Michele Bachmann fisked by CBS News after "Face the Nation" appearance
"Bachmann Offers Big Numbers, Little Proof," reads the headline over David Riedel's piece at cbsnews.com following Michele Bachmann's appearance Sunday on "Face the Nation." In it, he takes on Bachmann's repeated assertion this past week that the federal government runs the U.S. economy.
"Now we have the federal government taking over ownership or control of 51 percent of the American economy. This is stunning. Prior to September of 2008, 100 percent of the private economy was private," she told host Bob Schieffer.
According to the Bureau of Economic Analysis data since 1929, the highest percentage of government spending as a percentage of Gross Domestic Product was during World War II when government spending was 47.9 percent (in 1944). The lowest level of government spending as a percent of GDP was 9 percent in 1929 at the outset of the Great Depression. At no time during this period was the United States' GDP 100 percent private.
"The New England Journal of Medicine released a survey the week that President Obama signed Obamacare stating that over 30 percent of American physicians would leave the profession if the government took over health care. That's very serious going forward," she said.
The New England Journal of Medicine has denied it conducted or published the survey cited by Ms. Bachmann.
You can read the transcript of Bachmann's appearance by clicking here. You can read Riedel's piece by clicking here. And here's the video. It's a 12 minute clip and Bachmann's up at about six minutes in: