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Posted: 2022-11-16T03:25:17Z | Updated: 2022-11-16T03:25:17Z

Former President Donald Trump said much of the blame for the Republican Party s middling performance in last weeks midterm elections was correct, but he shrugged off concerns about the GOPs power as he announced he will once again seek the White House in 2024.

Much criticism is being placed on the fact that the Republican Party should have done better, and, frankly, much of this blame is correct, he said. But the citizens of our country have not yet realized the full extent and gravity of the pain our nation is going through, and the total effect of the suffering is just starting to take hold.

Trump: Much criticism is being placed on the fact that the Republican party should have done better. Frankly, much of this blame is correct. But the citizens of our country haven't realized the full gravity of the pain our nation is going through.. pic.twitter.com/7TUb18OtP4

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Trump: Much criticism is being placed on the fact that the Republican party should have done better. Frankly, much of this blame is correct. But the citizens of our country haven't realized the full gravity of the pain our nation is going through.. pic.twitter.com/7TUb18OtP4

Acyn (@Acyn) November 16, 2022

The former president added that he believed Republicans were too ambitious in their hopes for a red wave, saying any win should make them happy. The party is likely to win narrow control of the U.S. House this week as remaining votes are tallied.

Trump had long been expected to run again, but Tuesdays announcement will set the stage for a long, and potentially full, race for the Republican nomination. Several high-profile Republicans are expected to throw their hats into the ring, including Florida Gov. Ron DeSantis , riding high on a huge reelection victory last week, and former Vice President Mike Pence , who said Monday he is actively considering a bid.