Michele Bachmann: financial crisis result of "too much government intervention"

You just can't make this stuff up. That's right, Bachmann thinks we've had too much government intervention in the financial markets and that's why their house of cards is collapsing. Even more amazing is her solution: suspend the capital gains tax, slash corporate income taxes and drill in a wildlife refuge.

And this is the member of congress to whom all the media rush to get sage advice on energy and the economy?

http://minnesota.publicradio.org/display/web/2008/09/23/bachmann_economy/

"We're looking at the American public, the American taxpayer, bailing out private businesses. That is not the way we do business in the United States of America." said Bachmann. "We need to engage the free market and capitalism. This financial failure was not the fault of free markets or of capitalism. Rather, it was the fault of too much government intervention."

Bachmann wants to see other changes that she says would help stabilize the sputtering ecomony. Her list includes cutting the corporate tax rate and suspending the capital gains tax.

Bachmann is also now trying to link the bailout with her other high-profile policy push for expanded oil drilling.

Reality-Free Zone. She is absolutely insane.

However, I want more regulation of corporations.

I hope she is out of the 6CD this fall.

:hi: to Jason Lewis' Producers, plug us anytime :evilgrin:

perhaps she has not feasted on a blood meal lately.

http://www.huffingtonpost.com/2008/09/29/gop-rep-republicans-compl_n_130446.html

Rep. Michele Bachmann (R-Minn.) threw cold water on a key rationale House Republican leaders have been employing this afternoon to explain why they couldn't deliver more GOP votes for the Wall Street bailout package.

At a Monday afternoon press conference, GOP leaders argued that Speaker Nancy Pelosi (D-Calif.) cost the measure a dozen Republican votes by delivering an overly partisan floor speech in support of it.

But Bachmann, speaking at a Republican Study Committee press conference, told reporters, "I want to assure you that was not the case. We are not babies who suck our thumbs. We have very principled reasons for voting no."

Bachmann was responding to comments Democratic leaders made dismissing the GOP leaders' claims. But she apparently confused the Democratic response with the initial charge by Republicans, and her comments mirrored those of the Democratic leaders.