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Can a GOP President Fix the Economy?

Crowded field has many ideas


Can a GOP President Fix The Economy?Michele Bachmann


  • Age: 55
  • Claim to Fame: Founder of House Tea Party Caucus
  • Economic Expertise: Member of House Financial Services Committee

Michele Bachmann is no stranger to budget battles, both on a federal level and on the household level. As a third-term congresswoman from Minnesota, she serves on House Committee on Financial Services and is a veteran of Congressional spending negotiations. But her experience caring for more than 20 foster children and professional experience with tax law has taught her first hand how to make a family budget work. (Find out how federal spending would look if Uncle Sam followed a family budget).

What changes would Bachmann bring to Washington? Soon after being sworn in to her third term in Congress she introduced legislation to repeal the landmark Dodd-Frank financial reforms that became law in 2010. Bachmann claimed that the new regulations “grossly expanded the federal government beyond its jurisdictional boundaries” and would hurt jobs and corporate profits.

The congresswoman’s bill has been endorsed by such conservative groups as the Club for Growth and Americans for Prosperity for its efforts to roll back governmental interference in business.

As one of the vocal leaders of the small government Tea Party movement, Bachmann has made it clear that she wants to get Washington as far away from the private sector as possible to allow for free market conditions.

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