Video: Obama and Palin woo crowds in Iowa

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    >>> we're only halfway through 2011 , but the 2012 presidential race is already intensifying. and some key players have been focusing a lot of their attention on the key battleground state of iowa this week. nbc's kelly o'donnell's in pella with the latest. kelly , good morning to you.

    >> reporter: good morning, matt. we've been talking to voters here around the state who say this is really an ideal time for them to get to see and size up a number of candidates and would-be candidates. that's sure happening among republicans. but another candidate who knows how valuable iowa can be to a white house run was back, and that's the president of the united states .

    >> hello, iowa !

    >> reporter: iowans expect to hear plenty of this.

    >> you know, i know you've been seeing a lot of politicians around lately.

    >> reporter: warmly courted by the president tuesday who stopped at an aluminum manufacturer to talk jobs.

    >> iowa , you and i, we go a long way back.

    >> reporter: a few hours away, sarah palin brought her brand of celebrity to a movie premiere attended by about 300 iowans.

    >> it is a wonderful story about american values .

    >> reporter: shot documentary style, the movie depicts palin favorably as a tough reformer in alaska.

    >> sarah had the courage to try. she had taken on the system already.

    >> reporter: made by conservative filmmaker steven bannan who says palin cooperated but had no control over the film's content.

    >> i think this film plays to the core value of the tea party and tea party movement and i hope it energizes people to get actively engaged. sfwh

    >> we're still thinking about that.

    >> reporter: palin was asked about bristol's comments that mom has already decided.

    >> she gedefinitely knows. we've talked about it before but some things just need to stay in the family.

    >> what's said on the fishing boat stays on the fishing boat .

    >> reporter: just-declared candidate michele bachmann --

    >> you are the first people in the united states to see the bachmann for president bus!

    >> reporter: who made stops in new hampshire and south carolina tuesday faces new candidate scrutiny including financial records for a family business .

    >> i'd like you to meet my husband, marcus bachmann !

    >> reporter: the couple owns bachmann & associates, a minnesota mental health clinic run by the congresswoman's husband who is a clinical therapist. while bachmann campaigns for less government spending and opposes an expansion of medicaid, nbc news obtained state records that show the bachmann 's clinic received government funds. $137,000 in federal and state medicaid payments since 2005 . that money considered reimbursement for treatment provided to low-income patients. and that's the kind of thing that many health clinics do do, and there's no suggestion that there's anything improper about that. we reached out to the bachmann campaign for specific comment. we did not hear back. but michele bachmann will be coming back to iowa for her first bus tour as a candidate officially in just a couple of days. ann?

    >> kelly o'donnell, thank you very

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  1. Image: Former Alaska governor Palin greets supporters as she and her husband Todd arrive for premiere of documentary "The Undefeated" in Pella, Iowa
    Brian Frank / Reuters
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    Obama and Palin woo crowds in Iowa

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