Rep. Michele Bachmann, Minnesota Republican, waves to the crowd as she officially announces her intent to seek the GOP presidential nomination on Monday, June 27, 2011, in Waterloo, Iowa. (AP Photo/Charlie Riedel)

Photo by: Charlie Riedel

Rep. Michele Bachmann, Minnesota Republican, waves to the crowd as she officially announces her intent to seek the GOP presidential nomination on Monday, June 27, 2011, in Waterloo, Iowa. (AP Photo/Charlie Riedel)