Michele Bachmann won the Ames straw poll this evening, with Ron Paul a close second and Tim Pawlenty a distant third.

Some observers thought Pawlenty would drop if he faired poorly, which he did, but he is indicated otherwise:

“We have a lot more work to do,” Pawlenty said, making clear he wasn’t dropping out despite a disappointing finish. “We are just beginning and I’m looking forward to a great campaign.”

**UPDATE** Pawlenty dropped out this morning.