Bachmann Calls Stimulus I "Greed, Graft and Corruption."

Submitted by Anonymous on September 23, 2011 - 9:40am

U.S. Rep. Michele Bachmann, R-Minn., says the growing Solyndra scandal is emblematic of what was wrong with the American Recovery and Reinvestment Act of 2009 and why a second round of stimulus isn't needed.

"Vice President Joe Biden said the stimulus program and Solyndra is exactly what the stimulus program was all about: greed, graft and corruption." said Bachmann Friday morning."And now President Obama is proposing a 'son of stimulus.' We don't need the sequel."

Solyndra, a high-profile California solar company was the recipient of $535 million in federal loan guarantees and a personal visit from President Barack Obama before going bankrupt in August.

Bachmann was the first of the GOP's presidential candidates to take the main stage at CPAC's Florida Conference today as a run-up to Saturday's straw ballot. Each candidate has been scheduled for a 15-minute appearance either in the morning or early afternoon.

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