This morning, in Waterloo, Iowa, Minnesota congressman Michele Bachmann formally announced that she's running for president. Here are excerpts from her speech (via Politico):

“My early days were difficult as they were for many Americans, especially during the time when my mother struggled to raise us after divorce. But we made our own way. We depended on our neighbors and ourselves and not our government for help. … Americans still have that same spirit. We cannot continue to kick the can of our problems down the road, because they are problems of today and not tomorrow. We cannot continue to rack up debt on the backs of future generations. We can’t afford an unconstitutional health plan that costs too much and is worth so little. And we can’t afford four more years of failed leadership at home and abroad. We can’t afford four more years of millions of Americans out of work or in jobs that pay too little to support their families. We can’t afford four more years of a housing crisis that is devaluing our homes and making home ownership impossible for many Americans. We can’t afford four more years of a foreign policy that leads from behind and doesn’t stand up for our friends and stand up to our enemies. We can’t afford four more years of Barack Obama.

“As a constitutional conservative, I believe in the Founding Father’s vision of a limited government that trusts in and preserves the unlimited potential of the American people. … In February, 2009, President Obama was very confident that his economic policies would turn the country around within a year. He said: ‘A year from now, I think people are going to see that we're starting to make some progress. If I don't have this done in three years, then there's going to be a one-term proposition.’ Well, Mr. President, your policies haven’t worked. Spending our way out of this recession hasn’t worked. And so, Mr. President, We Take You at Your Word! … The people of this great country … are longing for a President who will listen to them, who will lead from the front, and not from behind.”

For more on Bachmann, read Matt Continetti's profile of the "Queen of the Tea Party."

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