Exclusive – Rick Santorum Will Run for President: 'We're In It to Win'

And with that another Republican challenger jumped into the 2012 race this morning on "GMA."

"We are ready to announce that we are going to be in this race and we're in it to win," Rick Santorum told me.

Santorum, a former two-term Senator from Pennsylvania, will formally kick-off his campaign in his home state later this morning near a coal mine where his grandfather worked after immigrating from Italy.

The father of seven has been a frequent sight in the early voting states. This week is no exception with a trip to Iowa tomorrow followed by another trip to the first in the nation primary state on Wednesday. But he’s trailing in the polls. The latest Gallup poll has him at 2 percent behind Romney’s 19, Palin’s 15 and Ron Paul’s 13.

Santorum rose to the third seat in the GOP Senate leadership but lost his 2006 bid for a third term to Senator Bob Casey by 18 points. Since then he has served as a senior fellow at the Ethics and Public Policy Center and as a Fox News analyst, until they suspended his contract on March 2 while he debated his 2012 plans.

-- George Stephanopoulos

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