Michelle Bachmann blames economic woes on Gov't "hyper-regulation" and loans made to poor minorities

[Mister Ed]

Okay, these are just a couple of the pearls of wisdom offered by Michele Bachmann over the years. We got lots more where these came from. Why do you think the Minnesota State Bird is the loon?

It's hard to find a knowledgeable economist anywhere on the political spectrum who thinks that over-regulation, rather than a lack of government oversight, caused the current economic crisis. But our Michele, she's a maverick who speaks her mind.

From the Minneapolis Star-Tribune:

http://tinyurl.com/5g84um

Rep. Michele Bachmann, a Republican, is telling voters that "hyper-regulation" by the federal government created a chain of events that caused bank failures and credit freezes...

Her Democratic challenger, Elwyn Tinklenberg, tells voters that lack of government regulation encouraged bankers to make reckless bets that brought on the crisis.

And Michele knows who's reallyto blame for the financial crisis. It's those poor minorities!

From the Minnesota Independent:

http://tinyurl.com/4jb6gy

Against all reason, Bachmann and others blame 1977 fair-lending law for adding to economic crisis

Rep. Michele Bachmann slammed CRA in an appearance on Larry King Live on Monday night. “Look at the housing crisis. Government has to take its share of the blame,” she said. “After all, the government was goading these mortgage lenders, saying, ‘You’re redlining. You’re being discriminatory. If you don’t give loans out to marginally credit-worthy people we’re going to come after you.’ In fact, Chairman Barney Frank has made comments like that as well.”

She continued, “The Democrat-controlled Congress wants to have these mortgage lenders make loans to people with marginal credit. Well, guess what? If you aren’t making lending… it is not a shock when you have loans that aren’t paid back.”

Bachmann sits on the House Financial Services Committee with fellow Minnesota Rep. Keith Ellison. And Ellison is not amused by that type of rhetoric.

“This is the height of chutzpah,” said Rep. Keith Ellison in a scathing statement on Tuesday. “To suggest that the greatest financial crisis we face since the Great Depression was caused by legislation that was created to help PREVENT low-income individuals from assuming high-cost, subprime loans that have caused the crisis today is absurd.”

[aquart]

1. Love Ellison using "chutzpah."

But I wish to point out that despite knowing this idiot is an idiot, Bachman's opponent's fund at Act Blue UNTIL YESTERDAY EVENING was what? $2,500? I wonder if Tinklenberg sat up all night watching Act Blue?

[MNDemNY]

2. I hope he was buying air time and working on ads!

[aquart]

4. $120,353 @11:44am eastern time

[Waiting For Everyman]

3. And this piece of work is on Financial Services? That explains a lot.

And even though I'm "of a certain age", and a woman, and have patience which is often remarked-upon, and not even from her state, I'd like to personally fix her wagon for her!

It's time for her to go. Excuse me, I have to go donate to Tinklenberg...

[dkofos]

5. I looked up "CLUELESS BITCH" on the internets, and there was a picture of

Rep. Michele Bachmann.

Who could have guessed!!

[HCE SuiGeneris]

6. The lil Boosh toadie needs to be more than censured...

the public trough for her, and those like her, needs to come to a final and abrupt end. I have sent my letters and made my calls. Time to part with some cash to ensure this cretin falls in her next bid to unleash more hate and fear.