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.”