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Minnesota Congresswoman Michele Bachmann has formally dropped out of the race for the 2012 GOP nomination after finishing last in the Iowa Caucuses. The Iowa native and self-styled leader of the Tea Party claimed a meager 5 percent of the vote. She held a press conference in Des Moines today and said, "Last night, the people in Iowa spoke with a very clear voice, and so I have decided to step aside." She did not endorse any other candidate in her remarks.
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