Bachmann concedes she misspoke on Wayne's hometown

Republican presidential candidate Michele Bachmann is acknowledging "misspeaking" occasionally, including wrongly claiming that actor John Wayne was from her Waterloo, Iowa hometown, but says she's "a substantive, serious person" who would be a good president.

Bachman, who announced her candidacy on Monday, flubbed her hometown history in a weekend interview in which she declared "John Wayne was from Waterloo" and "that's the kind of spirit that I have, too."