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. Mitch

    Notice how the most outrageous and moronic legislation comes from some of the most outrageous and moronic congressmen?

    March 26, 2009 06:22 pm at 6:22 pm |
  2. Pete Collins

    Republicans are only willing to create imaginary problems to distract us from the real disasters they have helped Bush create. President Obama is working to solve REAL crises, so those other people should go someplace and be quiet.

    March 26, 2009 06:23 pm at 6:23 pm |
  3. Delano

    I am sure the wonderful people of Minnesota would love to hear how their Rep is wasting her time and their tax dollars coming up with legislation that would completely pointless beucase both Sec Geithner and President Obama would never along with a global currency policy. This woman is insane. Maybe she should spend her time worrying more important things.

    March 26, 2009 06:23 pm at 6:23 pm |
  4. Nate Hussein

    What's wrong with this lady? Maybe Barack needs to legalize weed to help her relax!

    March 26, 2009 06:24 pm at 6:24 pm |
  5. Chris

    Bachman is an irritant, like that fly buzzing around one's soup bowl.

    March 26, 2009 06:25 pm at 6:25 pm |
  6. D

    Finally something Rep. Bachmann has said that make sense! As a Minnesota Republican, I rarely agree with Bachmann.... but this is something that I can sign on to.

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

    That's right, pretend that there's a danger of them doing it no matter what they say so that your idiot "base" will think they might do it and that there's a big to-do controversy to holler about.

    March 26, 2009 06:26 pm at 6:26 pm |
  8. VGal

    She's a serious loony – who voted this woman back into office?

    March 26, 2009 06:27 pm at 6:27 pm |
  9. PAPPY

    This person belong in a mental institution she has proved it time and time again

    March 26, 2009 06:28 pm at 6:28 pm |
  10. Objective Thinking

    How can CNN claim that Russia and China's decisions won't impact US currency decisions? Especially in the case of China, the biggest investor in American debt. CNN went out of their way to make fun of a Republican and is overstepping the bounds of their own knowledge and research.

    March 26, 2009 06:28 pm at 6:28 pm |
  11. Matt

    She's a nutjob. I can't believe she got voted back in. What a joke.

    March 26, 2009 06:28 pm at 6:28 pm |
  12. montag

    Why in God's name did the good people of Minnesota elect this woman? She is genuinely certifiable.

    March 26, 2009 06:28 pm at 6:28 pm |
  13. PAPPY

    This person belongs in a mental institution she has proved it time and time again

    March 26, 2009 06:28 pm at 6:28 pm |
  14. B.H.

    How in the world do people like this ever get to Congress. Perhaps she is an example of why we are in this situation.

    March 26, 2009 06:29 pm at 6:29 pm |
  15. arithmetic is liberal

    This lady has so many screws loose, I'm shocked her head doesn't blow apart every time she sneezes...

    What's next?
    Legislation to prove the moon landings were faked?
    A bill against the Trilateral Commission?
    HB666 denouncing Satan taking over the country?
    Regulations for UN black helicopters?

    How about size regulations in tin foil hats?

    March 26, 2009 06:29 pm at 6:29 pm |
  16. Mark, B'ham., Al.

    We need to go back to the Gold Standard and stop printing money for the government to do social engineering with and cause super inflation until our money is worthless like Zimbabwa and have to carry a wheel barrel full to buy a loaf of bread.

    March 26, 2009 06:30 pm at 6:30 pm |
  17. rumpusgoopus

    As a Minnesotan, I will never stopped being ashamed of this woman.

    March 26, 2009 06:32 pm at 6:32 pm |
  18. BobH

    I am very sensitive to the feelings of mentally ill and developmentally challenged individuals. But I really wish they would call a brief moratorium on the prohibition of the word "retarded," so that we'd have an accurate term to describe Rep. Bachmann.

    March 26, 2009 06:38 pm at 6:38 pm |
  19. Peter (CA)

    No wonder she almost lost.
    Bachman is a true whack job. She is the one who thought members of Congress should be investigated for "unpatriotic behavior".
    I can draw up a list for you Congresswoman. Don't be surprised to find yourself on it.

    March 26, 2009 06:38 pm at 6:38 pm |
  20. Steve

    So why was this attention-hungry cretin re-elected again?

    March 26, 2009 06:38 pm at 6:38 pm |
  21. Paul

    This Michelle Bachman?

    'I want people in Minnesota armed and dangerous on this issue of the energy tax because we need to fight back. Thomas Jefferson told us, “Having a revolution every now and then is a good thing,” and the people – we the people – are going to have to fight back hard if we’re not going to lose our country.'

    Inciting violence against the government because you disagree with their policies is, in the 21st century, the sign of a nut.

    March 26, 2009 06:38 pm at 6:38 pm |
  22. VGal

    Bauchman, Palin, Limbaugh, Coulter, Ingraham, Thompson and (unfortunately, because I used to really like him...) Jindal. Those are the leaders of the Republican party. Wow – now it takes some hard work to find that many nut cases leading one group.

    March 26, 2009 06:38 pm at 6:38 pm |
  23. The Broker.

    Fargo! Nobody care's. When will you listen. Save the USA! Why...

    March 26, 2009 06:38 pm at 6:38 pm |
  24. Eat the Press

    Whack job. Loony Toons. Moron. Intolerant Xenophobe. Homophobe Evangelical nut case

    March 26, 2009 06:38 pm at 6:38 pm |
  25. Notnek

    Bachmann is dumber than dirt. As a former resident of Minnesota this person is so far from the extreme right she is a bigger joke than Palin. We all got to see her sucking on George's face in public. All she is doing is pandering to the extreme Right in her district.

    March 26, 2009 06:40 pm at 6:40 pm |
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