You just can't make this stuff up. That's right, Bachmann thinks we've had too much government intervention in the financial markets and that's why their house of cards is collapsing. Even more amazing is her solution: suspend the capital gains tax, slash corporate income taxes and drill in a wildlife refuge.
And this is the member of congress to whom all the media rush to get sage advice on energy and the economy?
http://minnesota.publicradio.org/display/web/2008/09/23/bachmann_economy/"We're looking at the American public, the American taxpayer, bailing out private businesses. That is not the way we do business in the United States of America." said Bachmann. "We need to engage the free market and capitalism. This financial failure was not the fault of free markets or of capitalism. Rather, it was the fault of too much government intervention."
Bachmann wants to see other changes that she says would help stabilize the sputtering ecomony. Her list includes cutting the corporate tax rate and suspending the capital gains tax.
Bachmann is also now trying to link the bailout with her other high-profile policy push for expanded oil drilling.