MICHELE BACHMANN WARNS: “FINANCIAL BILL WORSE THAN HEALTHCARE MEASURE”

A Republican congresswoman, who has been in the forefront of the fight against the healthcare bill, the climate control bill and other contentious measures, warned in an impromptu interview on Breitbart.tv Thursday evening, that a fast-tracked, under-the-radar mega-bill by Rep. Barney Frank, D-Mass., designed to overhaul the regulation of the entire financial services industry – and headed at the time for passage by the House -- is “even worse.”

“I know that’s hard to believe, but it is worse in the sense that every American makes financial transactions,” said Michele Bachmann, who represents the people of Minnesota’s Sixth Congressional District. “We all use credit cards, we all write checks. This will all now be controlled by government, and government will ration credit. You can’t have capitalism without capital, and government will decide who gets capital and who doesn’t.” (more)