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January 26, 2011 / J. Shaw

Michele Bachmann Response to Obama State Union Speech

 
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Bachmann responds to State of the Union

Rep. Michele Bachmann, R-Minnesota, responded to President Obama’s State of the Union speech on Tuesday night from the National Press Club. Here is a transcript of Bachmann’s speech.

Bachmann: Good evening. My name is Congresswoman Michele Bachmann from Minnesota’s 6th District.

I want to thank the Tea Party Express and Tea Party HD for inviting me to speak this evening. I’m here at their request and not to compete with the official Republican remarks.

The Tea Party is a dynamic force for good in our national conversation, and it’s an honor for me to speak with you.

Two years ago, when Barack Obama became our president, unemployment was 7.8%, and our national debt stood at what seemed like a staggering $10.6 trillion. We wondered whether the president would cut spending, reduce the deficit and implement real job-creating policies.

Unfortunately, the president’s strategy for recovery was to spend a trillion dollars on a failed stimulus program, fueled by borrowed money. The White House promised us that all the spending would keep unemployment under 8%. Not only did that plan fail to deliver, but within three months, the national jobless rate spiked to 9.4%. It hasn’t been lower for 20 straight months. While the government grew, we lost more than 2 million jobs.

Let me show you a chart. Here are unemployment rates over the past 10 years. In October of 2001, our national unemployment rate was at 5.3%. In 2008, it was at 6.6%. But just eight months after President Obama promised lower unemployment, that rate spiked to a staggering 10.1%. Today, unemployment is at 9.4% with about 400,000 new claims every week.

After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money that we don’t have. But instead of cutting, we saw an unprecedented explosion of government spending and debt. It was unlike anything we’ve ever seen before in the history of the country.

Well, deficits were unacceptably high under President Bush, but they exploded under President Obama’s direction, growing the national debt by an astounding $3.1 trillion.

MORE…..www.cnn.com/

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