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GLENN: Michele Bachmann has been here since the beginning and she has an idea
of now a Constitutional Caucus in the House of Representatives, and I wanted to
get her on, first of all, Congresswoman, congratulations.
BACHMANN: Glenn, thank you. It is so awesome to see what happened last evening
and it really was the fruition of a few years' work by a tremendous number of
coalitions saying we've got to be serious about taking our country back and you
are the nation's educator. You are the one who motivated people to get
off the couch. You taught us from your blackboard so that people today know the
head of the SEIU, the AFL/CIO, the Tide, how all of this works together. That
highly educated and motivated people to such a great extent that people were
able to go and explain to their friends and neighbors what was going on and the
coalition grew and grew and some people maligned it
and called them derogatory terms but last night after Congress not listening,
the people had their voices heard at the ballot box and it was overwhelming and
astounding. On one side you might say it was negative because it was a full scale reputation of
Obama, Pelosi and Reid, their agenda that they had passed but on the other it
was an extremely positive vote because it was an affirmation for the future,
republishing our heart to the fidelity and the principles of the constitution
and Bill of Rights. I think this is a vote that America will go on. That's what I saw last
night. I'm excited about the direction of the country.
GLENN: Michele, I spoke to you two weeks ago when I was in Minneapolis, and you
said and I thought this was very, very smart, you said we need a Constitutional
Caucus. Not a Tea Party caucus. Explain. What are you thinking?
BACHMANN: This is a broader caucus. It would be called the Constitutional
Conservative Caucus and the purpose is to bring all of these wonderful, new
people in that just ran for office that have the pulse of the American people
and bring them in. Because quite quickly within a matter of two months, people
can be co-oped into the Washington system and it's easy to lose your way. So we want
to bring together in a group so that every week we're studying the Constitution,
The Declaration, Bill of Rights. I want to invite in our Supreme Court justice,
other legal experts to come in who understand our nation's founding documents,
David Barton would have a lot to say about that as well. Bring them in and then
every week, an hour before we take our first vote have our weekly class so that
we're reminded of our constitutional
juristical limits, and then we can be a very powerful group.
GLENN: How many do you need to cobble together? This is what the progressive
caucus has done. They have cobbled together power and they don't move and they
BACHMANN: That's right. And that's why if enough of us can stick together, maybe
even 20 to 25, we can stop any bill from passing. We need 218 votes to pass a
bill and Republicans have now more than 218, but if you have a very small group
of members, 20 to 25 members, if we can hang together and if an unconstitutional
bill comes before us, something like a stimulus or government takeover of
healthcare, we can stop that bill. So this is a very powerful influential group
of people and that's why I want to encourage all of your listeners to contact
your new member of Congress or your existing member of Congress, encourage them
to become a member of the Constitutional Conservative Caucus and go to my
Facebook site if you want to we'll have information on these new classes every
week. I encourage them. You need to get into a habit. When you get into
Congress, you have so many opportunities of meetings that you go to. You need to pick a
few and go to them and encourage your member early on to become a member of the
Constitutional Conservative Caucus because then they'll have a group of people
they can hang with and stay solid with so we can encourage each other based upon
our nation's founding principles.
GLENN: As a listener, I want you to understand. Mr. Smith Goes to Washington is
about to happen. I want you to go back and watch that movie. It's about to
happen, and the only thing that will save it, the only thing that will save this
movement is if they are not co-oped. Michele Bachmann is the real deal. I don't
say that lightly. I bet
there's less than five people I would say that about that. Michele Bachmann is
the real deal, this is her caucus. I urge you to call your new members of of Congress and tell them
to please get into this caucus. Michele has the right idea on this. If we can
get them, if we can hold
onto them and don't lose their soul and tie themselves to the constitution and
to each other, they won't be lost. Michele, let me ask you what's happening with
the fed today they're going to decide if they're going to monetize our debt,
which Ben Bernanke testified and said they would not do. They will do quantitative
easing QE2, between 500 billion and a trillion dollars of buying their own debt
and printing the money.
BACHMANN: That's right. The original announcement was a trillion dollars, and I
think was a shock wave sent through the financial markets and now they're
backing off and saying they might start with a couple hundred billion up to 500
billion. It doesn't matter. Every bit of it that they monetize for debt, as you
said, will mean a reduction in the value of the dollar. We're looking now
potentially at losing 20% of the value of the dollar if they go forward with
this. I wrote a letter several weeks ago to the Federal Reserve Chair Ben
Bernanke and begged him not to do this and forestall that decision before he
comes before the financial services committee, of which I have a seat on and
chaired by Barney Frank. This is a very serious move by the fed. What this means,
Glenn, is intentionally the Federal Reserve will be spiking inflation. They
think that's good for the country. Does anyone honestly believe adding inflation
would be a good thing to the country while the Federal Reserve does this? This
is a disaster.
GLENN: It is for anyone who holds large reserves of cash or has debt to pay off,
like the federal government, or your homes. It is good for that. It is awful,
awful for anybody who doesn't have a lot of money.
This is quintessential the rich get richer. Wall Street will spike. All that
money being pushed in, Wall Street people will dump it into the stock market and
the rich will get richer and the poor will get poorer on this.
BACHMANN: That's right. They have done this, Glenn, since the early part of the
last century. They have so devalued the dollar that the dollar is worth about 4
cents what it was back in about 1915 and 1920 because of this issue of
inflation. The government continues to overspend. When they overspend, they
inflate the dollar and they pay their debt off with cheaper dollars, but they
are literally robbing the sustenance out of every American because they're
taking away the value of our dollar and the ones who will hurt the most are
GLENN: Unbeknownst to the American people, we shipped a lot of gold over to
Germany and Europe after World War II. Can an average person go in and see the
gold that we have? Can you as a Congressman go in and eyeball the gold reserve
that we have and get an actual, legitimate estimate on what we have?
BACHMANN: I don't believe so. It's in Ft. Knox. That is something I can ask for.
GLENN: Could you ask?
BACHMANN: My understanding is that it virtually isn't there anymore.
GLENN: That's what I have heard. It would be interesting to know what they did
with our gold.
BACHMANN: I will track it down and I will get an answer for you.
GLENN: One more thing. Last night you were on with Chris Matthews and he insisted you look hypnotized and
we thought you looked great, that you did a great job but you had a great slam. Do we have the audio? You had
a great comeback for Chris Matthews and I would like to play it for the
listeners and get your response.
MATTHEWS: You want to see the democratic members of Congress investigated by the
media, you put it that way, you wanted to us investigate the Democrats for
un-American attitudes. I just want to ask you, do you stick with that plan? Do you
want us to do it, or will you do it with the subpoena power? Who do you want to
investigate the Democratic members of Congress for un-American thinking?
BACHMANN: Well, the plan I've been talking about is really four things. I would
encourage the new Republican leadership to take this on as the agenda in 2011
and it's very simple. It's keep the current tax policies so no one has increased
taxes. Number two, we need to put a full scale repeal of Obamacare passed
through the house, hopefully it can get through the Senate, and then number three, we
need to make sure that we secure the United States borders and number four, we
need to make sure that we don't have a huge increase in national energy tax.
Those are the four issues that the American people want the Congress to deal
with because they want to get certainty back into the economy.
BACHMANN: This election shows that people believe in this country. They love
enterprise and love capitalism. They want to make sure we have jobs going
MATTHEWS: Congresswoman, has someone hypnotized you tonight? Because no matter
what I ask you, you give the same answer. Are you hypnotized? Has someone put
you under a trance tonight that you give me the same answer no matter what
question I put to you?
BACHMANN: I think the American people are the ones finally speaking. We're
coming out of our trance. We're coming out of our nightmare. I think people are
thrilled tonight. I imagine that thrill is maybe not so tingling on your leg
PAT: That's great.
GLENN: Michele, I love you. That was the greatest. He was very upset about that.
After you got off, he went on and on about it.
PAT: It wasn't a tingle. You said it was a thrill not tingling up his leg.
GLENN: He said he's emotionally moved by people speaking highly about this
PAT: Yeah remember him saying that about Bush all the time, all of his speeches were like that.
GLENN: Or about 8/28 or about half my show. So Michele
BACHMANN: Chris Matthews continually, prior to the clip you had played, accused me of being in
trance and being hypnotized and he was extremely insulting and I was trying to
be responsive to him on questions but at the very end I thought that his true
colors were showing, and well I meant it in all good fun.
GLENN: You are not trying to have them investigated by Charlie McCarthy
GLENN: Charlie McCarthy would be fun wouldn't it. I mean we could have a
puppet do it.
Congressman Bachmann, thank you very much.
BACHMANN: Thank you, Glenn. We appreciate you for everything you have done.
[NOTE: Transcript may have been edited to enhance readability - audio
archive includes full segment as it was originally aired]