Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
HuffPost's Sam Stein reported last week that Bachmann not only repeatedly sought stimulus funds from federal agencies, but deployed traditional Keynesian economic rationales to justify her requests, claiming that the funds would create jobs and strengthen the economy. Publicly, by contrast, Bachmann has insisted that the stimulus was an act of "overspending" and "fantasy economics" that hurt jobs.
When asked by Fox News' Chris Wallace about this discrepancy, Bachmann claimed there was no conflict.
"I voted against the stimulus and I was very public against the stimulus. After the stimulus was passed and the money was there, why should my constituents or anyone else be disadvantaged?" Bachmann said.
...When asked by Fox News' Chris Wallace about this discrepancy, Bachmann claimed there was no conflict.
"I voted against the stimulus and I was very public against the stimulus. After the stimulus was passed and the money was there, why should my constituents or anyone else be disadvantaged?" Bachmann said.
The woman is a fraud and hypocrite yet the blind acolytes will keep following her...
The chairman of the Federal Reserve, Ben Bernanke, has signalled that the US central bank will not take any immediate action to boost growth. In a keenly anticipated speech, Mr Bernanke simply said the Fed had a "range of tools that could be used to provide additional monetary stimulus". And their use would be considered at an extended meeting in September, he said. Mr Bernanke also hinted that the US government needed to do more to aid economic growth.
Earlier, revised data showed the US economy grew less than first estimated in the second quarter of 2011. The Commerce Department now says the economy expanded at an annualised rate of 1% between April and March, down from its first estimate of 1.3%. The figures were seen as raising pressure on the Federal Reserve to do more to boost the economy, for instance by introducing further quantitative easing - an injection of cash into the financial system.
Mr Bernanke said the central bank's next meeting in September had been extended from one day to two "to allow a fuller discussion" of its next move. "The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools as appropriate to promote a stronger economic recovery in a context of price stability," he said.
'Spiral out of control'
...When asked by Fox News' Chris Wallace about this discrepancy, Bachmann claimed there was no conflict.
"I voted against the stimulus and I was very public against the stimulus. After the stimulus was passed and the money was there, why should my constituents or anyone else be disadvantaged?" Bachmann said.
We must play the game within the confines of the rules in place at the time.
And thats all she was doing.
Also, if she gets in and manages to change those rules, I am confident she will conduct her business within the confines of the new ones once they are in place.
Bernanke also reiterated that the committee had recently lowered its expectations for economic growth in the coming quarters. t is clear that the recovery from the crisis has been much less robust than we had hoped, Bernanke said. From the latest comprehensive revisions to the national accounts as well as the most recent estimates of growth in the first half of this year, we have learned that the recession was even deeper and the recovery even weaker than we had thought; indeed, aggregate output in the United States still has not returned to the level that it attained before the crisis. Importantly, economic growth has for the most part been at rates insufficient to achieve sustained reductions in unemployment, which has recently been fluctuating a bit above 9 percent.
In the first quarter of this year, according to the federal governments Bureau of Economic Analysis, Gross Domestic Product grew at only 0.4 percent. In the second quarter it grew at only 1.0 percent. Bernanke reiterated the conclusion the Federal Open Market Committee announced after its August 9 meeting that it believed economic growth in the near future would not be as strong as it had previously expected.
As I mentioned earlier, the recent data have indicated that economic growth during the first half of this year was considerably slower than the Federal Open Market Committee had been expecting, and that temporary factors can account for only a portion of the economic weakness that we have observed, said Bernanke. Consequently, although we expect a moderate recovery to continue and indeed to strengthen over time, the Committee has marked down its outlook for the likely pace of growth over coming quarters.
After its Aug. 9 meeting, the Federal Open Market Committee issued a statement that it expected the economy to recover at a slower pace than it had previously anticipated and that the downside risks to the U.S. economy had increased. The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate, the FMOC said in its Aug. 9 statement. Moreover, downside risks to the economic outlook have increased."
Source
...When asked by Fox News' Chris Wallace about this discrepancy, Bachmann claimed there was no conflict.
"I voted against the stimulus and I was very public against the stimulus. After the stimulus was passed and the money was there, why should my constituents or anyone else be disadvantaged?" Bachmann said.
We must play the game within the confines of the rules in place at the time.
And thats all she was doing.
Also, if she gets in and manages to change those rules, I am confident she will conduct her business within the confines of the new ones once they are in place.
...When asked by Fox News' Chris Wallace about this discrepancy, Bachmann claimed there was no conflict.
"I voted against the stimulus and I was very public against the stimulus. After the stimulus was passed and the money was there, why should my constituents or anyone else be disadvantaged?" Bachmann said.
We must play the game within the confines of the rules in place at the time.
And thats all she was doing.
Also, if she gets in and manages to change those rules, I am confident she will conduct her business within the confines of the new ones once they are in place.
Why should her constituents be disadvantaged? That was her response?
That's an endorsement of the stimulus. That's an admission that the stimulus helped. That the stimulus worked.
