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House Proceeding 03-19-10 on Mar 19th, 2010 :: 3:27:45 to 3:42:10
Total video length: 4 hours 13 minutes Stream Tools: Stream Overview | Edit Time

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Michelle Marie Bachmann

3:27:41 to 3:28:01( Edit History Discussion )

Michelle Marie Bachmann: bachmann. . mrs. bachmann: i thank the gentleman from iowa who has done a wonderful job explaining the context of the health care debate. we have a neighbor from the south joining us as well, representative gohmert from texas and he has a lot to add.

Michelle Marie Bachmann

3:27:45 to 3:42:10( Edit History Discussion )
Speech By: Michelle Marie Bachmann

Michelle Marie Bachmann

3:28:02 to 3:28:23( Edit History Discussion )

Michelle Marie Bachmann: i wanted to focus on what the president has demonstrated thus far that his understanding of economic -- when he was in the united states senate, he was an advocate for the $700 bilion of the banks and financial meltdown through the early 190's, there

Michelle Marie Bachmann

3:28:24 to 3:28:44( Edit History Discussion )

Michelle Marie Bachmann: were continual bailouts that occurred. this was nothg new. this is one more bailout. it didn't work before. what they did was they laid the groundwork for the same players, the same investment banking houses on wall street tat made very bad bets because the chump

Michelle Marie Bachmann

3:28:45 to 3:29:06( Edit History Discussion )

Michelle Marie Bachmann: was uncle sam. he would pick up the pieces if they made bad decisions. they rolled the dice and when the deals went south, they came crawling back to uncle sam and said sure, i'll bail you out. that history was available for

Michelle Marie Bachmann

3:29:07 to 3:29:29( Edit History Discussion )

Michelle Marie Bachmann: everyone to se. then senator barack obama should have known about those deals. he served as a lawyer for project vote, being an affiliate for acorn and acorn was the organization pushing to put all of the relaxed lending standards that led to al of the toxic mortgages with the subprime

Michelle Marie Bachmann

3:29:30 to 3:29:51( Edit History Discussion )

Michelle Marie Bachmann: loans that led to the rtgage-backed securities that were bad, that were starting to fail, and he was also a part of that effort suing, suing and threatening to sue so that banks and financial companies would relax their standards and make loans to people with no income, no assets, no jobs.

Michelle Marie Bachmann

3:29:52 to 3:30:14( Edit History Discussion )

Michelle Marie Bachmann: the president had that in his background. after that, he decided when he became president that to deal with the financial crisis, rather than tightening those lending standards, he wanted to spend $1 trillion and he came here and he all of us in t united states congress, we had to spend $1 trillion because if

Michelle Marie Bachmann

3:30:15 to 3:30:36( Edit History Discussion )

Michelle Marie Bachmann: we didn't, unemployment could go as high as 9% or 8%. i think he said it could go as high as 8%? mr. king: 8.5%. mrs. bachmann: that's what the $1 trillion was supposed to do. the money was alocated and see

Michelle Marie Bachmann

3:30:37 to 3:30:58( Edit History Discussion )

Michelle Marie Bachmann: the unemployment sore about 8% and 8.5%. and now americans, we are sitting at a nerm permanent level at 10%. the white house said get used to it. we are looking at these elevated levels of unemployment. america isn't used tothat.

Michelle Marie Bachmann

3:30:59 to 3:31:21( Edit History Discussion )

Michelle Marie Bachmann: american people don't want to be at these elevated levels of unemployment. they like to work and like high prosperity. when president oba was a senator, he wanted to devote our entire u.s. budget -- he wanted to devote 1% or 1.5% of our u.s. budget to redistribute wealth to

Michelle Marie Bachmann

3:31:22 to 3:31:42( Edit History Discussion )

Michelle Marie Bachmann: the rest of the world knowing that our country was already trial i don't know, sir of dollars in debt. his goal was to have us every year devote at least 1% of the u.s. budget to redistribute the wealth. we should have known where president obama was going with this.

Michelle Marie Bachmann

3:31:43 to 3:32:04( Edit History Discussion )

Michelle Marie Bachmann: next, the president offered cap and tax or cap and trade, government takeover of the energy industry. in other words, the government would take control of 8% of the private economy. after that, he was proposing amnesty for ilegal aliens saying that's something he wanted to do, but the people were pushing back.

Michelle Marie Bachmann

3:32:05 to 3:32:25( Edit History Discussion )

Michelle Marie Bachmann: so what did we see happen? we saw 30% of the private economy taken over by the federal government. in fact, senator obama wasn't even sworn in as president of the united states and he was already pushing president bush, you have to give me $17 bilion,

Michelle Marie Bachmann

3:32:26 to 3:32:46( Edit History Discussion )

Michelle Marie Bachmann: $19 billion for autos because gm and chrysler, they might go bankrupt. if we don't get that, we will prop these businesses up and they will go bankrupt. president bush, he was going out the door, president obama was going in, so he gave that money to president obama to create the tomobile tax cuts.

Michelle Marie Bachmann

3:32:47 to 3:33:07( Edit History Discussion )

Michelle Marie Bachmann: what did we get out of that deal? chrysler is bankrupt. we saw the bond holders shafted losing their equity interests. u.a.w. and scoop up a big share so they got their retirement plans and health insurance plans, not fully, but funded at

Michelle Marie Bachmann

3:33:08 to 3:33:28( Edit History Discussion )

Michelle Marie Bachmann: the expense of the bond holders and the united states government now is a shareholder and same with gm. it's government motors. and we know what else they did. they put 150,000 people out of work, with what? pink slips to 3,400 mostly viable dealerships in the

Michelle Marie Bachmann

3:33:29 to 3:33:49( Edit History Discussion )

Michelle Marie Bachmann: nation. this is the level of economics we were treated to in the very first month of the obama administration. after all of that groundwork was laid. a.i.g., the largest insurance company, fanie mae and freddie

Michelle Marie Bachmann

3:33:50 to 3:34:12( Edit History Discussion )

Michelle Marie Bachmann: mac and the federal government owns 50% of al of america's mortgages, that, the student loan industry, chrysler, gm, 30%. what did president obama propose? not to lower costs in health care, as my colleague, steve king, had suggested. no. his suggestion was let's have

Michelle Marie Bachmann

3:34:13 to 3:34:33( Edit History Discussion )

Michelle Marie Bachmann: the federal government take over 18% more of the private economy and put it under government's control. that's the solution. so here we are on a friday night, america has spoken. three out of four americans have said, weighed in and said we don't want any part of the

Michelle Marie Bachmann

3:34:34 to 3:34:54( Edit History Discussion )

Michelle Marie Bachmann: federal government taking over our private health care system. we don't want it. the doctors have said that. "investors business daily". "new england journal of medicine," 35% of doctors surveyed said we will leave the

Michelle Marie Bachmann

3:34:55 to 3:35:15( Edit History Discussion )

Michelle Marie Bachmann: medical profession. no. no. no. what does speaker pelosi want to do or president obama want to do? ram this bill through, pass it, without even the courtesy members of this body voting for the bill. my name, michelle bachmann wil not be listed in the journal

Michelle Marie Bachmann

3:35:16 to 3:35:37( Edit History Discussion )

Michelle Marie Bachmann: with a yorne. why? because speaker pelosi presume my vote. when she presumes my vote, mr. speaker, she has stripped the people of my district from their voice, because the people of my district made a choice, sent me here to vote on their behalf.

Michelle Marie Bachmann

3:35:38 to 3:35:58( Edit History Discussion )

Michelle Marie Bachmann: mr. speaker, i will tell you with complete confidence, the overwhelming number of people in minnesota's 5th congressional district want nothing to do with this government takeover of health care. they want nothing to do with it. because the more they have heard, the more fearful they have become.

Michelle Marie Bachmann

3:35:59 to 3:36:21( Edit History Discussion )

Michelle Marie Bachmann: so let's call it for what it is, mr. speaker. this is pretty clear. this administration and this congress wants to have the federal government take over private industry because if they win on sunday, the american people lose. if they win,

Michelle Marie Bachmann

3:36:22 to 3:36:43( Edit History Discussion )

Michelle Marie Bachmann: taken over efectively one half of the american economy from september of 208 until mach 20 of 2010. we're talking less than two years, something like 18 months' time. this is stunning.

Michelle Marie Bachmann

3:36:44 to 3:37:04( Edit History Discussion )

Michelle Marie Bachmann: this is a coup, an economic coup of our free market system. half of it being taken over. mr. speaker, someone came in, it almost feems like the midle of the night and stolen away

Michelle Marie Bachmann

3:37:05 to 3:37:25( Edit History Discussion )

Michelle Marie Bachmann: america's future and america's promise. there is no exit strategy out of this. and we learned the i.r.s. will be the enforcement agency for this new health care system. it will be up to the i.r.s. to verifon a monthly basis that 300 million americans have

Michelle Marie Bachmann

3:37:26 to 3:37:47( Edit History Discussion )

Michelle Marie Bachmann: purchased insurance that is acceptable not for the americans, but acceptable to government, because every american, mr. speaker, all 300 million americans are forced to purchase a product or a service that they may not want, but government wants them to have it. so they are forced to buy it.

Michelle Marie Bachmann

3:37:48 to 3:38:13( Edit History Discussion )

Michelle Marie Bachmann: so who's the enforcer? well, it's the i.r.s., doesn't that make everyone feel great. 16,000 500 new i.r.s. employees are about to be employed at a cost of $10 billion because they have to breathe down the neck of every american every month to make sure they have complied

Michelle Marie Bachmann

3:38:14 to 3:38:34( Edit History Discussion )

Michelle Marie Bachmann: with government-approved health insurance. and in order to do that, they have to pry into private business and go into the bookiness and go into the books of every private business every month, find out how many employees that business has, what the wages what that business is paying. all that information with the i.r.s. that is confidential taxpayer information.

Michelle Marie Bachmann

3:38:35 to 3:38:55( Edit History Discussion )

Michelle Marie Bachmann: and now, they'll be sharing that with the department of health and human services. and if the i.r.s. discovers that an american fails to purchase vernment-approved insurance, that american is subject to a

Michelle Marie Bachmann

3:38:56 to 3:39:17( Edit History Discussion )

Michelle Marie Bachmann: fine of 2,250 or a greater% of their income. the businesses will be subject to fines, penalties and interest. i don't rember, mr. speaker, and the president's team and the cabinet, all of the people that had tax problems, who weren't paying taxes, who repaid their taxes, i don't recall too many of them paying taxes, penalties and interest.

Michelle Marie Bachmann

3:39:18 to 3:39:39( Edit History Discussion )

Michelle Marie Bachmann: they paid their tax liability. that's not good enough. they don't get that swetheart deal, mr. speaker. no. no. no. the american private industry, they are paying the interest and the penalties a the taxes because the i.r.s., mr. speaker,

Michelle Marie Bachmann

3:39:40 to 3:40:01( Edit History Discussion )

Michelle Marie Bachmann: in this scenario has now become the collection agency through the insurance company. president obama has been sayng the republicans are sold out to the insurance companies. well, mr. speaker, now we know the truth, behind those closed doors, president obama struck a deal with these insurance companies so that every american

Michelle Marie Bachmann

3:40:02 to 3:40:24( Edit History Discussion )

Michelle Marie Bachmann: is mandated to buy their product and now the i.r.s. is the collection agency and wil be the enforcer and will send about half a trilion dllars to the insurance company. mr. king: would the gentlelady read from the poster. mrs. bachmann: poster says, why

Michelle Marie Bachmann

3:40:25 to 3:40:46( Edit History Discussion )

Michelle Marie Bachmann: does the democrat bil subsidize health insurance companies? here's the strong arm of the i.r.s. shaking money out of the average american taxpayer and sending that money straight into the insurance companies, which, by the way, we know wil be collapsing, because ultimately that was the puose.

Michelle Marie Bachmann

3:40:47 to 3:41:07( Edit History Discussion )

Michelle Marie Bachmann: one of our coleagues in this body even said that he said this is a temporary step, because what they want is government to own t all. let's realize, mr. speaker, who are the hogs in this situation, who are the pigs here? who wants to soak up the

Michelle Marie Bachmann

3:41:08 to 3:41:28( Edit History Discussion )

Michelle Marie Bachmann: people's money? it's the same culprit, mr. speaker. it's those who embrace big government. the big winner in the stimulus, the big wner in the tarp. the big winner in every bailout we ever had and the big winner in this health care bill is big government.

Michelle Marie Bachmann

3:41:29 to 3:41:49( Edit History Discussion )

Michelle Marie Bachmann: and my colleagues shows, the loser in all of this is the forgotten man of the american taxpayer, the american worker, the american boy and girl who may not grow up to realize their american dreaof a beter life than their parents, the bigest

Michelle Marie Bachmann

3:41:50 to 3:42:11( Edit History Discussion )

Michelle Marie Bachmann: loser again is the forgotten man of the senior citizen, who will have to potentially go without of their medicare funding. not if we have anything to say anything about it. not if we have another breath in our body. so we're here, we're here, all

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