Republican Rep. Michele Bachmann equated the
financial reform bill that is being debated in Congress to Mussolini’s Fascist
Italy, when speaking at a Tuesday night online event with a Tea Bagger political
action committee.
“Let’s remember really what this is. This has a
lot in common with Italy in the 1930s and the way Italy dealt with economics,”
she said. “It still continues private ownership of business but government is
in control.”
Bachmann continued, “So government control of
the private business, while its private ownership, that’s still at the end of
the day the federal government virtually having a say over private business. We
lose freedoms; we lose economic competitiveness.”
“And don’t forget,” she added, “Italy is in
tough shape financially, and that’s not what we want for the United States.”
President Barack Obama is trying to use
financial reform to centralize American industry under the thumb of the federal
government, she added, similar to moves made by Mussolini.
“It’s a very deliberate move by this
administration to centralize power and have the government own or control the
means of production,” said Bachmann.
Italy was ruled by the Fascists under
Benito Mussolini in the
1930s. Today, the country has the seventh largest economy in the world,
according to the World Bank and the International Monetary Fund.
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