Republican Gingrich to run for presidency in 2012

Republican Gingrich to run for presidency in 2012

"Today I am announcing my candidacy for President of the United States," Gingrich said in a message on the micro-blogging social network Twitter.

"There's a much better American future ahead with more jobs, more prosperity, a better health system, longer lives, a greater independent living and a country that is decentralized under the 10th Amendment with power once again back with the American people and away from Washington bureaucracy," he said in a YouTube message.

"For four years we balanced the budget and paid off USD 405 billion in debt. We've done it before. We can do it again," Gingrich said.

Later in an interview to Fox news, he said: "This is not about one person in the Oval Office. This is about millions of Americans deciding that together we can win the future with the right policies leading to the right outcomes. And then we have to win the argument that President Obama has the wrong policies, and they lead to the wrong outcomes."

Having served as the House Speaker from 1995 to 1999 and author of more than twenty books, Gingrich told the Fox News that his first executive order would be to eliminate Obama's so-called policy "czars", but his greater goal would be to balance the budget over several years by growing the economy.

However, it is long way to go before the former House Speaker can bag the Republican ticket to run against Obama in November 2012. About half a dozen Republican presidential aspirants would contest during the primaries next year to beg the party's tickets.

Other Republican leaders in the fray are Tim Pawlenty, Mike Huckbee, Rick Santorum and Paul Ryan. More are expected to announced their decisions in the coming months.

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