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Pawlenty Formally Enters 2012 Republican Presidential Race

Former Minnesota Governor Tim Pawlenty sought to present himself as a Republican presidential candidate willing to take unpopular stands as he entered the 2012 race today with a speech in Iowa.

Along with an assault on President Barack Obama’s economic policies, priorities and leadership, Pawlenty said it was a “time for truth” in U.S. politics and called for shared sacrifice to help balance the federal budget. That included his call for an end to federal aid for ethanol production, a subsidy that benefits Iowa farmers by creating more demand for corn.