Video: We’re in a recession and should extend the Bush tax cuts for the rich, says … Bill Clinton

posted at 8:01 pm on June 5, 2012 by Allahpundit

Via Mediaite. In case you’re keeping score, here’s where the Democratic brain trust is on tax cuts. The White House wants them extended for those making less than $250,000 per year; Nancy Pelosi wants them extended for those making less than $1 million per year (yes, even Pelosi is more concerned about small businesses than O is); and now O’s Democratic predecessor is calling for a new temporary across-the-board extension to maximize the country’s chances at growth.

No wonder Team Romney has a Clinton fan page up on their site. Good lord:

“They will probably have to put everything off until early next year,” he added. “That’s probably the best thing to do right now. But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people, and I don’t think the president should do that.”

However, Clinton did say that Congress would be best off agreeing, at least for the time being, to extend all the tax cuts that are set to expire at the end of the year, including the so-called Bush tax cuts named after Clinton’s successor, George W. Bush…

“They’re still pretty low, the government spending levels. But I think they look high because there’s a recession,” he said. “So the taxes look lower than they really would be if we had two and half or 3 percent growth and spending is higher than it would be if we had two and a half or 3 percent growth, because there are so many people getting food stamps, so many people getting unemployment, so many people on Medicaid.”

“There’s a recession” is a soundbite that’s going to make many a Romney ad-man very, very happy. Even so, I agree with National Journal that, in his own way, Clinton’s actually helping Obama out by backing a full extension of the cuts. If The One’s lucky enough to win in the fall, he’s almost certainly going to have to bite the bullet next year and agree to another extension, not only as a condition of compromise with the GOP but in order to keep as much capital available to the economy for a recovery as possible. Clinton’s making that easier for him by lending his imprimatur to the compromise. NJ:

[I]f the last three months of tepid job growth are not an aberration, but a sign the economy is heading toward contraction, then extending the tax cuts may be the only strategy that the two parties can agree on as a means of economic stimulus.

If so, then Clinton was doing what House Minority Leader Nancy Pelosi did recently when she redefined those who qualify for “middle class” tax cuts as Americans making up to $999,999 a year.

Both Clinton and Pelosi are signaling to the voters that the Democrats, at least, are not going to hold American families hostage to party shibboleths.

Clinton and Pelosi are also sending signals to their party’s liberal base. Grand bargains require compromise. Obama will find it easier to sell a deal if the party’s other leaders have plowed the ground for him.

Yep. Now all we need is an explanation for the rhetorical groin-punch of calling this a “recession” and we’ll be all set. Exit question: Was this soundbite from last night’s fundraiser an intentional dig at Obama or not? Nothing’s innocent when it comes to Clinton, I guess.


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Ha. Thx Billy, bet Obama is lovin’ you these last couple weeks.

WeekendAtBernankes on June 5, 2012 at 8:02 PM

Hmmm…Maybe Big Willie really is a–gulp!–Centrist.

:)

Ladysmith CulchaVulcha on June 5, 2012 at 8:05 PM

Sweet justice to see the media lickspittles attempting to reconcile their past love for Clinton with the current dog-eating paramour. What’s a jackbooted little leftist to do when they see a past favorite bumping heads with their new guy?

Bishop on June 5, 2012 at 8:06 PM

Romney
Billy Jeff
2012

MisterElephant on June 5, 2012 at 8:06 PM

Thanks, BJ…

OmahaConservative on June 5, 2012 at 8:07 PM

Hmmm…Maybe Big Willie really is a–gulp!–Centrist.

:)

Ladysmith CulchaVulcha on June 5, 2012 at 8:05 PM

Nope, just a politician.

Clinton doesn’t actually believe in anything except staying in power.

That is why he’s a pragmatist unlike Obama.

tetriskid on June 5, 2012 at 8:08 PM

I agree with National Journal that, in his own way, Clinton’s actually helping Obama out by backing a full extension of the cuts. If The One’s lucky enough to win in the fall…

Wouldn’t that help Barry more if Billy Jeff dropped that line sometime after, say, November 5th? Saying it now most certainly does not help Barry now until election day. Thanks Billy Jeff.

rcpjr on June 5, 2012 at 8:09 PM

I’m convinced Clinton wants to known as the most successful post WWII president. Subtle undercuts at The Whine will undercut his reelection. Bill wants a one termed.

rbj on June 5, 2012 at 8:10 PM

Bill Clinton really wants Barack Obama to lose, doesn’t he? How much longer until he switches his party registration in protest?

JohnGalt23 on June 5, 2012 at 8:13 PM

Pivot right!

Momma on June 5, 2012 at 8:16 PM

This man should be in prison for Treason.

lilium479 on June 5, 2012 at 8:16 PM

Multitasking.

Bmore on June 5, 2012 at 8:19 PM

billy jeff is going to wake up not with some intern in his bed but a horse’s head

Aggie95 on June 5, 2012 at 8:20 PM

I think WJC is positioning himself to run in 2016!

cynccook on June 5, 2012 at 8:21 PM

Nope, just a politician.

Clinton doesn’t actually believe in anything except staying in power.

That is why he’s a pragmatist unlike Obama.

tetriskid on June 5, 2012 at 8:08 PM

Mayhaps. But it’s more fun to imagine Big Willie waging Jihad on The One’s reelection in rageful retaliation for Hillary’s 2008 electoral defeat. And yes, I was a fan of “Peyton Place”.

:)

Ladysmith CulchaVulcha on June 5, 2012 at 8:23 PM

Hell hath no fury like a would-be dynasty scorned.

Lawdawg86 on June 5, 2012 at 8:25 PM

I’m convinced Clinton wants to known as the most successful post WWII president. Subtle undercuts at The Whine will undercut his reelection. Bill wants a one termed.

rbj on June 5, 2012 at 8:10 PM

So let me get this straight: A butthole who couldn’t win 50% of the vote,,, man get that stupid sh!t outta here.
Mediocre President as well.

Lanceman on June 5, 2012 at 8:27 PM

I think WJC is positioning himself to run in 2016!

cynccook on June 5, 2012 at 8:21 PM

Can’t serve more than two terms, but he’s definitely voting for Romney.

msupertas on June 5, 2012 at 8:27 PM

Watching Obama getting thrown under the bus is delicious.

CTSherman on June 5, 2012 at 8:28 PM

Krauthammer called Clinton a double agent.

Wigglesworth on June 5, 2012 at 8:28 PM

It’s a trap.

JPeterman on June 5, 2012 at 8:30 PM

Can’t serve more than two terms, but he’s definitely voting for Romney.

msupertas on June 5, 2012 at 8:27 PM

Tell that to Michael Bloomberg….

cynccook on June 5, 2012 at 8:31 PM

Eomney has an exemplary business record
The Bush tax rates should be extended across the board.

Spin it as positive as you like but BJ’s not a fan of Barky…

CorporatePiggy on June 5, 2012 at 8:34 PM

Slick Willie and his wife pray that Obama loses. They will never forgive the punk for cutting Hillary off, never.

Schadenfreude on June 5, 2012 at 8:36 PM

Clinton wants to save the Party from Obama.

/Obama’s a lock!

Mord on June 5, 2012 at 8:36 PM

Krauthammer called Clinton a double agent.

Wigglesworth on June 5, 2012 at 8:28 PM

Secret Agent Man.

GrannyDee on June 5, 2012 at 8:37 PM

It could be so the country won’t be wrecked beyond recognition when Hillary runs… or because after 8 years of Romney when she runs– things should be on a good track and she can wreck things up again…

But I think it is actually bigger than that.

I think he is really unhappy with how Communist the Democrat Party has become, and aside from Obama taking over his party… as a personal loss of power… I think he thinks the Democrat Party will not be viable, maybe the entire America he knows won’t be viable if Obama wins a second term.

Just like us. Clinton can see that we are headed off a cliff and there are few people who have the skills that are needed right now.

I just hope it isn’t too late for Romney to fix this. I’m betting Clinton is too.

I don’t think Clinton is a Commie. I think he is actually an old fashioned Democrat who believes in big government but only to a point and knows it can be too big.

Clinton was pretty good to business in his day, and the business of America is business.

petunia on June 5, 2012 at 8:38 PM

I’d like to see Billy-Bob go far away and take his lovely wife with him.

Even when I agree with him.

TimBuk3 on June 5, 2012 at 8:42 PM

Dick Morris…yeah I know, said last night that BJ told some friends that we have six months to save the country…

d1carter on June 5, 2012 at 8:46 PM

Clinton was pretty good to business in his day, and the business of America is business.

petunia on June 5, 2012 at 8:38 PM

I used to think the same thing about Clinton. I watched a really creepy documentary (if you can call it that, I take it with a big grain of salt)about those two today. Apparently, they knew a lot of people who committed suicide by shooting themselves in the head just before they are supposed to testify before grand juries.

Clinton is just a good politician, not a good man. Obama doesn’t even have that first quality.

Mord on June 5, 2012 at 8:48 PM

billy jeff is going to wake up not with some intern in his bed but a horse’s head

Aggie95 on June 5, 2012 at 8:20 PM

Nah – more likely a dog’s head. Leftovers, you know!

honsy on June 5, 2012 at 8:55 PM

Wouldn’t that help Barry BASTAHHHH !!! YOU DA MANN BAMMY BABYY !! LOVE YA ABARRY OL BUDDY OL APLL!!! YAHHH!hh!!!!.

rr on June 12 at 09 PM

cableguy615 on June 5, 2012 at 8:56 PM

See Clinton was a PRAGMATIC PROGRESSIVE, not an America loathing Socialist Marxist.

Yeah, yeah, we know about the blue dress, the bit lip, and some of the shenanigans, but with a gop in charge of the purse strings and a womanizing pre-occupied Pragmatist in the White House those were productive years for the U.S.A.

Now, you look back to ANYTHING before January 20, 2009 with fondness the DOTUS is THAT bad.

PappyD61 on June 5, 2012 at 8:57 PM

Dick Morris…yeah I know, said last night that BJ told some friends that we have six months to save the country…

d1carter on June 5, 2012 at 8:46 PM

How do you save a country that can’t save?

Varchild on June 5, 2012 at 8:57 PM

Slick Willie and his wife pray that Obama loses. They will never forgive the punk for cutting Hillary off, never.

Schadenfreude on June 5, 2012 at 8:36 PM

POWER is the altar that the Clintons worship at…..

……and when you deprive a Progressive of access to that Power?

it’s like a Meth addict having to go cold turkey.

The Clintons hold grudges and this is no favor to Obama, but to Hillary 2016.

PappyD61 on June 5, 2012 at 9:01 PM

BJ’s RICH!

KOOLAID2 on June 5, 2012 at 9:01 PM

Apparently, they knew a lot of people who committed suicide by shooting themselves in the head just before they are supposed to testify before grand juries.

Mord on June 5, 2012 at 8:48 PM

Yes. Some of them managed to pull off the impressive trick of double tapping themselves in the back of the head.

Others like Susan McDougall gratefully accepted jail sentences for contempt of court rather than testify.

Back in the day, being a ‘friend of BJ’ was a very dangerous position.

CorporatePiggy on June 5, 2012 at 9:15 PM

I think WJC is positioning himself to run in 2016!

cynccook on June 5, 2012 at 8:21 PM

I’m thinking he’s plowing the ground for Hillary in 2012:-)

bluefox on June 5, 2012 at 9:17 PM

Very amusing to watch Big Dawg throwing banana peels down for Choombama to slip on …..LOL

Green eyed Lady on June 5, 2012 at 9:25 PM

Billy Jeff wants Teh Won to be one term.

wildcat72 on June 5, 2012 at 9:30 PM

I disagree the BUSH tax cuts should not be extended. They should be made permanent. Congress has for years kicked the can down the road. The reason the economy SUX is that people do not know what to expect. If one had to help the recovery he must show people that the future is predictable.

TomLawler on June 5, 2012 at 9:43 PM

Romney
Billy Jeff
2012

MisterElephant on June 5, 2012 at 8:06 PM

You owe me a keyboard and all that…

Buy Danish on June 5, 2012 at 9:56 PM

Wouldn’t that help Barry more if Billy Jeff dropped that line sometime after, say, November 5th? Saying it now most certainly does not help Barry now until election day. Thanks Billy Jeff.

rcpjr on June 5, 2012 at 8:09 PM

But it will help because the markets will go waaaay back up and a renewed sense of optimism will imbue the American people (or more precisely, likely voters). O will claim his 21st century programs modeled after T.R., FDR, Lincoln, Kennedy, Reagan and Jesus Christ are working at long last, that it would be calamitous to change horses in midstream, ba da bing, blah blah blah.

Buy Danish on June 5, 2012 at 10:05 PM

Payback time Barack. He is sabotaging Obama…

Republican Yogi on June 5, 2012 at 10:18 PM

Wait a minute, Bill Clinton just went fiscal con. You know our Country is boned if Bill Clinton is laying it on the line…

cajun carrot on June 5, 2012 at 10:25 PM

No one I know ever accused him of being stupid… wise? Hmm nope, not that either.

Ugly on June 5, 2012 at 10:34 PM

Wait a minute, Bill Clinton just went fiscal con. You know our Country is boned if Bill Clinton is laying it on the line…

cajun carrot on June 5, 2012 at 10:25 PM

And you REALLY know we’re boned when an adulterous weasel was the last one who knew jack squat about running a prosperous economy.

Very amusing to watch Big Dawg throwing banana peels down for Choombama to slip on …..LOL

Green eyed Lady on June 5, 2012 at 9:25 PM

Yep. Or in Obummer’s case, watermelon rinds. X-p

MelonCollie on June 5, 2012 at 10:44 PM

Looks like Obama is ceding the podium to Clinton again. Who is the President anyway? It surely doesn’t seem to be Obama.

ss396 on June 5, 2012 at 11:51 PM

Not quite what Clinton said.

http://www.businessinsider.com/bill-clinton-on-the-bush-tax-cuts-2012-6

bayam on June 6, 2012 at 12:58 AM

If The One’s lucky enough to win in the fall, he’s almost certainly going to have to bite the bullet next year and agree to another extension, not only as a condition of compromise with the GOP but in order to keep as much capital available to the economy for a recovery as possible.

Ok, is there any reason to continue with the delusion that Obama *wants* a recovery? With all evidence to the contrary? FFS, stop it already.

Midas on June 6, 2012 at 1:04 AM

Yep. Or in Obummer’s case, watermelon rinds. X-p

MelonCollie on June 5, 2012 at 10:44 PM

just. wow…

Ladysmith CulchaVulcha on June 6, 2012 at 1:19 AM

The only thing rich here is the desperation!

kirkill on June 6, 2012 at 1:22 AM

The Clintons have been waiting four years to stick it to Obama. *popcorn*

evergreen on June 6, 2012 at 2:18 AM

We’re in a recession and should extend the Bush tax cuts for the rich, says … Bill Clinton

Bill Clinton really wants Barack Obama to lose, doesn’t he? How much longer until he switches his party registration in protest?
JohnGalt23 on June 5, 2012 at 8:13 PM

But But Leftist Obama wants to be THE WON to pick the winners (looters and takers) and losers(hard working taxpayers)

BigSven on June 6, 2012 at 3:09 AM

Are the Clintons abandoning Obama before the election so that Hillary can run against Romney in 2116? It sure looks like it.

Dollayo on June 6, 2012 at 4:37 AM

Are the Clintons abandoning Obama before the election so that Hillary can run against Romney in 2116? It sure looks like it.

Dollayo on June 6, 2012 at 4:37 AM

The good news is, by 2116 she won’t look any worse than she does now.

SKYFOX on June 6, 2012 at 5:55 AM

Bill and Hillary are thinking long term and don’t want to part of the failure of Obama’s economy.

albill on June 6, 2012 at 7:01 AM

Ah, President Clinton… weren’t you the man who told Obama just how popular he would be if he pushed Obamacare through Congress?

Barry should never, ever, have made peace with the Clintons.

Those knife wounds in the back aren’t coming from Republicans, and I’m kinda guessing that Hillary and Bill are starting to put together their own ‘purge’ list for the Democratic Party. That means going against their ‘friends’ in Chitown. The Clintons have never been all that good to their ‘friends’ and they don’t get the under-bus treatment, but the ‘no one will ever hear from you again’ treatment.

Bill Clinton has been setting Barry up ever since he got the super-delegates to put him in the nominee’s ring, thus negating Hillary’s winning vote totals coming into the convention. Of course he is glad to help Obama.

As they say in the suppository business: With friends like these, who needs enemas?

ajacksonian on June 6, 2012 at 7:10 AM

Obamney 2012! The choice is yours, but it makes no difference!

dom89031 on June 6, 2012 at 8:21 AM

just. wow…

Ladysmith CulchaVulcha on June 6, 2012 at 1:19 AM

I see another one-shot poster from the last open registration has chimed in…

So sorry if it offends your delicate sensibilities, Miss Vulture, but after what he’s done a few references to stereotypes is the MILDEST of what Obama deserves.

MelonCollie on June 6, 2012 at 11:10 AM

IMHO – The RATES need to be extended for as long as it takes for the bunch in DC to “pull a Reagan” and rewrite the code. Broaden the base, lower the rates, and remove the loopholes – and make it extremely difficult to make any changes. The code is used by the left and the right as a tool to “win friends and influence people”. Wanna talk about fair – there it is! Oh, and we can certainly have the debate – tax income vs. tax consumption. But that’s gotta be one or the other, not both.

mel23059 on June 6, 2012 at 1:16 PM

How can Clinton can claim that federal spending is “still pretty low?” Annual federal spending of about $3.7 trillion represents roughly 25 percent of the $15 trillion gross domestic product (GDP). Since World War II, federal spending has generally been near or below 20 percent of GDP. Under Obama it has zoomed to 25 percent.

Colony14 on June 6, 2012 at 2:57 PM

This picture says it all!

Akzed on June 6, 2012 at 3:11 PM