Bachmann’s record in Congress is not one of a representative whose district faces such a crisis. Bachmann hasn’t authored or sponsored any legislation to assist homeowners facing foreclosure, but she has co-sponsored 14 bills to restrict abortions and five to promote Christianity in government.You go, girl! Gettin' it done! Saving the American dream from the money-changers!
Let's hear Batgirl explain the financial crisis (in partisan terms, of course) & then we'll wonder how many of these poor people of color (who are personally responsible for the failure of capitalism & the free market) live in her district.
“Because of CRA," Bachmann said, “[President Bill Clinton] turned the two quasi-private, mortgage-funding firms into a semi-nationalized monopoly that dispensed cash to markets, made loans to large Democrat [sic] voting blocs and handed favors, jobs and money to political allies. This potential mix led inevitably to corruption and the Fannie-Freddie collapse. “Loans started being made on the basis of race, and often little else,” she said.Bear in mind she's reading from that unimpeachable source, Investors Business Daily. Never had an original idea herself, apparently.
Brought to our attention by the Minn. Independent's sister publication, The Washington Independent, which summarized it well, & added a cynical note on representative democracy. Heh indeed.
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