Obama announces 2012 re-election bid

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WASHINGTON – US President Barack Obama Monday formally announced his 2012 re-election bid, saying the country needed “to protect the progress” it had made.
“Today, we are filing papers to launch our 2012 campaign,” Obama said in a statement.
He explained that as his administration and supporters across the country “fight to protect the progress we’ve made — and make more — we also need to begin mobilizing for 2012, long before the time comes for me to begin campaigning in earnest.”