Minnesota Rep. Michele Bachmann's presidential campaign has sagged badly since she won the Iowa Straw Poll in August, hurt by her own mistakes and eclipsed by the ascent of others. But with a strong performance in Tuesday’s debate, she has righted herself, although her candidacy still represents a long shot, Politico reports.
In the debate, Bachmann went after the Dodd-Frank financial reform law and attributed the economy’s moribund state to poor federal policy.
“I think if you look at the problem with the economic meltdown, you can trace it right back to the federal government, because it was the federal government that demanded that banks and mortgage companies lower platinum-level lending standards to new lows,” she said.
Bachmann touted her opposition to the August debt increase and the bank and auto bailouts of the financial crisis.
“Last summer, I was a leading voice in the wilderness of Washington and a lone voice, as a matter of fact, saying: ‘Do not increase the debt ceiling,’” she said. “By that, what I was saying is, ‘Let’s not give Barack Obama another $2.4 trillion blank check to spend.’”
Bachmann also attacked fellow candidate Herman Cain’s 9-9-9 tax plan. “I would say that from my experience being in Congress, but also as a federal tax lawyer, the last thing you would do is give Congress another pipeline of a revenue stream.”
Bachmann’s comments were aimed at conservatives in Iowa, where she’ll have to perform well to truly revive her campaign.
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