Bachmann calls Obama administration ‘infantile’ on financial reform
Friday, April 30, 2010 at 11:38 am
- 16 Comments
On a Wednesday broadcast of the Steve Malzberg radio show, Rep. Michele Bachmann said President Barack Obama had the “air of infantilism” regarding financial reform and said the bill currently being debated in the Senate would dictate the pay of bank tellers in Peoria, Illinois.
“This is breathtaking in the level of power that government will have over our lives when it comes to credit,” she said of the financial reform bill. “It gives government the authority to decide, for instance, how much a bank teller in Peoria, Illinois, will be making going forward because a pay czar will decide what anyone in banking will be able to make.”
According to the bill currently being considered in the Senate, there is no “pay czar” or provision governing payment of bank tellers. The bill provides that standards for compensation committees within financial institutions to oversee the compensation of bank executives. That can be found in Subtitle E (pdf) of the bill called, “Accountability and Executive Compensation.” It also directs financial institutions to hold a yearly vote on executive compensation.
(Bachmann’s office did not return a request for comment on her claim that bank teller pay would be set by the financial reform bill.)
Bachmann then attacked Obama.
“He’s spent the wad,” she said of Obama. “He’s already spent the huge wad of money. Now, somebody has to pay the bill. Somebody has to be the adult in the room. It’s easy to be the profligate spender. It’s really hard to earn the money and figure out how to pay the bill, and that’s what’s changed.”
She said that as a U.S. Senator, Obama often pressed the “present button” and passed off hard decisions to others and that he was passing the buck to Congress on financial reform.
“There’s an air of infantilism about spending all this money then acting completely oblivious about being the responsible party,” she said.
The full interview can be heard here: MP3
Follow Andy Birkey on Twitter16 Comments
Comment posted April 30, 2010 @ 12:09 pm
How is this woman allowed to spew the lies that she does? When are the people in her district going to learn? Will they all have to lose everything they own?
Comment posted April 30, 2010 @ 1:33 pm
If being infantile means that when big banks fall taxpayers don’t pick up the bill, and we have more consumer protection, let us all be big babies.
Comment posted April 30, 2010 @ 3:31 pm
Michele Bachmann mades up lies about the content of the financial reform legislation.
We can stop listening to her at that point. She has nothing constructive to offer, if she has to repeatedly lie about what Democrats propose. And her lying has been nonstop – accusations of indoctrination camps, disloyalty by members of Congress – the misinformation Michele Bachmann spreads is a flood of biblical proportion
Comment posted April 30, 2010 @ 3:46 pm
Bachmann’s opinions have the air of unchanged diapers.
The republicans did not want the business-paid fund for – what I think of as the “controlled implosion” of failing banks. To prevent another “taxpayer bailout”, they prefer a system where public funds pay for the demolition, then the taxpayers somehow get reimbursed on the back end.
Some republicans have said that the party strayed from their core principles during Bush43, but the party has become so extreme and anti-Democrat that they are continuing to betray those core principles.
Comment posted May 1, 2010 @ 2:10 pm
Since Bachmann is a tax attorney I’ll take her word over most anyone else when reading legislative vomit like this.
Given that Dodd and Co are far too stupid to comprehend any of these issues, I’ll gaurantee his evil genius buddies on Wall Street wrote this crap and will continue to suck blood from their little guy customers and taxpayers. Of course Dodd and his ilk will get their cut.
Comment posted May 2, 2010 @ 9:12 am
It’s a known fact Bachmann is a self centered hypocrite. That’s beyond debate. Sounds like she needs to move over to make room for her apologist, Jimmy.
Comment posted May 2, 2010 @ 5:57 pm
I can’t believe the same woman who accused President Obama of plotting to use the Census to round people up and put them in internment camps, is accusing President Obama of being infantile. The entire Republican Party are a pack of howling babies.
I’ll bet Bachmann was silent when the Bush Administration and the Republican Congress were doubling the national debt. Of course she was; like all Republicans, she’s a hypocrited.
Comment posted May 3, 2010 @ 8:54 am
Maybe a day of national prayer will solve all our financial problems, Ms. Bachmann. Please stick to those important issues you know something about. I know that drastically limits the scope of your input. Out of all MN Congressional reps, you have missed the most votes. Is it “infantile” to attack the President’s voting record as a Senator when your own voting record is so shoddy?
Pingback posted May 3, 2010 @ 9:30 am
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Comment posted May 6, 2010 @ 11:03 am
I thought Palin was an idiot, but this woman has got her beat hands down! Why don’t people see her for what she is? LIAR!
Comment posted May 7, 2010 @ 4:27 pm
I am proud to be from Minnesota. I am embarrassed that she represents us. Thank God for Betty McCollum.
Comment posted May 21, 2010 @ 5:29 pm
Wow … this woman is a big dummy. The problem is that her presence in Congress makes her a national disgrace and not just an embarrassment for the good people of Minnesota! If she’s not voted out in November it’s time to move to Canada or Mexico.
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