(CNN) -- Vowing to "restructure the government," U.S. Rep. Thad McCotter formally announced his candidacy for president at a festival in his home state of Michigan Saturday.The conservative, guitar-playing five-term congressman is the tenth Republican and third member of the U.S. House of Representatives to enter the race. He is considered a long-shot candidate by party insiders."Through your hard work and through your principled determination to bequeath to your children a better America, we will restructure the government," McCotter said at the Freedom Festival in Whitmore Lake, Michigan. "While it is a hard road ahead, we will have better days and we will start now."CNN's Steve Brush contributed to this report.Copyright CNN 2011
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