Mitt Romney Enters US Presidential Race

Republican Candidate for United States President Mitt Romney during his announcement as a candidate to supporters on a farm in Stratham, New Hampshire, USA 02 June 2011 EPA/BGNES

American millionaire and former governor of Massachusetts Mitt Romney has formally entered the race for the presidential nomination of the Republican Party after failing to clinch it in 2008.

Speaking at the Bittersweet Farm in New Hampshire Thursday, Romney described himself as the Republican candidate who can take Obama in the 2012 US Presidential Elections, blasting especially vigorously the economic policies of the current President.

Even though Romney has an entire year of primaries ahead of him if he is ultimately going to win the Republican nomination, he made no mention of his rivals to the nomination within the Republican Party.

"Barack Obama has failed America. In the campaign to come, the American ideals of economic freedom and opportunity need a clear and unapologetic defense, and I intend to make it - because I have lived it," Romney stated as cited by the New York Times.

In spite of his prominence and fund-raising apparatus, Romney's chances remain highly uncertain as he is seen as controversial by many Republican constituents because of a number of factors such as his being a Mormon, and the universal healthcare that he championed as Governor in the state of Massachusetts, which is viewed by many as the forerunner and inspiration for "Obamacare" – the universal healthcare initiative of President Barack Obama highly criticized by the Republicans.

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