Straw Poll Results of the Day: Rep. Michele Bachmann was declared the winner of the Ames GOP straw poll, securing her first place with a total of 4,823. Bachmann edged out her closest competitor, Congressman Ron Paul, by 152 votes.
Say What Now of the Day: Responding to hecklers at an Iowa State Fair rally, 2012 GOP presidential candidate Mitt Romney shot back with a sound bite that will likely haunt him for as long as he campaigns: "Corporations are people." (Skip to 0:55.)
Breaking News of the Day: In a move that will shock absolutely no one who has a passing familiarity with the middling magnate's publicity tactics, Donald Trump has officially announced that he will not be seeking the GOP's 2012 presidential nomination.