TPM Fact-Checks Bachmann's Roaring Twenties Speech

Eric Kleefeld at Talking Points Memo: One particular line really does stand out, though -- saying Franklin Roosevelt turned a recession into a depression through the "Hoot-Smalley" tariffs: The CSPAN transcript corrects Bachmann. If that wasn't a hoot, check out what else Bachmann got wrong: Here's what really happened: When Franklin Roosevelt took office, unemployment was already about 25%. And the tariff referred to here was actually the Smoot-Hawley bill, co-authored by Republicans Sen. Reed Smoot of Utah and Rep. Willis Hawley of Oregon, and signed into law by President Herbert Hoover.