
Bachmann Dominates at Economic Debate
Hanover, NH – Following the release of her economic blueprint, "American Jobs, Right Now," Republican presidential candidate Michele Bachmann demonstrated tonight at the Bloomberg/Washington Post GOP Presidential Debate that she is the only candidate equipped to grow our economy and spur job-creation.
As a consistent proponent for pro-business policies, Bachmann criticized the job-killing regulations placed on American businesses by the Obama administration and the federal government. She cited Dodd-Frank and Obamacare as the two chief opponents to job creation.
Referring to Dodd-Frank, Bachmann said, "Freddie and Fannie were the center of the universe in the mortgage meltdown and we had lending standards lowered for the first time in American history. The fault goes back to the federal government. Dodd-Frank institutionalized all of these problems that were put into effect by the federal government. That's why I introduced the bill to repeal Dodd-Frank, it's the Jobs and Housing Destruction Act."
Bachmann has been an unwavering challenger of Obamacare and its overarching policies that would cause irreparable harm to struggling job creators and those who benefit from Medicare.
She affirmed President Obama is out-of-touch with the healthcare needs of the American people when she said, "Senior citizens across the country have no idea that President Obama plans for Medicare to collapse and instead, everyone will be pushed into Obamacare. The way that Obamacare runs; there is a board called IPAB – it's made up of 15 political appointees, these 15 political appointees will make all the major healthcare decisions for over 3 million Americans. I don't want 15 political appointees to make a healthcare decision for a beautiful, fragile 85-year-old woman who should be making her own decisions."
Bachmann acknowledged that the job-killing regulations of the current administration are not the only reasons why our economy is suffering – it is the excessive spending that continues to draw the federal government deeper into debt. She declared, "Our government right now – this is significant – we are spending 40 percent more than what we take in – we all paid a lot of taxes this year, we paid $2.2 trillion in taxes. The American government spent one hundred percent of that $2.2 trillion, but the travesty is they spent $1.5 trillion more than that."
Bachmann continued, "Our answer has to be that we cut back on the spending so we get to balance. We've got to get our spending house in order and cut back on spending."
Bachmann fielded a question from her Republican colleague Mitt Romney regarding her plan to produce jobs for young college graduates. She referred to the job-killing regulations that need to be repealed in order to spur job creation.
"I am a mother of 28 kids, 23 foster kids, 5 biological kids. I get how difficult it is for young people right now to get jobs right out of college. The business world is looking at $1.8 trillion every year in compliance costs, with government regulations. That has to go," Bachmann said. "But the No. 1 reason that employers say that they are not hiring today is Obamacare, and I was the leading critic for President Obama in Washington, D.C. against Obamacare, that's why I was the first member of Congress to introduce that bill to repeal Obamacare. I understand that's what's inhibiting job creation and job growth."
Strongly wrapping up the debate, Bachmann asserted she would never be beholden to powerful lobbyists or political donors, and vowed to end that practice in Washington. "As President of the United States, I would end all of these payoffs to political donors by our legislators. That's wrong. That's got to end."