(CNN) -- Vowing to "restructure the government," Congressman 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."
A website for McCotter's campaign, mccotter2012.com, is now up.
On it, the candidate identifies five "principles," among them: "Our liberty is from God not the government" and "Our security is from strength nor surrender."
McCotter was born in Detroit and started his own law practice. He is a member of the House Financial Services Committee and previously served as chairman of the Republican House Policy Committee. McCotter is married with three children.
CNN's Steve Brusk contributed to this report.