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After speculation that Sarah Palin may be gunning for a 2012 presidential run based on her raising $865,000 in the second quarter, FrumForum says not so fast. A look at Michele Bachmann shows that the Republican representative has been quietly raising huge amounts of money for her campaign, even while managing her duties as a congresswoman and her reelection campaign. She raised a dizzying $1.7 million last quarter, beating Palin’s much-publicized fundraising machine. Mitt Romney also raised more in just two months than the former governor did in three.