Rep. Michele Bachmann (R-Minn.), the tea-party wacko and former presidential candidate, announced that she will not seek reelection to a fifth term. The Federal Election Commission and the Office of Congressional Ethics are investigating her finances of last year's Republican primary bid.
Bachmann says, "Rest assured, this decision was not impacted in any way by the recent inquiries into the activities of my former presidential campaign." Bachmann is also refusing to pay $5,000 to five staffers from her failed presidential bid, even though she has more than $2 million in her campaign account.
Michele Bachmann criticized President Obama’s so-called "life of excess" at the White House, arguing that the first family was "living rich on the taxpayer’s dime" as the nation faces sequestration and large deficits. But Obama has actually one of the lowest net worths of any American president. It is Bachmann and her husband Marcus who have done well for themselves, and have an estimated net worth of between $1.3 million and $2.8 million.
The Bachmann's assets include her husband's Christian psychotherapy clinic (which is used to "pray the gay away"). Her husband had said, "We have to understand: Barbarians need to be educated." The clinic was worth at least $600,000 and generated as much as $100,000 in gross income in 2010. The clinic also gets more than $137,000 in Medicaid each year, even though neither have a license.
And then there's the Bachmann Family Farm in Waumandee, Wisconsin which was valued between $500,000 and $1 million. Bachmann has said that she and her husband "have never received a dime from the farm," although it received nearly $260,000 in federal agriculture subsidies between 1995 and 2008. Michele Bachmann's financial disclosure forms show that she received between $32,503 and $105,000 in income from the farm between 2006 and 2009.
Because of Dr. Bachmann's clinical background, the Bachmann home was legally defined as a treatment home, which qualified the family for a higher reimbursement rate from the state for their adopted children (the current rate is about $47 per child per day).
ALSO: Michelle Bachmann was challenged to a debate with a 16-year old girl. (but turned her down). And Bachmann lied about taxes being too high, when they were historically low. And someone needs to tell Michele Bachmann that the Earth is not Flat. She was also fond of saying, "Take our country back!", but never saying from who. But we need to take our country back from wackos like her. And we soon will. "Hooray! Ding-dong! The witch is dead!"