Even without the not-so-clever edit it sounds pretty clear to me, she said “wet people,” not “white people.”
This is how Wonkette spun it:
Here’s the doctored video they posted, note at the 12 second mark you can clearly see where the edit began:
Here’s the full clip where she says “Who likes wet people? Yeah, that’s right. Because we have the God of the winds and the rain don’t we?”
Via Yahoo! News:
An edited video that makes it appear as if Republican presidential candidate Rep. Michele Bachmann asked an Iowa crowd, “Who likes white people?” is quickly spreading around the Web. However, if you watch the full, unedited version of the video, it’s clear the Minnesota congresswoman said something very different.
Bachmann made a campaign stop at the Midwest Spirit Christian Music Festival on Aug. 5 in West Des Moines to give a speech about her Christian faith. It was raining during her the appearance, so when Bachmann took the stage, she asked, “Who likes wet people?” referring to the still-damp masses who stuck around for her talk.
“Yeah, that’s right. Because we have the God of the winds and the rain don’t we?” she said immediately after — a key phrasing that was edited out of the shorter clip. “We serve a mighty God.”