Bachmann Holds Court at Iowa Faith and Freedom Confab

Tells conservative Hawkeye State audience 2012 is the country's "one last chance" to course correct, repeal Obamacare.

Bachmann: "We need someone who understands what this President that does not...that we stand on religion and morality and virtue."

Promises to institute "flatter, fairer tax," throw out the current tax code.

Says Obama's worst energy decision was ordering drilling moratorium following BP oil disaster.

Calls Iran-backed assassination plot an "act of war."