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Bachmann: Obama acting like US is a ‘banana republic’

GOP presidential hopeful Michele Bachmann (R-Minn.) on Sunday accused President Obama of running the nation like a "banana republic."

Bachmann, during an interview on NBC's "Meet the Press," said the administration had failed to cut spending and had put the nation in greater debt.

"We're acting like Greece and like Italy, and that's what people are frustrated with. They want us to act like a first-world nation," said Bachmann. "Not like what president Barack Obama is doing. He's acting like we're a banana republic. We've got to get our act together, and stop spending money that we don't have."

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When asked by host David Gregory if it was fair to compare the U.S. with the eurozone's debt situation, Bachmann doubled-down on her comments.

"The decision that Barack Obama is making, is acting like a banana republic. It's absolutely irresponsible what President Obama is doing to get behind measures to increase spending to such a level that we're going in to debt, $1.5 trillion every year," she said.

Bachmann also discussed a tense exchange with rival candidate Newt Gingrich during last Thursday's GOP debate. 

Bachmann had criticized others in the GOP field for not taking her seriously after Gingrich accused her of not having her facts straight.

"This isn't just once, I think it's just outrageous to continue to say over and over throughout the debates that I don't have my facts right, when it as a matter of fact, I do," Bachmann had said during the debate. "I am a serious candidate for the President of the United States, and my facts are accurate."

Sunday on NBC, Bachmann was asked if she believed Gingrich had singled her out and if his criticisms were motivated by sexism.

"Well, what he said sounded very condescending. And it sounded like he was talking down to me, as though I was one of his students," Bachmann said. "I'm not one of his students. As I said, I am a serious candidate for the presidency."