Jim Webb Announces 2016 Democratic Presidential Bid, Challenging Hillary Clinton

The former Navy Secretary acknowledged his long odds against Clinton.

"After many months of thought, deliberation and discussion, I have decided to seek the office of the Presidency of the United States,” he wrote in a more than 2,000-word statement posted on his campaign website.

He also criticized several other initiatives from the Obama White House.

He has been traveling the country in recent weeks, speaking to voters in several of the state, including Iowa, that hold early nominating contests.

But Webb faces long odds. A poll out on Thursday from Quinnipiac University shows Webb barely registering among likely Democratic caucus-goers in Iowa. According to the poll, he garners the support of around 1 percent of Democrats.

"I understand the odds, particularly in today’s political climate where fair debate is so often drowned out by huge sums of money," he wrote. "But our country needs a fresh approach to solving the problems that confront us and too often unnecessarily divide us."

Webb also the author of five books, including "Fields of Fire," a novel published in 1978 about the Vietnam War.