Rep. Michele Bachmann (R-MN) headlined an event on Friday for the North Dakota Republican Party, and lambasted President Obama for what she saw as his historically terrible handling of the nation's finances. The only problem, however, was that her pronouncements didn't bear much resemblance to reality.
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Bachmann argued that "there is no moral equivalency" between the admitted over-spending of the Bush administration compared to the Obama presidency. "Because if you look at the debt level accumulated under George W. Bush, 400 some-odd billion dollars, President Obama in his first year in office accumulated $1.4 trillion, over four times more than that big spending George Bush -- and that was after 911 and the recessions and all that he had to deal with and the two wars. Over four times," said Bachmann.
"As a matter of fact, President Obama spent so much money that if you took all the debt that we accumulated from George Washington, every president up until Barack Obama, President Obama accumulated more debt in eight months than all previous presidents combined. Combined. That gives you context for the times we're living in."