Today Michelle Bachmann is at it, comparing financial reform to Italy under Mussolini because things were working so well without financial reform here.
"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."
She continued, "So government control of the private business, while it's private ownership, that's still at the end of the day the federal government virtually having a say over private business. We lose freedoms; we lose economic competitiveness."
In Italy the fascists did take over nominal control of many key businesses but they never had to bail out the banking system. Despite my many reservations on how it was done, especially the lack of transparency some form of bail out was necessary.
On second thought, why do I even bother to comment on such idiocy. Bachmann's words speak for themselves.