Today in stating the obvious:

Michele Bachmann has “run out of money and ideas” and can no longer expect to win in Iowa, her former campaign manager told ABC News on Monday.

Ed Rollins, who left the campaign in September, said the Minnesota congresswoman had backed off earlier comments by her campaign that Iowa was a “must-win” state because she lacked the finances, campaign structure, and ideas to win the first-in-the-nation caucus state.

With Bachmann and Perry, the 2012 Republican presidential race is providing some excellent case studies to future campaigns in how not to run a campaign. They have done nothing but squander the good will of Republican voters at every turn.

Also: Bachmann running out of ideas during an interview with Christiane Amanpour.