Rick Santorum announces bid for presidency

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He's in: Rick Santorum Is Making Another Presidential Run

Rick Santorum has thrown his hat into the ring for the 2016 presidential election.

The former Pennsylvania senator, who ran for the GOP nomination in 2012 but lost out to Mitt Romney, told ABC News' George Stephanopoulos that he's "ready" to try again.

"I'm ready to do this again," Santorum said.

Santorum, 57, will officially announce his bid at an event Wednesday in Cabot, Pa., near his childhood home.

"It's an exciting opportunity," he told Stephanopoulos. "To come back home, to be at a manufacturing facility, to really reconnect to what I grew up with and understood to be an America that worked, that worked for middle-income families, that created stable neighborhoods and strong families -- when you see all these reports coming out, one after another, from the far left and the far right talking about how the middle of America is hollowing out and the jobs just aren't there for the 74 percent of Americans who don't have a college degree, families are breaking down."

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Rick Santorum announces bid for presidency
DES MOINES, IA - MAY 16: Former Pennsylvania Senator Rick Santorum speaks to guests gathered for the Republican Party of Iowa's Lincoln Dinner at the Iowa Events Center on May 16, 2015 in Des Moines, Iowa. The event sponsored by the Republican Party of Iowa gave several Republican presidential hopefuls an opportunity to strengthen their support among Iowa Republicans ahead of the 2016 Iowa caucus. (Photo by Scott Olson/Getty Images)
SCOTTSDALE, AZ - MAY 14: Former U.S. Senator and GOP Presidental hopeful Rick Santorum speaks at the RNC Luncheon during the Republican National Committee Spring Meeting at The Phoenician May 14, 2015 in Scottsdale, Arizona. (Photo by Laura Segall/Getty Images)
In this photo taken Jan. 22, 2015, former Pennsylvania Sen. Rick Santorum poses for photographs during the March for Life anti-abortion rally in Washington. Santorum was undoubtedly an underdog the last time around in Iowa, and even he admits most voters probably don’t remember how he rallied to kick off the 2012 presidential election with a win in the state’s lead-off caucus Four years later, he’s again an underdog. And that suits him just fine. (AP Photo/Pablo Martinez Monsivais)
NASHVILLE, TN - APRIL 10: Former U.S. Sen. Rick Santorum (R-PA) speaks during the NRA-ILA Leadership Forum at the 2015 NRA Annual Meeting & Exhibits on April 10, 2015 in Nashville, Tennessee. The annual NRA meeting and exhibit runs through Sunday. (Photo by Justin Sullivan/Getty Images)
HOUSTON, TX - MAY 03: Former U.S. Sen. Rick Santorum (R-PA) speaks during the 2013 NRA Annual Meeting and Exhibits at the George R. Brown Convention Center on May 3, 2013 in Houston, Texas. More than 70,000 peope are expected to attend the NRA's 3-day annual meeting that features nearly 550 exhibitors, gun trade show and a political rally. The Show runs from May 3-5. (Photo by Justin Sullivan/Getty Images)
Former Pennsylvania Sen. Rick Santorum signs an autograph before speaking at the Iowa Faith & Freedom 15th Annual Spring Kick Off, in Waukee, Iowa, Saturday, April 25, 2015. (AP Photo/Nati Harnik)
MT PLEASANT, SC - JANUARY 19: Republican presidential hopeful and former U.S. Sen. Rick Santorum (R-PA) holds an outdoor press conference with by Family Research Council president Tony Perkins on January 19, 2012 in Mt. Pleasant, South Carolina. According to certified results released on January 19, by the Iowa Republican Party, Santorum won the January 3, Iowa Republican presidential caucuses by 34 votes. (Photo by John Moore/Getty Images)
MANCHESTER, NH - JANUARY 06: Republican presidential candidate, former U.S. Sen. Rick Santorum (C) arrives for a 'Faith, Family and Freedom' campaign town hall meeting in the parking lot of the Belmont Hall restaurant January 6, 2012 in Manchester, New Hampshire. Santorum moved the meeting into the parking lot after the local fire marshal said there were too many people inside the restaurant and it was unsafe. After coming in second place by only eight votes behind fellow candidate, former Massachusetts Gov. Mitt Romney in the Iowa Caucuses, Santorum is riding that momentum into next week's New Hampshire GOP primary. (Photo by Chip Somodevilla/Getty Images)
Surrounded by his family Republican presidential candidate, former Pennsylvania Sen. Rick Santorum announces he is suspending his candidacy in Gettysburg, Pa., Tuesday, April 10, 2012. (AP Photo/Gene J. Puskar)
Republican presidential candidates, from left, former Pennsylvania Senator Rick Santorum, U.S. Rep. Michele Bachmann, R-Minn., U.S. Rep. Ron Paul, R-Texas, forum moderator Frank Luntz, former House Speaker Newt Gingrich, former CEO of Godfather's Pizza Herman Cain and Texas Gov. Rick Perry stand on stage before the Thanksgiving Family Forum sponsored by The Family Leader, Saturday, Nov. 19, 2011, in Des Moines, Iowa. (AP Photo/Charlie Neibergall)
WASHINGTON, DC - NOVEMBER 26: Former GOP presidential candidate and former Sen. Rick Santorum (R-PA) (L) voices his opposition to the United Nations Convention on the Rights of Persons with Disabilities during a news conference with his wife Karen Santorum (3rd L) and his daughters, Isabella and Sarah, at the Dirksen Senate Office Building on Capitol Hill November 26, 2012 in Washington, DC. In 2008 the Santorum's eighth child, Isabella, was born and diagnosed with Edwards syndrome (Trisomy 18), a serious genetic disorder, with only a 10% chance of survival past one year old. Following the second hospitalization of Isabella in a few months, Santorum officially suspended his campaign for the presidency in June of 2012. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - NOVEMBER 26: Karen Santorum (L), wife of former GOP presidential candidate and former Sen. Rick Santorum (R-PA), cradles her daughter, Isabella, while participating in a news conference opposing the United Nations Convention on the Rights of Persons with Disabilities at the Dirksen Senate Office Building on Capitol Hill November 26, 2012 in Washington, DC. In 2008 the Santorum's eighth child, Isabella, was born and diagnosed with Edwards syndrome (Trisomy 18), a serious genetic disorder, with only a 10% chance of survival past one year old. Following the second hospitalization of Isabella in a few months, Santorum officially suspended his campaign for the presidency in June of 2012. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - NOVEMBER 26: Former GOP presidential candidate and former Sen. Rick Santorum (R-PA) (L) adjusts his daughter Isabella's hat during a news conference where he voiced his opposition to the United Nations Convention on the Rights of Persons with Disabilities with his wife Karen Santorum at the Dirksen Senate Office Building on Capitol Hill November 26, 2012 in Washington, DC. In 2008 the Santorum's eighth child, Isabella, was born and diagnosed with Edwards syndrome (Trisomy 18), a serious genetic disorder, with only a 10% chance of survival past one year old. Following the second hospitalization of Isabella in a few months, Santorum officially suspended his campaign for the presidency in June of 2012. (Photo by Chip Somodevilla/Getty Images)
LA CROSSE, WI - MARCH 28: Republican presidential candidate, former U.S. Sen. Rick Santorum and his daughter Elizabeth watch a fellow bowlers while bowling at South Lanes Bowling and Pizza during a campaign stop on March 28, 2012 in La Crosse, Wisconsin. Wisconsin residents will go to the polls on April 3 to vote for their choice for the Republican presidential nominee. (Photo by Scott Olson/Getty Images)
SAN JUAN, PUERTO RICO - MARCH 15: Presidenial candidate and former U.S. Sen. Rick Santorum (R-PA) (L) and daughter Sara Marie, 14, sit at Toro Salado restaurant March 15, 2012 in in San Juan, Puerto Rico. Santorum is on the second day of two-day campaign trip to where there are 23 GOP delegates up for grabs for the republican presidential nomination. (Photo by Christopher Gregory/Getty Images)
SAN JUAN, PUERTO RICO - MARCH 15: (L to R) Peter, 12, Daniel, 16, and Sara Marie, 14, wait for their father, presidenial candidate and former U.S. Sen. Rick Santorum (R-PA), to finish talking to reporters at theToro Salado restaurant March 15, 2012 in in San Juan, Puerto Rico. Santorum is on the second day of two-day campaign trip to where there are 23 GOP delegates up for grabs for the republican presidential nomination. (Photo by Christopher Gregory/Getty Images)
GRAND RAPIDS, MI - FEBRUARY 28: Rick Santorum addresses supporters as his wife Karen (L) and daughter Elizabeth Santorum (R) look on at a primary night gathering on February 28, 2012 in Grand Rapids, Michigan. ArizonVoters in Michigan and Arizona went to the polls today to pick their choice for the Republican presidential nominee. Republican presidential candidate, former Massachusetts Gov. Mitt Romney won both contests. (Photo by Joe Raedle/Getty Images)
Republican presidential hopeful Rick Santorum and his family wait for the start of a live television interview after speaking at a South Carolina Faith & Freedom Coalition Event in Myrtle Beach, South Carolina, January 16, 2012. South Carolina will hold its Republican primary on January 21, 2012. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)
CHARLESTON, SC - JANUARY 12: A family listens to Republican presidential candidate, former U.S. Sen. Rick Santorum during a town hall event on January 12, 2012 in Charleston, South Carolina. Voters in South Carolina will head to the polls on January 21 to vote in the primary election for the Republican presidential candidate. (Photo by Richard Ellis/Getty Images)
AMHERST, NH - JANUARY 07: Four-year-old Audrey Stecchi of Merrimack, New Hampshire, holds a sign as she waits for the arrival of Republican presidential candidate and former U.S. Sen. Rick Santorum, with her family outside Homestead Grocery & Deli January 7, 2012 in Amherst, New Hampshire. The meet-and-greet event was moved outside after too many people had showed up and exceeded the limit of the fire regulations. Santorum continued to campaign in New Hampshire for the upcoming primary election. (Photo by Alex Wong/Getty Images)
HOLLIS, NH - JANUARY 07: A supporter of Republican presidential candidate, former U.S. Sen. Rick Santorum wears a republican party sweatshirt during a Faith, Family and Freedom town hall meeting at the Lawrence Barn on January 7, 2012 in Hollis, New Hampshire. With less than one week before the New Hampshire primary, Rick Santorum continues to campaign in New Hampshire. (Photo by Justin Sullivan/Getty Images)
NASHUA, NH - JANUARY 09: Republican presidential candidate, former U.S. Sen. Rick Santorum speaks during a 'Faith, Family and Freedom' town hall at the Rivier College football field January 9, 2012 in Nashua, New Hampshire. Republican candidates have one final day of campaigning before New Hampshire holds its first in the nation primary tomorrow. (Photo by Win McNamee/Getty Images)
KEENE, NH - JANUARY 06: Republican presidential candidate, former U.S. Sen. Rick Santorum speaks during a town hall meeting on 'Faith, Family and Freedom' January 6, 2012 in Keene, New Hampshire. Santorum continued to campaign in New Hampshire for Tuesday's primary election. (Photo by Alex Wong/Getty Images)
KEENE, NH - JANUARY 06: Republican presidential candidate, former U.S. Sen. Rick Santorum pauses as he speaks during a town hall meeting on 'Faith, Family and Freedom' January 6, 2012 in Keene, New Hampshire. Santorum continued to campaign in New Hampshire for the upcoming primary election. (Photo by Alex Wong/Getty Images)
KEENE, NH - JANUARY 06: Republican presidential candidate, former U.S. Sen. Rick Santorum speaks during a town hall meeting on 'Faith, Family and Freedom' January 6, 2012 in Keene, New Hampshire. Santorum continued to campaign in New Hampshire for the upcoming primary election. (Photo by Alex Wong/Getty Images)
NORTHFIELD, NH - JANUARY 05: (EDITOR'S NOTE: Sepia aesthetic attained thru through Photoshop processing) Republican presidential candidate and former U.S. Sen Rick Santorum arrives at a 'Faith, Family and Freedom' Town Hall at Merrimack Valley Railroad on January 5, 2012 in Northfield, New Hampshire. Fresh off of a second place finish at the Iowa cuacus, Rick Santorum is trying to carry his momentum as he campaigns a week ahead of the New Hampshire primary. (Photo by Charles Ommanney/Getty Images)
NORTHFIELD, NH - JANUARY 05: (EDITOR'S NOTE: Sepia aesthetic attained thru through Photoshop processing) Republican presidential candidate and former U.S. Sen Rick Santorum speaks during a 'Faith, Family and Freedom' Town Hall at Merrimack Valley Railroad on January 5, 2012 in Northfield, New Hampshire. Fresh off of a second place finish at the Iowa cuacus, Rick Santorum is trying to carry his momentum as he campaigns a week ahead of the New Hampshire primary. (Photo by Charles Ommanney/Getty Images)
NEW ORLEANS, LA - MAY 31: Former U.S. Sen. Rick Santorum (R-PA) speaks during the final day of the 2014 Republican Leadership Conference on May 31, 2014 in New Orleans, Louisiana. Leaders of the Republican Party spoke at the 2014 Republican Leadership Conference which hosted 1,500 delegates from across the country. (Photo by Justin Sullivan/Getty Images)
NEW ORLEANS, LA - MAY 31: Former U.S. Sen. Rick Santorum (R-PA) speaks during the final day of the 2014 Republican Leadership Conference on May 31, 2014 in New Orleans, Louisiana. Leaders of the Republican Party spoke at the 2014 Republican Leadership Conference which hosted 1,500 delegates from across the country. (Photo by Justin Sullivan/Getty Images)
UNITED STATES - MARCH 15: Former Sen. Rick Santorum, R-Pa., speaks at the 2013 Conservative Political Action Conference at the Gaylord National Resort & Conference Center at National Harbor, Md., on Friday, March 15, 2013. (Photo By Bill Clark/CQ Roll Call)
MT PLEASANT, SC - JANUARY 19: Republican presidential hopeful and former U.S. Sen. Rick Santorum (R-PA) (C) arrives for a press conference on January 19, 2012 in Mt. Pleasant, South Carolina. According to certified results released on January 19, by the Iowa Republican Party, Santorum won the January 3, Iowa Republican presidential caucuses by 34 votes. (Photo by John Moore/Getty Images)
NORTHFIELD, NH - JANUARY 05: Republican presidential candidate, former U.S. Sen Rick Santorum meets voters during a 'Faith, Family and Freedom' Town Hall at Merrimack Valley Railroad on January 5, 2012 in Northfield, New Hampshire. Fresh off of a second place finish at the Iowa cuacus, Rick Santorum is trying to carry his momentum as he campaigns a week ahead of the New Hampshire primary. (Photo by Charles Ommanney/Getty Images)
MANCHESTER, NH - JANUARY 06: Republican presidential candidate, former U.S. Sen. Rick Santorum arrives for a 'Faith, Family and Freedom' campaign town hall meeting in the parking lot of the Belmont Hall restaurant January 6, 2012 in Manchester, New Hampshire. Santorum moved the meeting into the parking lot after the local fire marshal said there were too many people inside the restaurant and it was unsafe. After coming in second place by only eight votes behind fellow candidate, former Massachusetts Gov. Mitt Romney in the Iowa Caucuses, Santorum is riding that momentum into next week's New Hampshire GOP primary. (Photo by Chip Somodevilla/Getty Images)
BEDFORD, NH - JANUARY 06: Campaign signs for Republican presidential candidates former U.S. Senator Rick Santorum (R-PA) and former Massachusetts Gov. Mitt Romney line a road January 6, 2012 in Bedford, New Hampshire. After coming in second place by only eight votes behind former Massachusetts Governor Mitt Romney in the Iowa Caucuses, Santorum trying tio riding that momentum into next week's New Hampshire GOP primary. (Photo by Chip Somodevilla/Getty Images)
MANCHESTER, NH - JANUARY 06: University of New Hampshire student Evan West holds up a sign while demonstrating against Republican presidential candidate, former U.S. Sen. Rick Santorum outside the Belmont Hall restaurant January 6, 2012 in Manchester, New Hampshire. West, who said he was not gay, said, 'The issue is serious, the sign is not.' After coming in second place by only eight votes behind fellow candidate, former Massachusetts Gov. Mitt Romney in the Iowa Caucuses, Santorum is riding that momentum into next week's New Hampshire GOP primary. (Photo by Chip Somodevilla/Getty Images)
NORTHFIELD, NH - JANUARY 05: Republican presidential candidate, former U.S. Sen Rick Santorum speaks during a 'Faith, Family and Freedom' Town Hall at Merrimack Valley Railroad on January 5, 2012 in Northfield, New Hampshire. Fresh off of a second place finish at the Iowa cuacus, Rick Santorum is trying to carry his momentum as he campaigns a week ahead of the New Hampshire primary. (Photo by Charles Ommanney/Getty Images)
AMES, IA - AUGUST 13: Republican presidential candidate and former U.S. Senator Rick Santorum (R-PA) greets voters outside the Hilton Coliseum, where Iowans will vote in the Iowa Straw Poll at Iowa State University August 13, 2011 in Ames, Iowa. Nine GOP presidential candidates are competing for votes in the straw poll, an important step for gaining momentum in a crowded field of hopefuls. (Photo by Chip Somodevilla/Getty Images)
WAUKEE, IA - MARCH 07: Former U.S. Sen. Rick Santorum speaks at the Iowa Faith & Freedom Coalition Event, Monday March 7, 2011 in Waukee, Iowa. Five Republicans considering a run for president in 2012 presented themselves to hundreds of activists at the event. (Photo by Steve Pope/Getty Images)
UNITED STATES - APRIL 07: SENATE GOP LEADERS--Senate GOP Conference Chairman Rick Santorum, R-Pa., Senate Energy Chairman Pete V. Domenici, R-N.M., Senate Majority Leader Bill Frist, R-Tenn., and Senate Finance Chairman Charles E. Grassley, R-Iowa, talk to the media in the Ohio Clock Corridor after the GOP policy luncheon. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
UNITED STATES - OCTOBER 01: CORPORATE TAXATION REVISION--Chairman Charles E. Grassley, R-Iowa, ranking Democrat Max Baucus, D-Mont., Sen. Kent Conrad, D-N.D., Sen. Don Nickles, R-Okla., Sen. Trent Lott, R-Miss., Sen. Rick Santorum, R-Pa., and Sen. Craig Thomas, R-Wyo., huddle before the Senate Finance Committee markup of legislation that would overhaul the corporate tax code to meet World Trade Organization (WTO) objections to some provisions in current tax law that the WTO views as an illegal subsidy. According to a committee spokesperson, they were discussing how to deal with the corporate-owned life insurance issue. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
UNITED STATES - MAY 08: ECONOMIC GROWTH PLAN--Senate Finance Chairman Charles E. Grassley, R-Iowa, and Sen. Rick Santorum, R-Pa., consult before the markup of draft legislation that would implement the administration's proposed economic growth plan. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
UNITED STATES - MAY 23: TRADE BILL--Sen. John McCain, R-Ariz., Sen. Kay Bailey Hutchison, R-Texas, Sen. Chuck Hagel, R-Neb., Sen. Charles E. Grassley, R-Iowa, Senate Majority Leader Trent Lott, R-Miss., Sen. Rick Santorum, R-Pa., Sen. Don Nickles, R-Okla., obscured, and Sen. Phil Gramm, R-Texas, during a news conference celebrating the imminent passage of the trade bill in the Senate. On the table are products representing products that they say will be helped by the bill. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
UNITED STATES - MARCH 04: GOP UNITY ON BBA -- Sen. Ted Stevens, R-Alaska, Sen. Rick Santorum, R-Pa., and Senate Majority Leader Trent Lott, R-Miss., walk down Senate steps with other Repuiblicans in a show of unity on the Balanced Budget Amendment. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
UNITED STATES - JUNE 15: CAMPAIGN FINANCE--Sens. Bob Bennett, R-Utah, Mitch McConnell, R-Ky., and Rick Santorum, R-Pa., during a news conference on their campaign finance bill. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)
Sen. Rick Santorum, R-Pa., is seen during a news conference at the 30th Street Post Office in Philadelphia on Tuesday, Oct. 17, 2006. Santorum will face Democratic challenger Pennsylvania State Treasurer Bob Casey in this falls midterm elections. (AP Photo/Matt Rourke)
U.S. Senator Rick Santorum, R-Pa., appears before supporters in Pittsburgh to concede to Democrat Bob Casey Tuesday, Nov. 7, 2006.(AP Photo/Gene J. Puskar)
U.S. Senator Rick Santorum, R-Pa., and his brother Dan Santorum, left, make calls to get out the vote from his campaign headquarters in Pittsburgh Tuesday, Nov. 7, 2006. Santorum is being challenged by Democrat Bob Casey. (AP Photo/Gene J. Puskar)
U.S. Senator Rick Santorum, R-Pa., talks with a campaign volunteer outside the Republican headquarters in downtown Meadville, Pa., Monday, Nov. 6, 2006.(AP Photo/Gene J. Puskar)
Sen. Rick Santorum, R-Pa., right, speaks to supporters at a rally in Lancaster, Pa., Sunday, Nov. 5, 2006. Standing left is Santorum's wife Karen Santorum and their daughter Sarah. (AP Photo/Carolyn Kaster)
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"Obviously, we learned something from the last campaign," Santorum said. "Number one, we're gonna have more money."

Watch Santorum make his announcement in the video.

Read original story Rick Santorum Announces Bid for Presidency at TheWrap

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