02 January 2010

Does Michele Bachmann benefit from "socialism" ?

"Rep. Michele Bachmann (R-Minn.) — so fond of accusing the Obama administration of foisting socialism on an unwilling America — has apparently been the recipient of about a quarter of million bucks in government handouts...

Bachmann’s financial disclosure forms indicate her stake in the Wisconsin farm is worth up to $250,000. Her income from the farm has grown from $2,000 a year a few years back to as much as $50,000 for 2008."
Bachmann's family farm received $251,973 in federal subsidies between 1995 and 2006. The farm had been managed by Bachmann's recently deceased father-in-law and took in roughly $20,000 in 2006 and $28,000 in 2005, with the bulk of the subsidies going to dairy and corn. Both dairy and corn are heavily subsidized — or "socialized" — businesses in America (in 2005 alone, Washington spent $4.8 billion propping up corn prices) and are subject to strict government price controls.
As MinnPost points out, it important to emphasize that there is nothing illegal or immoral here re the farm income. But it must be at least a bit awkward for someone who rants endlessly about the need for free, unsubsidized markets.

2 comments:

  1. Cognitive disconnect from a leading spreader of "death panel", concentration camps for dissidents, birther, and other lies.

    ReplyDelete
  2. The use of the word cognitive in conjunction with Bachman seems a bit inaccurate.

    ReplyDelete

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