As prepared for delivery:
Good evening, my name is Congresswoman Michele Bachmann from Minnesota’s 6th District.
Two years ago, when Barack Obama became our President, unemployment was 7.8 percent and our national debt stood at what seemed like a staggering $10.6 trillion dollars.
We wondered whether the President would cut spending, reduce the deficit and implement real job-creating policies.
Unfortunately, the President’s strategy for recovery was to spend a trillion dollars on a failed stimulus program, fueled by borrowed money.
The White House promised us that all the spending would keep unemployment under 8 percent.
Not only did that plan fail to deliver, but within three months the national jobless rate spiked to 9.4 percent. And sadly, it hasn’t been lower for 20 straight months. While the government grew, we lost more than 2 million jobs.
Let me show you a chart. [CHART]
Here are unemployment rates over the past ten years. In October 2001, our national unemployment rate was at 5.3 percent. In 2008 it was at 6.6 percent. But, just eight months after President Obama promised lower unemployment, that rate spiked to a staggering 10.1 percent.
Today, unemployment is at 9.4 percent with about 400,000 new claims every week.
After the $700 billion bailout, the trillion-dollar stimulus, and the $410 billion spending bill with over 9,000 earmarks, many of you implored Washington to please stop spending money we don’t have.
But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.
Deficits were unacceptably high under President Bush, but they exploded under President Obama’s direction, growing the national debt by an astounding $3.1 trillion-dollars.
What did we buy?
Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy, and which will put 16,500 IRS agents in charge of policing President Obama’s healthcare bill.
ObamaCare mandates and penalties will force many job creators to stop offering health insurance altogether, unless yours is one of the more-than-222 privileged companies or unions that has received a government waiver.
In the end, unless we fully repeal ObamaCare, a nation that currently enjoys the world’s best healthcare may be forced to rely on government-run coverage that will have a devastating impact on our national debt for generations to come.
For two years President Obama made promises just like the ones we heard him make tonight. Yet still we have high unemployment, devalued housing prices and the cost of gasoline is skyrocketing.
Here are a few suggestions for fixing our economy:
The President could stop the EPA from imposing a job-destroying cap-and-trade system.
The President could support a Balanced Budget Amendment.
The President could agree to an energy policy that increases American energy production and reduces our dependence on foreign oil.
The President could also turn back some of the 132 regulations put in place in the last two years, many of which will cost our economy $100 million or more.
And, the President should repeal ObamaCare and support free market solutions like medical malpractice reform and allow all Americans to buy any healthcare policy they like anywhere in the United States.
We need to start making things again in this country, and we can do that by reducing the tax and regulatory burdens on job creators.
America will have the highest corporate tax rate in the world. Look no further to see why jobs are moving overseas.
But, thanks to you, there’s reason to hope that real spending cuts are coming. Last November you went to the polls and voted out big-spending politicians and you put in their place men and women with a commitment to follow the Constitution and cut the size of government.
I believe that we are in the early days of a history-making turn.
Please know how important your calls, visits, and letters are to the maintenance of our liberties. Because of you, Congress responded and we are starting to undo the damage that’s been done.
We believe in lower taxes, a limited view of government and the exceptionalism of America. And I believe America is the indispensible nation.
Just the creation of this nation was a miracle. Who’s to say that we can’t see a miracle again?
The perilous battle that was fought in the pacific, at Iwo Jima, was a battle against all odds, and yet the image of the young G.I.s in the incursion against the Japanese immortalizes their victory. These six young men raising the flag came to symbolize all of America coming together to beat back a totalitarian aggressor.
Our current debt crisis we face today is different, but we still need all of us to pull together. We can do this.
And that’s the hope we hold tonight as Americans. We will push forward to reclaim the greatness of our country and to proclaim the liberty upon which we were founded.
And we will do so because we the people will never give up on this great nation.
God bless you, and God bless America.
Possibly the most perfect speech ever written since the Gettysburg Address. Stunningly beautiful and to the point.
No wonder none of the networks ran it. For once: THANK YOU CNN!!!
"I believe that we are in the early days of a history-making turn."
When the people find out what the interest rate is on the borrowed money from China, when they realize we can't pay it without becoming a third world country, when they realize their children will suffer because of it...
Yeah... we'll definitely be in "the days of a history making turn" alright. Riots, cultural "cleansing"... yeah, we'll be making a history making turn.
Stand by ... this is coming in about 8 months.
Call them Lib's Call them Ignorant! The Calvary is on it's way! We the People have had our share! Take your speach and stick it!
Let give NASA a mission to send a satelite probe to what ever planet Bachmann is on. It's certainly not earth.
I wish I had a representative like her, here in Marin county.
Maybe not today but soon.
Have a nice day...
Why would you folks even entertain this non-sense?
I hope Michele Bachmann is our first female president.
Didn't we hear about a drinking game where every time a Republican lied, you take a shot. I'm getting a little drunk and need the designated driver. I notice Ms Bachmann's unemployment rates are from the beginning of 08, not at the end or just before the election when Congress was told that without TARP the world economy would collapse any day and 700,000 thousand Americans were losing jobs every month.
We've know for generations that figures don't lie but lairs do figure. I'm not accusing Ms Bachmann of being a lair but I don't want to pass and let her have her own facts.
Wow do we need MB now. I hope she runs so that I can vote for her.
She's right. What he pushed last night, high speed rail-highways-and electric cars? Just tell me where the average single mom out there supporting her kids is going to benefit from a job here? You don't see many women building roads and bridges or laying down railroad tracks. He will ignore this problem. He don't care!
Go Michele Bachmann. I think you hit the nail on the head. If I were the one making policy I would cut all departments by 20% and let them figure out what worthless programs to cut. The village idiot, Jimmy obama, wants to keep on spending.
-AND STILL not a single mention of our ultra-rich, tax-free, globalist eugenics and RED China enabling
captsone 'charitable' foundations and NGO's that have their fingerprints all over not only our current
problems -but the major conflicts and upheavals of the past centyrty...
Don;t blame Obama for this mess. Reganomics, 2 wars and tax cuts are the blame.
Michele Bachmann is refreshingly straight-to-the-point. Tells it like it is. When Obama and the Democrats use the term "invest" they actually mean MORE GOVERNMNENT SPENDING to increase the size of government bureaucracies. When Democrats talk about reducing America's dependence on foreign oil, they do not mean to do so by increasing drilling in America's own oilfields. They see this as another crisis that should not go to waste; one that gives them a chance to sneak in Cap & Tax investment-killing energy regulations. I'm glad Bachmann and the Tea Party are on-site calling Obama out. We have learned, painfully, not to listen and accept Obama's sugar-coated words. Instead, we look to see what he and his party are actually DOING. By their fruits, we know them!
If everything the Hon. Ms Bachman and the tea party movement comes through, it will be a goode start only. 2012 has to be a year to vote in a consertive senate, someone who thinks like Sarah or Michelle to the white house and who has the sharpest finiancial since Forbes, like Ryan to run the economics. Every single Obombass program has to be overturned the first week, along with all the p[hony and usless regulations he implimented, the military has too berebuilt, all Czars fired, and perhaps a recovery can start taking hold.
If only it would happen. The problem is a Capital full of thieves. They just cannot stop themselves from stealing and stealing the peoples’ money. Obama wants more and more theft so he can pay his friends at ACORN and Planned Parenthood, the baby killers. The Dems want to steal more. And the new Republicans are just now learning how to steal again..
More lies from the GOBP's screaming weasel. America, unfortunately, is not even close to having the world's best healthcare. It's a shame the nutjobs and rightwing cultists are unable or unwilling to acknowledge the obvious.
she is just a stupid lady as sarah palin...a failure...totally...
God bless Michele Bachmann. Please keep fighting to save our country, millions of us are counting on you!
Excellent content. Direct and to the point. Persuasive and concise. Best, clearest, most effective argument on what is wrong in Washington, what to do about it, and how to restore freedom and the virtues of courage and personal integrity in America. Thank you, Congresswan Bachmann.
I think you need to listen to the speech again. You say the same thing he did. The Tea Party Is nothing but a Busch of Bull. It all about two rich brother trying too control want get pass ,and want don't. Michele Bachmann every time I heard you talk , I heard you lie. You would never get my vote ,or any people back by the Tea Party.
Lets get our Country back on limited govt and rain in the unions and money!
You go, Michele! Great response!
Lots of complaints and few solutions. Oh wait... Tea Party... never mind.
Obama will never accept nor understand such a philosophy of government, as Congresswoman Bachmann articulated in this address. Obama intends to destroy our economy and end our sovereignty. His speech writers hijack the rhetoric of a true American and place it in the hands of a cold, calculating anti-American. Americans must remain on the watch. We must oust this danger of a man from the office in November or 2012.