Bachmann Accuses Bush of Socialism

November 15, 2011

Bachmann Accuses Bush of Socialism

In her soon-to-be published book, Core of Conviction, Rep. Michele Bachmann accuses former President George W. Bush of "socialism" for his 2007 decision to bail out financial institutions that were near collapse, ABC News reports.

Writes Bachmann: "The Bush administration, which had always professed faith in the free-market system, was now reversing its course."

She says Bush and then Treasury Secretary Hank Paulson were embracing a kind of "bailout socialism."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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November 15, 2011