Congresswoman Michele Bachmann (R-Minnesota) is out running for president this afternoon in Iowa. She issued a statement about President Obama's new jobs plan, an economic stimulus package that is paid for by closing corporate tax loopholes and raising taxes for the wealthy. Representative Bachmann writes:
"Two businesses I will visit in Iowa today are examples of why the President's policies continue to dig us deeper into the hole toward another recession."
The first business on her itinerary makes equipment for the heavily subsidized farm industry.
The second is OMJC Signal -- short for Our Master Jesus Christ. OMJC makes traffic signals for roads and school zones, and especially the stuff you see when streets are under construction. Their customers include towns and cities. On its website, the company writes that its future will be driven in part by "[t]he national road infrastructure desperately needing routine maintenance compounded with the government shortage of labor & funds" and on developing "alternative energy markets."
In the American Jobs Act (pdf), President Obama proposes spending $50 billion on infrastructure the American Jobs Act. That might not matter much at the Bachmann campaign stop, even if it matters for the bottom line of companies that build big stuff. Also, the American Jobs Act is kinda popular, in its particulars, and that might matter a lot.
Bonus: Former Bachmann campaign manager says she's done after Iowa.