8.5 percent, it could go that high. So that is what the $1 trillion was supposed to do. The $1 trillion was allocated. We saw unemployment soar above 8 percent, soar above 8.5, and now Americans are sitting at about a permanent level of near 10 percent. The White House came out and said, Get used to it. This is our new normal. We are looking at these elevated levels of high unemployment. Well, America isn't used to this, Mr. Speaker. American people don't want to be used to these elevated levels of unemployment. They actually like to work, and they actually like high prosperity. Also, when President Obama was a Senator, he wanted to devote our entire U.S. budget--he wanted to devote 1 percent or 1.5 percent of our U.S. budget to redistribute wealth to the rest of the world. Knowing that our country was already trillions of dollars in debt, his goal was to have us, every year, devote at least 1 percent of the U.S. budget to redistribute the wealth. We should have known where President Obama was going with this.
Michele Bachmann: “8.5 percent, it could go that high. So that is what the $1 trillion was supposed to do. The $1 trillion was allocated.…”
Editor's note · Context
Bachmann discusses unemployment rates and critiques President Obama's economic policies.
Share
More from Michele Bachmann
I thank Mr. Goodlatte and Mrs. Blackburn who is responsible for this wonderful bill this evening, which I wholeheartedly support. This is why: last weekend, I think the Nation was stunned when our President said that he would unilaterally…
Well, remember that the tax to express your religious beliefs is $36,500 per employee. The tax is $2,000 per employee if you decide you are not going to purchase health insurance, so it is extremely expensive. I think the gentleman is…
Tragically, the Federal Reserve's policies have facilitated deficit spending, encouraged the accumulation of $17.6 trillion in national debt, caused market volatility, failed to reinvigorate the sluggish American economy, and will cause…





