Bachmann: Financial reform is just like Italian fascism!

Bachmann can get away with anything before an audience of devoted admirers, and she takes full advantage of it. According to the Minnesota Independent, she got away with telling some Tea Party group last week that financial reform is like fascism in 1930s Italy.

Let’s remember really what this is. This has a lot in common with Italy in the 1930s and they way Italy dealt with economics,” she said. “It still continues private ownership of business but government is in control.”

“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.

Note how she backpedaled a bit there, acknowledging that a 60-something% ownership stake in GM stock is not technically socializing the company. But it looks a bit like it, so BOO! BEWARE! FASCISTS IN THE TREES!

Let’s start with the obvious: Setting up a watchdog for the derivatives market, so that financial companies aren’t acting against their clients’ best interests, doesn’t remotely resemble fascism. Fascism is defined by sane people as a political philosophy espousing a strong central government, nationalism and severe social stratification with zero dissent allowed. Regulating the derivatives market isn’t even the government takeover of private business that Bachmann’s saying it is, any more than seat belt laws allow the state government to drive your car. In addition, the Wikipedia page the MNIndy links to is also edifying for others reasons. Historians aren’t clear on whether Italian fascists had an economic plan. If it did, it started with a resource-starved postwar country that doesn’t much resemble ours. So the comparison isn’t terribly apt anyway.

But this is assuming that Bachmann has done even that much research, which we doubt. She just wants to get votes from people who don’t think very hard. FASCISTS!! BOO! BE AFRAID AND GIVE REPUBLICANS YOUR MONEY!


%d bloggers like this: