Election 101: Ten facts about Michele Bachmann and her presidential bid

With her announcement Monday that she is entering the presidential race, Michele Bachmann has given the tea party a candidate to call its own. Is she capable of running a campaign that can withstand the rigors and scrutiny of the presidential process?

6. How will she fund her campaign?

Shannon Stapleton/REUTERS
Michelle Bachmann talks to the audience after the end of the first New Hampshire debate of the 2012 campaign at St. Anselms College in Manchester, N.H., Monday.

At the end of March, her congressional reelection campaign reported $2.8 million in cash (all of which could be funneled into a presidential run), while her leadership PAC had another $300,000 in cash at the end of April.

Significantly, roughly three-quarters of Bachmann’s donations have been from contributors who gave $200 or less – and as Barack Obama demonstrated in 2008, lots of small donors can lead to lots of money. On the other hand, Bachmann doesn’t have a network of big-ticket donors – such as Mitt Romney has – to rely on when the going gets tough.

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