This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Reasons Not To Sell Michele Bachmann

Experience
Much of America was introduced to Bachmann during the 2008 presidential campaign when she shared her apprehensions about then-candidate Obama's "anti-American views." This obscures the fact that she'd been elected to office two years earlier and has held her seat in Congress for the past four years.

Of the GOP frontrunners, only Bachmann is in office. Amid the GOP field, only she, Texas Rep. Ron Paul and Michigan Rep. Thaddeus McCotter are still elected officials.

Unlike frontrunner Romney, though, Bachmann's been re-elected. Twice. Granted, the first reelection in 2008 was by a three-point margin in a race featuring an independent candidate who sucked up 10% of the vote, but that margin expanded to 12 points in her win last year and was still a better showing than Romney Lt. Gov. Kerry Healy, who lost to current Massachusetts Gov. Deval Patrick by 21 points that same year after Romney quit.

It's also allowed Bachmann to put her record on the line and make claims her GOP foes can't. Romney, Herman Cain, Jon Huntsman and Tim Pawlenty can lash out against bailouts for Wall Street, banks and automakers, but Bachmann actually voted against all of them. Sideline sitters such as Perry and Sarah Palin can screech about "Obamacare" all they'd like, but Bachmann opposed the health care legislation as well. The entire field can bemoan the Dodd-Frank changes to financial regulation, but only Bachmann introduced legislation to repeal it that was strong enough to earn the endorsement of California Rep. Darrell Issa, chairman of the House's oversight and reform committee.

Economic clout
Bachmann isn't railing against Obama's health care plan and Congress' financial regulations from the sidelines. She launches her criticism as a former tax attorney who now sits on the House financial services committee's subcommittees on international monetary policy and trade and on oversight and intelligence.

It's given Bachmann a bully pulpit for her stance against the minimum wage that she's held since serving in the Minnesota State Senate. Bachmann has since proposed dropping the federal minimum wage altogether in an effort to "virtually wipe out unemployment." Bachmann has wanted to phase out Social Security and Medicare since before Wisconsin Rep. Paul Ryan's budget plan made that idea cool in GOP circles.

It also made her unpopular for holding the line on public programs before that strategy came into vogue. Bachmann opposed increases in higher education spending during the past Bush administration and voted against an increase in Pell grant limits and loan limits and a decrease in loan interest. Those changes passed through the House in spite of her efforts, but the message was sent.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs