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Bill Clinton: Obama Didn't Have a Clue What to Do About the Economy

With a supporter like Bill Clinton, Obama doesn't need critics. It has become apparent that Bill Clinton isn't any more impressed with Obama's economic acumen than Nicolas Sarkozy is of Obama's foreign policy acumen:

Barack Obama cultivated the image of a cool and collected leader during the height of the economic crisis last month, when lawmakers on Capitol Hill scrambled to draft a workable bailout package after a meltdown on Wall Street.

And when John McCain suspended his campaign to dive head first into the fray, Obama's campaign accused the Republican of being "unsteady."

But to hear Bill Clinton tell it, the Democratic nominee didn't quite have a handle on the situation himself.

"I haven't cleared this with him and he may even be mad at me for saying this so close to the election, but I know what else he said to his economic advisers (during the crisis)," Clinton told the crowd at a Wednesday night rally with Obama in Florida. "He said, 'Tell me what the right thing to do is. What's the right thing for America? Don't tell me what's popular. You tell me what's right -- I'll figure out how to sell it.'"

Clinton said when the crisis broke, Obama called his own advisers as well as those of the former two-term president, Hillary Clinton, Warren Buffet and others.

"He called those people. You know why? Because he knew it was complicated and before he said anything he wanted to understand," Clinton said. "That's what a president does in a crisis."

The seeming praise may come off as a backhanded compliment, especially since Obama repeatedly accuses McCain of admitting he doesn't know much about the economy. McCain's campaign said Clinton's remark shows Obama was uncertain when Wall Street seemed to be on the verge of crumbling.

"Barack Obama had no idea what the right thing to do is or at least that's Bill Clinton's impression," McCain spokesman Michael Goldfarb said.

The fact that Barack Obama wants to raise taxes in an economic environment like this one is proof positive that he's got no clue about what to do about the economy. If his policies of tax and spend, spend, and spend some more get enacted, they will drive our economy even further into the ground. Couple that with his policy of sitting down at the negotiating table with world's worst tyrants and dictators without preconditions, pulling out of Iraq regardless of the consequences to us and Iraq, and dialing down our nation's ability to defend itself, and you've got an American catastrophe in the making.


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Comments (11)

The only people who support... (Below threshold)

The only people who support the democrats 100% of the time are the terrorists, communist, and dictators around the world. Why is that? Birds of a feather and all that stuff?

Wait, Obama wanted to talk ... (Below threshold)

Wait, Obama wanted to talk to expert advisors before making a decision. Well, good lord, we can't have that, now can we?

Here's another take on the crisis from Time:


Obama realized that he and McCain could be little more than creative bystanders -- and one prominent Republican told me that McCain was "the least creative person in the room at the President's White House meeting. He simply had no ideas. He didn't even have any good questions." Obama had questions for the Treasury Secretary and the Fed chairman, but he was under no illusions: he didn't have the power to influence the final outcome, so it was best to stay calm and not oversell his role.

That cocky b*stard.

You poor bastards are about... (Below threshold)
Tenants of Islam:

You poor bastards are about to be whipped like a red headed step child. It's going to be fun to see you get what's coming to you.

Pass the popcorn.

It doesn't have anything to... (Below threshold)

It doesn't have anything to do with economics; he already told us that re cap. gains taxes.

It's about "fairness," which history has proved to be the last refuge of scoundrels, beyond the typical accusation of "racism."

Why people would throw overboard 200 years of free market capitalism (with the exception of the 1930's and 40's) in the face of unprecedented decades of economic growth, is a sign of the times. Degraded quality in our education system, no stomach for any pain or inconvenience (several of Obama-mercials subjects complained about limited "snacks" for their children), failure of critical thinking.

This is the price we pay for our slouching toward unseriousness.

Um, it may be just me, but ... (Below threshold)

Um, it may be just me, but I'd EXPECT him to consult his advisors before making a decision. I expect McCain to do the same damn thing. That's what the f*@k they're there for.

Now, using what little we know about Barack to trust his judgement on who he has as his advisors, that's worth pointing out. That's why Ayres, Wright et al are important.

It is my opinion tha... (Below threshold)

It is my opinion that both candidates did what they thought was the best when the brown hit the fan. Given that Senator Obama has very little influence in Washington by virtue of his short time there, he did the right thing. He called various folks and mostly kept his mouth shut until he got into Bush's meeting.

On the other hand, McCain is an established figure in the halls of Congress. He was called in to solve a problem and that problem was the House Republicans. And he responded as he should have responded.

Both these guys did the right thing initially based on their individual abilities and knowledge of the players and the way politics is played in Washington. I fault neither one of them.

The word from the Bush conference was that McCain kept quite, sizing up the possibilities, while Obama made an ass out of himself by trying to dominate it. That may or may not be a spin.

Be that as it may, the spin doctors of both sides are gonna say what they are gonna say and the truth is a stranger in this type of power politics. Yea, it might be that Obama had a halo around his head and three wise men came in to confirm that his birth was important. But maybe not.

And it might be that McCain sat there with a leaky depend and slept through half of it. And the moon might be made of green cheese.

The reality is that with all the denial noise coming from the gang of five (Schumer, Reid, Dodd, Pelosi and Frank), it was really hard to tell what was going on with any certainty.

Never was a process so eat up with empty rhetoric and cover your arse as that whole week.

I would go with Bill Clinton's assessment over a number of other folks, especially those who are of Liberal bent who hang around conservative blogs. Clinton knows more about how it really works in Washington than almost anyone else. If he has good words for McCain, then trust me, McCain has earned them.

For those partisans who want to make John McCain into some sort of ogre, let me tell you something, if you have the ability to listen.

John McCain is a decent man. Just look at the people he hangs with and who support him. By all accounts, Joe leiberman is a decent man and a former Vice Presidential candidate for the Democratic Party. Bill Clinton has good words for him and so does Hillary. And those are the Democrats.

Yea, some of the hard core right and hard core left don't like him much. Heck, of all people in the world, I have reason to think bad of McCain. Yet John Tower, a man of great public service integrity told me that McCain would be a one of the good guys and for the most part, he has turned out to be exactly that. No more can be asked of any public servant than that they get it mostly right.

I have a problem with a very long string of Obama associates. I have a problem with Page 11 of his book Audacity. I have a problem with his inexperience in the cut throat halls of power in Washington. I have a major problem with some of his public postions on policy. But more than anything else,

I have a problem with the simple fact that Obama is so very hard to pin down; that he cultivates both sides of his mouth. It is my belief that nobody but nobody knows exactly where Obama stands on anything, except maybe the redistribution of wealth. Every other statement of position from the man has been scripted, focused grouped to death and can be interpreted five different ways.

And for some odd reason, that bothers me.

Wow! I thought I completely... (Below threshold)

Wow! I thought I completely loathed BC, but I have to give him a backslap for this one.


<a href="http://www.taxfoun... (Below threshold)

News to obama: "Barack Obama's admission that his policies would "spread the wealth around" has ignited a nationwide discussion of how progressive the tax system should be and how it should be used to redistribute income among Americans."

"The U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population."

The table also shows that the U.S. collects more household tax revenue [income plus social security taxes] from the top 10 percent of households than any other country and extracts the most from that income group relative to their share of the nation's income.
Remind me again who it is that wants to exacerbate an already unfair tax system by raising taxes to the highest earners?

The puzzling thing about th... (Below threshold)

The puzzling thing about this is why there's been so little notice taken of how the Clintons and their intimates are campaigning against Obama. It's become pretty clear that they've decided to work for the preservation of Mrs. Clinton's chances in 2012 -- the last election in which she'd be a plausible candidate for President.

Pretty evident th... (Below threshold)

Pretty evident that the Presidency is, indeed, above Obama's pay grade.

One very important issue th... (Below threshold)

One very important issue that both candidates didn't really explain much is the issue of foreign policy. I hope "CHANGE" this time wouldn't be just limited to the Economy and the health care system, but change should include changing our unethical and twisted foreign policies and treat other countries as friends, just like how Israel is our friend. I suggest that BOTH McCain and Palin go run for presidency in ISRAEL since they have proven to be more loyal to Israel than to America. They couldn't speak clearly of a solid plan for America, but they had a clear plan to support Israel blindly without a question, even if they had to go against their morals and create more enimies around the world. Even if it ment invading Syria next. We really have stretched our ethics, lately, for Israel wich made us loose our leadership in the world economically, politically and morally. Not because we have so much in common with them but because Israel succeeded in making their enimies ours. Politicians in D.C have become the "big brothers" of Israel. And that was planted by extreamist-foreign-interest lobbies in D.C (AIPAC). I suggest that BUSH, McCAIN AND PALIN should be deported to Israel and run for presidency there. PEACE=FOREIGN INTEREST LOBBIES OUT OF D.C.






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