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Concept
Ron Paul 1988 presidential campaign
Summary
The Ron Paul presidential campaign of 1988 began in early 1987 when former Congressman Ron Paul of Texas announced his candidacy for the 1988 presidential nomination of the Libertarian Party. He joined the third party after leaving the Republican Party over the Reagan administration's handling of the federal budget. He ran on a platform that included non-interventionism in foreign conflicts, decriminalization of illegal drugs on a federal level, a return to the gold standard, the abolition of the Federal Reserve and a reduction in all government spending.
Paul defeated Native American activist Russell Means at the Libertarian Party's National Convention in Seattle to win the party's presidential nomination. Former Alaska State representative Andre Marrou was selected as his running mate. After over a year of campaigning as the Libertarian Party nominee, Paul received very little media coverage and was excluded from presidential debates. On Election Day, he was on the ballot in 46 states and the District of Columbia, and finished in third place with approximately 0.5% of the vote, behind Democratic candidate Michael Dukakis and the winner Vice President George H. W. Bush.
Paul was elected to Texas's 22nd congressional district as a Republican during a special election early in 1976, and he supported Ronald Reagan's presidential bid that year. Paul lost his bid for re-election in late 1976, but was elected back to the seat in 1978. During his time in office, Paul followed the political and economic principles of laissez-faire advocate Ludwig von Mises, and gained a reputation as Dr. No, voting against legislation he felt was unconstitutional. He also advanced legislation establishing term limits for Congressmen, and opposed any implementation of a military draft.
After serving four terms in the U.S. House of Representatives, Paul vied for the 1984 Republican Party Senatorial nomination in Texas and gained a reputation as an adept fundraiser.
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