News

Bachmann blaming new debit card fees on Dodd-Frank

Michelle BachmannRepublican presidential candidate Michele Bachmann is telling people to blame the federal government for the higher bank fees that they are going to start paying.

“Did ya’ll hear last week that your debit card you now have to pay a five dollar a month debit card fee,” Rep. Bachmann (R-Minn.) asked during a town hall meeting in New England on Sunday, according to CBSNews.com. “Well thank you federal government; that’s thanks to Dodd-Frank.”

Bachmann has promised to repeal Dodd-Frank if she is elected.

During the town hall meeting, Bachmann defended the Tea Party, which she leads in the House, and said it is not comparable to the Occupy Wall Street protesters.

‘I don’t think they are similar to the Tea Party at all,” Bachman said, CBSNews.com reports. “If Occupy Wall Street wants to be upset about something they should go in front of the White House and that is where they should be protesting.”

Bachmann’s rivals in the primary are using the same attack on Dodd-Frank.

Mitt Romney, the former Massachusetts governor, has called for the law’s repeal.

“It created such uncertainty that the bankers, instead of making loans, pulled back,” Romney said, at a rally in South Carolina over Labor Day weekend, according to NYTimes.com.

Texas Governor Rick Perry is also calling for a repeal of Dodd-Frank.

“We have to end it right now,” Perry said, also over Labor Day weekend in South Carolina, NYTimes.com reports.

Comments are closed.