Forms an exploratory committee to gauge support

On February 19, 2007, Paul formed an exploratory committee to gauge support for a run in the 2008 United States presidential election.

Extract from his video address:
"After serious consideration with my family, and in response to many requests, I have agreed to form a presidential exploratory committee, as a preliminary step to becoming a candidate in the Republican primary for the 2008 election.

We have lost our way and strayed from the free society our Founders secured for us in the Constitution, but there's no reason the principles that made us the greatest nation ever can't be restored.
Our goal always should be the preservation of liberty. It is much more important to protect individual liberty and privacy than to make government even more secretive and powerful.

These goals are worth fighting for.

There is hope for America.

Please support me in these efforts."

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