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Rep. Michele Bachmann, a hero to many conservatives and tea party advocates who saw her fortunes rise and fall quickly in the 2012 race for the GOP presidential nomination, announced early Wednesday that she will not seek re-election to a fifth term in Congress.

The Minnesota Republican said that, "the law limits anyone from serving as president of the United States for more than 8 years ... in my opinion, well, 8 years is also long enough for an individual to serve as a representative for a specific congressional district." She said she will remain in Congress through the end of her term, which expires after the 2014 election.