Ron Paul Runs New Ad in Iowa and New Hampshire

Making his second bid for the Republican nomination and his third attempt at the White House, U.S. Rep. Ron Paul of Texas is hitting the airwaves in Iowa and New Hampshire. A new ad from the Paul team stresses the maverick Texas congressmans positions against federal spending -- and plays up his plan to eliminate five federal departments. Paul is battling former Gov. Mitt Romney of Massachusetts for second place behind former U.S. House Speaker Newt Gingrich in most Iowa polls.