Bachmann: ‘Obama and Occupy Wall Street need to stop blaming job creators’
In the past few days, presidential contender Michele Bachmann has pushed back against the idea that the rich are to blame for the country’s unhealthy economy.
“President Obama joined with the Occupy Wall Street protestors who believe that the problem we face is capitalism, the free markets and job creators,” Bachmann said in a statement Friday. “It’s not.”
Instead, Bachmann says the problem is “crony capitalism,” which she defined in a speech at Iowa State University earlier this week as “forcefully taking your money for the purpose of paying off a politician’s political friends.”
“The problem is one set of standards for individual Americans and another set of standards for those who make political donations to candidates,” she said. “If we are ever to get out of this ditch, President Obama, the Democrats and Occupy Wall Street need to wake up and stop blaming job creators for the failures created by selfish politicians.”
While Bachmann briefly touches on the issue of campaign finance reform, saying that American and “Occupy Wall Street in particular, needs to wake up and stop blaming job creators for the failures created by selfish politicians who wink at their political donors,” she eventually settles blame for the faltering economy on the corporate tax rate and regulatory burdens.
The tax code “contains loopholes that are exploited by companies large enough to hire an army of lawyers,” she said in Iowa. “The United States remains stuck since 1986 in an out of date high corporate tax rate that sent companies fleeing America for a more competitive tax climate.”
Bachmann’s campaign didn’t immediately respond to the Minnesota Independent’s request for comment on Bachmann’s stance on the Citizens United Supreme Court decision or campaign finance reform (this post will be updated if we do hear back).