvania, announced Monday that he would run for the Republican nomination for the Presidency.

The candidate, who spent two terms in the Senate before losing his re-election bid in 2006, has won two straw polls — in New Hampshire and South Carolina — but trails in polls, reports ABC News.

Santorum said that he didn’t believe his loss in his last campaign would hurt him because he stuck to his principles and wouldn’t back down.

“My feeling is, losing an election is not the worst thing that can happen,” he told The New York Times. “The worst thing that can happen is not standing up for what you believe in when you’re running for that election.”

Santorum made the announcement in Somerset County, Penn., near where his coal-mining grandfather worked after coming to America from Italy.

“People have understood that something is wrong,” the 53-year-old candidate said. President Barack Obama is “devaluing our dollar and he’s devaluing our other currency, our moral currency,” he said.

The latest Gallup Poll shows Santorum at 2 percent, with former Massachusetts Governor Mitt Romney leading the Republican field at 19 percent.

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