Bachmann Bill Would Ban Global Currency

Just yesterday I posted about a Congressional hearing in which Rep. Michelle Bachmann asked Secretary of the Treasury Tim Geithner to cite the Constitutional basis for all the new powers that the Obama Administration wants in order to go in and take over private businesses. Although the main crux of that post was the fact that Geithener was completely unable to answer that question, a new detail has emerged from that exchange.

During the hearing, Rep. Bachmann asked Geithner directly if he would "denounce efforts to move towards a global currency." Geithner answered plainly and unambiguously "Yes."

But the next day, Geithner did a complete turn-around and told the Council on Foreign Relations that the Obama Administration was "quite open" to the idea.

From The Politico:

"We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said. "The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he’s thinking about deserves some consideration."

As a result of Geithner's flip-flop, Rep. Bachmann has proposed legislation that would ban global currency and keep the U.S. dollar in the forefront of our economy.

According to The Hill:

Rep. Michele Bachmann (R-MN) has introduced legislation that would "bar the dollar from being replace by any foreign currency." A statement from Bachmann's website: “Yesterday, during a Financial Services Committee hearing, I asked Secretary Geithner if he would denounce efforts to move towards a global currency and he answered unequivocally that he would," said Bachmann. "And President Obama gave the nation the same assurances. But just a day later, Secretary Geithner has left the option on the table. I want to know which it is. The American people deserve to know." On Monday, Geithner and Bernanke both rejected the idea of a global currency in Congressional testimony. But in remarks to the Council on Foreign Relations yesterday, Geithner indicated he was open to the idea.

I guess Geithner was against it before he was for it. But, I should have expected no less from an Obama Administration official who didn't even bother to pay his taxes.

We need more Congressional representatives like Michele Bachmann. She is not afraid to ask the hard questions nor is she afraid to offend anyone by putting America's interests first.

You can access both news items on-line here:

Geithner 'Open' To China Proposal
Ben Smith
The Politco
March 25, 2009

Bachmann Bill Would Ban Global Currency
Eric Zimmerman
The Hill
March 26, 2009

Blog Entry From Congresswoman Michele Bachmann (R-MI)

As Congress readies itself to spend $300 million on golf carts as part of their multi-hundred-billion-dollar stimulus proposal, the non-partisan Congressional Budget Office (CBO) has provided some very alarming numbers - and Congress should take heed. According to the CBO, in 2009 and 2010, 98% of the tax cuts in the Democrats' economic "stimulus" package will go into effect, providing for 1.4% growth in our nation's Gross Domestic Product in that time. However, the other 2% of the stimulus tax cuts will go into the economy between 2011 and 2019 - along with about half the spending in the package. The problem with this equation is that the $1.1-trillion price tag (which includes the interest on the total package), our increasing debt and our crowding out of private sector activity will drive down our Gross Domestic Product to .2% less than it is today, prior to the stimulus. So what you want to take away from these numbers is this: Spending $1.1 trillion today will result in a loss of 0.2% of our wealth tomorrow. (Check out the Graph) According to the peer-reviewed research and methodology of Dr. Christina Romer, the President’s head of the Council of Economic Advisors and the nation’s chief economist, The Republican Economic Recovery Plan creates twice the jobs at half the cost. Americans know that tax cuts are a better way to immediately stimulate the economy than wasteful government spending.

You can access this blog entry on-line here:

Spending Money Today To Lose Money Tomorrow
Michele Bachmann
TownHall.com
February 12, 2009

Top Ten Things To Expect From An Obama Supreme Court And The Dems Energy Charade

One of the biggest issues facing Americans today is where the Supreme Court will be headed in the next 4 to 8 years. It took over 30 years to undo the Court that back in the 60's and 70's rode roughshod over the American public and forced upon us many ill-advised liberal policies that resulted in the coddling of criminals and walking all over the victims of crimes.

Committee for Justice Executive Director Curt Levey wrote supporters an email which Amanda Carpenter over at TownHall has partially reprinted. Included is a Top Ten list of what we can expect from an Obama Supreme Court. Here they are:

10. Expanding and perpetuating the use of racial preferences 9. Creating new constitutional rights to physician-assisted suicide and human cloning 8. Expanding judicial oversight of military detentions and CIA interrogations 7. Prohibiting tuition vouchers for religious schools 6. Banning the death penalty 5. Requiring taxpayers to fund essentially unlimited abortion rights 4. Creating new constitutional rights to massive government welfare and medical care programs 3. Stripping "under God" from the Pledge of Allegiance 2. Eroding property rights 1. Ordering all 50 states to bless gay marriage

Pretty interesting list, especially for those of us who remember how chaotic the 70's were with respect to criminal justice.

You can access the complete article on-line here:

Top 10 Things To Expect From Obama Court
Amanda Carpenter
TownHall.com
July 28, 2008

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And the Democrats still don't get it when it comes to energy. What are they thinking? That we won't see through their smoke and mirror tricks?

Writing for the Wall Street Journal, Michele Bachmann, a Republican congresswoman from Minnesota, deconstructs the Dems energy non-policy very nicely and in accurate detail.

From the WSJ:

Consider the details of Drill. It would not have opened new lands to energy exploration. Instead, it would have increased the number of lease sales in the National Petroleum Reserve -- the Arctic National Wildlife Refuge's (ANWR's) sister territory on Alaska's North Slope -- from one lease sale every two years to one every year. The problem here came in the fine print. The bill would have mandated that leasing be done in an undefined, "environmentally responsible" way. ... The Democrats' focus on the National Petroleum Reserve is also striking. While it contains comparable known reserves to ANWR -- 10.6 billion barrels compared to an estimated 10.4 billion barrels in the wildlife refuge -- its fields are spread over 23 million acres. The portion of ANWR territory that should be opened to exploration covers a mere 2,000 acres. The National Petroleum Reserve's fields are a little over 250 miles from the current pipeline infrastructure, while ANWR is only 75 miles away. To top it off, currently there is no production in the National Petroleum Reserve because of ongoing litigation. By focusing on a patch of Arctic tundra more spread out than ANWR, a greater distance from current pipelines, and subject to lawsuits not addressed by the legislation, the Democrats chose to respond to American cries for expedited drilling in such a way that would have made it harder to produce energy. There's more. The Drill Act included "use it or lose it" restrictions that prohibit the federal government from issuing new exploration or production leases anywhere, unless the applicant can certify that every lease currently held is being "diligently developed" (again, to be defined later by lawyers) to produce oil or natural gas. Any lease not meeting the yet-to-be-determined standards would have to be relinquished.

Clearly, the Dems are scambling to at least present an illusion that they are doing something about soaring energy prices. But they are insulting our collective intelligence by using these idiotic tricks and thinking that we won't see right through them.

You can access the complete article on-line here:

The Democrats' Energy Charade
Michele Bachmann
Wall Street Journal
July 29, 2008