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. vanessa

    Another Republican straw man...another reason to think Bachman is nuts.

    March 26, 2009 07:43 pm at 7:43 pm |
  2. Andrea

    This woman is an idiot. She should do us all a favor and move to Alaska. She can then become the Lt. Gov. with the other idiot.

    March 26, 2009 07:45 pm at 7:45 pm |
  3. Mike, TX

    Dear lord, this woman is such a waste of time...

    March 26, 2009 07:46 pm at 7:46 pm |
  4. zivo24

    Here we go..

    Bachmann who stuck her foot in her big hateful mouth during the presidential campaign and almost lost her seat because of it is back to trolling for divisive wedge issues to play partisan politics with instead of working to resolve the challenges that she helped create as one of the accolytes of our former president.

    To the citizens of the sixth congressional district of Minnesota...really? Is this the best you have to offer?

    March 26, 2009 07:50 pm at 7:50 pm |
  5. Fred

    This Republican grandstander is writing a law to prohibit something that no one in America has proposed and no one in America would accept.

    No one is burning flags so why no flag burning amendment? How about an anti-vampire law? Why don't we prohibit Martians from haunting houses? After all, there are no Martians and there is no such thing as a haunted house. What about a proposal to prevent bakers from selling concrete cupcakes.

    Give me a break.

    March 26, 2009 07:53 pm at 7:53 pm |
  6. Dwayne

    I'm a die hard Demy and I must say that I'm with Bachmann on this. No matter how you look at it Demy or Repub., if we don't start standing up for what's ours like privacy and true freedom...it's going to disappear right before your eyes. Next thing you know we'll all be standing around looking as if we don't know how we got into this mess.

    Note to self...because your letting Uncle Sam nickle and dime your rights away.

    GO BACKMANN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    March 26, 2009 07:55 pm at 7:55 pm |
  7. Cynthia - Arkansas

    This woman is nuts!!!!! Would all of these people just go somewhere and SHUT UP!

    March 26, 2009 07:56 pm at 7:56 pm |
  8. Save the Dollar

    Thank You!

    March 26, 2009 07:59 pm at 7:59 pm |
  9. jim

    first jess ventura....then nahm coleman....now her.....minnesota used to be known as a place where many intelligent and innovative people live.....but not so much now........

    March 26, 2009 08:01 pm at 8:01 pm |
  10. os

    Michelle Bachman is completely unhinged.

    March 26, 2009 08:02 pm at 8:02 pm |
  11. R in Maine

    Another purely symbolic issue for the people incapable of pragmatic thought.

    March 26, 2009 08:02 pm at 8:02 pm |
  12. Fitz in Texas

    I stand with you 100% Rep. Michele Bachmann. Thank God there is a voice of reason on this matter.

    This woman is a true American. We need many more like her in government!

    March 26, 2009 08:02 pm at 8:02 pm |
  13. ray ray

    We all see how well Obama keeps a promise! Hopefully Congress will act to insure America is not complicite in a world currency.

    March 26, 2009 08:04 pm at 8:04 pm |
  14. abdul S

    Another stunt from cultist and right winger talking point. so call media to investigate Anti-american congress. Part of NO that wants stay on the spot light. American made their minds about shrinking GOP party..

    March 26, 2009 08:05 pm at 8:05 pm |
  15. Dawn Pittsburgh

    She is an absolute idiot! Really, I would like to meet some of these people that voted for her!

    March 26, 2009 08:06 pm at 8:06 pm |
  16. Joe in NJ

    The only reason she is proposing this bill is because she is a Right Wing Christian nut who read somewhere in the Book of Revelations that the AntiChrist, when in power, proposes a single currency for the world to share.

    March 26, 2009 08:07 pm at 8:07 pm |
  17. Greg In Colorado

    She must be good friends with sarah palin... both fit the typical republican bs and look... i am so happy to see these people come out and expose the debunked repub party for what it is. This party needs to go and with them take the religious fundlementalists. ALSO, DON'T WE NEED TO TAKE CARE OF OUR COUNTRY. IS THIS WHAT WE NEED TO FOCUS ON???

    March 26, 2009 08:09 pm at 8:09 pm |
  18. Aaron from MN

    she is truly useless. I can see the campaign slogan already...."I saved the dollar"

    March 26, 2009 08:12 pm at 8:12 pm |
  19. Cromwell

    Somebody please remind rep. Bachmann that there already is legislation that prohibits the President from entering into treaties without the approval of two-thirds of the Senate.
    It's called the U.S. Constitution.

    March 26, 2009 08:14 pm at 8:14 pm |
  20. Erik in Real Pennsylvania

    Bachmann is a nut job.

    March 26, 2009 08:14 pm at 8:14 pm |
  21. broken Obama promises

    Obama and global currency...OBAMA SOCIALISM, turning this country into a SOCIALIST STATE, whats next, OUTLAW CHRISTIANITy

    March 26, 2009 08:15 pm at 8:15 pm |
  22. broken Obama promises

    Obama and global currency...OBAMA SOCIALISM,

    whats next, OUTLAW CHRISTIANITY

    March 26, 2009 08:16 pm at 8:16 pm |
  23. Lance

    #1. Why do we need a constitutional amendment?
    #2. OWG is coming and no one can stop it.

    March 26, 2009 08:17 pm at 8:17 pm |
  24. Alex

    why is congress always against things that make sense?

    March 26, 2009 08:18 pm at 8:18 pm |
  25. alvino

    Obama has already said,"no." to a global currency.

    March 26, 2009 08:19 pm at 8:19 pm |
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