Bailouts, Social Security make way into new Bachmann, Clark ads

Rep. Michele Bachmann and her DFL opponent Tarryl Clark released a new round of TV ads on Tuesday. In Bachmann’s spot, she says she voted against President Bush’s Wall Street bailout, while Clark’s ad accuses Bachmann of wanting to “wean” seniors off of Social Security.

Clark’s assertion about Bachmann comes from a speech Bachmann gave at the the Constitutional Coalition meeting in February. Here are her full remarks:

BACHMANN: Is the country too big to fail? No, the country can fail. We can, we’re not invincible. And we’re so close now to being at that point because the thing is, as Glenn Beck said last night, it is true. The $107 trillion that he put on the board. We’re $14 trillion in debt, but that doesn’t include the unfunded massive liabilities. That’s $107 trillion, and that’s for Social Security and Medicare and all the rest. You add up all those unfunded net liabilities, and all the traps that could go wrong we’re on the hook for, and what it means is what we have to do is a reorganization of all of that, Social Security and all. We have to do it simply because we can’t let the contract remain as they are because the older people are going to lose. So, what you have to do, is keep faith with the people that are already in the system, that don’t have any other options, we have to keep faith with them. But basically what we have to do is wean everybody else off. And wean everybody off because we have to take those unfunded net liabilities off our bank sheet, we can’t do it. So we just have to be straight with people. So basically, whoever our nominee is, is going to have to have a Glenn Beck chalkboard and explain to everybody this is the way it is.

In Bachmann’s ad, she takes a turn against Bush and lumps him in with President Obama and House Speaker Nancy Pelosi. “Government spending does not create good jobs,” she says. “That’s why I led the fight against the Bush Wall Street bailout, the Obama stimulus packages and the Pelosi spending sprees.”

Here’s Bachmann’s ad:

And Clark’s ad: