Both women are favorites of the tea party movement. But Bachmann says she doesn't compare herself to Palin
-- she compares herself to President Barack Obama.
Bachmann says there's "enough room for a lot of contenders" to challenge Obama in 2012.
The Minnesota Republican says she considers Palin, the GOP's 2008 vice presidential candidate, a "friend," not a "competitor." But she told ABC's "Good Morning America" on Tuesday that she has no problem running against a friend.
Bachmann spoke to ABC from New Hampshire, which holds the GOP's first presidential primary next year. She is expected to announce her campaign decision in Iowa next month.
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