Former House Speaker Newt Gingrich (R-GA) has officially launched his much-awaited campaign for president -- officially returning to electoral politics for the first time since 1998, when he resigned as Speaker and from the House after Democrats gained seats and weakened Gingrich's hold on the GOP leadership.
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"I'm Newt Gingrich, and I'm announcing my candidacy for President of the United States," Gingrich says in a YouTube video, "because I believe we can return America to hope and opportunity, to full employment, to real security, to an American energy program, to a balanced budget."
Also in the video, Gingrich sought to remind voters of his past accomplishments, by looking back on the 1980s and 1990s, when he served in Congress. "I worked with President Ronald Reagan, in a very difficult period," Gingrich says. "We got jobs created again, Americans proud of America, and the Soviet Union disappeared.
"As Speaker of the House, I worked to reform welfare, to balance the budget, to control spending, to cut taxes, to create economic growth. Unemployment came down from 5.6% to under 4. And for four years, we balanced the budget and paid of $405 billion of debt.
"We've done it before, we can do it again."