March 26th, 2009
06:04 PM ET
11 years ago

Bachmann bill would prohibit global currency

Bachmann has already been assured that the United States will not adopt another currency.

Bachmann has already been assured that the United States will not adopt another currency.

WASHINGTON (CNN) - Rep. Michele Bachmann has introduced a bill that would prohibit the president from signing on to a global currency, despite congressional testimony from Obama administration officials that they would reject any proposal to replace the dollar.

In hearings earlier this week, the Republican congresswoman called on Fed Chairman Ben Bernanke and Treasury Secretary Timothy Geithner to denounce the idea that the United States might adopt any other currency. Both men did.

Bachmann's bill, introduced Wednesday, proposes a constitutional amendment "to prohibit the President from entering into a treaty or other international agreement that would provide for the United States to adopt as legal tender in the United States a currency issued by an entity other than the United States."

During Tuesday's hearing, Bachmann pointed to recent remarks from Russia and China as part of the basis for her concern - comments suggesting that countries which have used the dollar as their reserve currency might begin to consider other sources. But those decisions, which would be made by foreign governments, would be unaffected by any congressional legislation, and would have no impact on U.S. currency decisions.

Bachmann's bill has been referred to the Judiciary Committee.


Filed under: Michele Bachmann
soundoff (215 Responses)
  1. Peter

    This woman is crazy...

    March 26, 2009 06:05 pm at 6:05 pm |
  2. Gorbashov - Long Beach, Ca.

    If pot was legal just think of all of the tax money we would get from Rep. Bachman.

    March 26, 2009 06:05 pm at 6:05 pm |
  3. ObamaNation

    Thank God for Bachmann!

    March 26, 2009 06:06 pm at 6:06 pm |
  4. X Republican

    If Bachmann thinks this is a bad idea, maybe Obama should reconsider.

    March 26, 2009 06:07 pm at 6:07 pm |
  5. Cynthia

    This nut case is still walking around on the loose.

    March 26, 2009 06:08 pm at 6:08 pm |
  6. Tom

    Bachmann is irrelevant.

    Maybe she should have listened to Obama's answer during the press conference. Major Garret from FoxNews asked if he would support any move off the US dollar as the world's currency.

    Obama answered clearly and definitevely... "No, I do not".

    March 26, 2009 06:10 pm at 6:10 pm |
  7. tedious898

    And I thought Palin had cornered the market on ignorant buffonery. I wonder if Baackman has learned any other new words aside from Socialist. She should leave terrorist to Palin.

    Where did these goofy malcontents come from anyway? I would be where higher education is in limited supply.

    March 26, 2009 06:11 pm at 6:11 pm |
  8. independent in CO

    Why don't we just eliminate the federal reserve and get back to gold and silver backed currency?

    March 26, 2009 06:11 pm at 6:11 pm |
  9. Lt_ahhsumm

    Well, it's a good thing Rep. Bachmann wants to remind us she's still in Washington, doing....well, something. Too bad its nothing useful!

    March 26, 2009 06:11 pm at 6:11 pm |
  10. Chris in Kissimmee, FL

    For those of you who are familiar with the Holy Bible, thats how the anti-christ gets started. A one world currency. NO THANK YOU !!!

    March 26, 2009 06:12 pm at 6:12 pm |
  11. Robert, Houston, TX

    well that's a stupid waste of time. let the free market decide whether a global currency should be adopted. you shouldn't need a freaking constitutional amendment to prohibit it.

    March 26, 2009 06:12 pm at 6:12 pm |
  12. Shooky

    This is sloppy reporting. Geithner denounced the idea in a Financial Services Committee hearing, but what this story does not mention is a day later Geithner told the Council of Foreign Relations that he was open to the idea of a global currency. Bias by omission is still bias.

    March 26, 2009 06:13 pm at 6:13 pm |
  13. Franky

    Is it really that serious?? Is it?? Good lord, the politicians have really lost it...

    And my boy has to watch you guys??? Just imagine if Senator McCain and Gov Palin would have had that privilege...yeah, I know, how transparent it would have been...

    You can't hang, all you people talk and got no game, you should be ashame you are learning the hard way...

    March 26, 2009 06:14 pm at 6:14 pm |
  14. dumbocrat alert

    this change that the Messiah has brought upon us is getting downright SCARY.

    March 26, 2009 06:14 pm at 6:14 pm |
  15. gl, Pittsburgh

    Rep. Michele Bachmann has introduced a bill that would prohibit the president from signing on to a global currency, despite congressional testimony from Obama administration officials that they would reject any proposal to replace the dollar.
    -------------------------------–

    Isn't she the nut that wanted Congress to be investated to see who is the real American? I watched the whole interview and she lied and say she didn't say it. I hate a liar that lie right in you face. So I don't listen to a liar. Maybe she can Pray with Palin.

    March 26, 2009 06:15 pm at 6:15 pm |
  16. Jeff

    Yeah, go Michelle. Bachmann in 2012! We need more nuts in the White House.

    March 26, 2009 06:16 pm at 6:16 pm |
  17. Liz

    Michele Bachmann is a great congresswoman and leader for the Republican party. We need more women and more Republicans like her!

    March 26, 2009 06:17 pm at 6:17 pm |
  18. Venia PA

    Another great example of a rethuglican! Wow, they are literally the party of the insane, how sad. I guess all that hate, evil, divisiveness and negativity kind of works on ya.

    March 26, 2009 06:17 pm at 6:17 pm |
  19. Sarah

    Obviously, Bachman lacks the prerequisites to be in her position. Given her contant string of ridiculous remarks and actions, she needs to be on probation. Seriously! Dude is one flaky clown.

    March 26, 2009 06:17 pm at 6:17 pm |
  20. Lisa P

    This woman is nuttier than a fruit cake. Which I suppose qualifies her to be Palin's VP candidate according to the Republicans (those that are left, that is...).

    March 26, 2009 06:18 pm at 6:18 pm |
  21. jim/redondo beach

    ...this lady is a Stepford idiot...who's feeding her lines?...

    March 26, 2009 06:18 pm at 6:18 pm |
  22. Aaron

    She is a grandstanding moron.

    March 26, 2009 06:19 pm at 6:19 pm |
  23. patriot

    Can this woman explain why she has introduced this bill, other than to publicly express her contempt for other nations and her distrust of and hostility toward the current administration?

    March 26, 2009 06:20 pm at 6:20 pm |
  24. Steph

    Uh hum...Ms. Bachmann, I know you're crazy and everything, but there is no chance that the president will sign on the a global currency. Please move on to important issues like, what did you say...the shortage of rich people in the US? You tha man, Michelle (chest thump).

    March 26, 2009 06:22 pm at 6:22 pm |
  25. Had It

    Does Rove know she appointed herself "world decision-maker in charge"? Does Limbaugh know?

    She's a disgusting witch.

    March 26, 2009 06:22 pm at 6:22 pm |
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