Video: Clinton cuts ad touting Obama plan that Obama never talks about

posted at 10:01 am on August 23, 2012 by Ed Morrissey

Say, what exactly is Barack Obama’s second-term agenda, anyway?  I mean, besides saving us from the eeeeevil capitalists at Bain — except for his own Bain bundler Jonathan Lavine, who was managing director during the layoffs Obama keeps bringing up, of course.  We know that he’ll issue executive orders blocking people from putting dog carriers on the roofs of their cars, and that he wants to keep government out of the bedroom but force employers to subsidize what happens there, even the employers whose religion prevents them from doing so.   Other than that, has Obama articulated even a hint of what his second-term economic policies will be?

Apparently Bill Clinton thinks so.  He’s featured in a new Obama ad extolling the Obama second-term agenda that will somehow differ from the stagnation-producing first-term policies to deliver prosperity to the middle class:

“This election, to me, is about which candidate is more likely to return us to full employment.”  Er … yeah.  Obama has been President for nearly four years with the economic policies that have delivered chronic stagnation and low growth.  If Obama plans to continue his high-regulation, tax-increasing, and energy-strangling policies for another four years, should we expect a different outcome?  And if Obama has something else in mind, why isn’t he talking about it on the campaign trail?

Clinton asserts that Romney’s plan is to cut taxes for high-end earners.  That’s actually false.  Romney’s plan is to not raise tax rates on high-end earners and holders of capital, so that they can put their capital to work in a sensibly and predictably regulated environment.  Don’t forget that the tax “cut” Clinton claims Romney would pursue is just the act of keeping the rate the same as it has been for the last nine years.  Obama’s plan is to hike taxes on them in the middle of a recessionary/stagnating economic environment.  Even Bill Clinton knew better than to do that as President; he waited until the recovery was well established to raise top rates.

Finally, Clinton insists that deregulation created the Great Recession and the fiscal near-collapse, but the opposite is true.  The financial collapse came from an artificial housing bubble that the federal government deliberately created, and then spread its risk by having Fannie Mae and Freddie Mac securitize bad loans that they backed with the imprimatur of government.  Absent that artificial pressure, the bubble never would have existed in the first place, and we’d have had normal growth for the decade.  Clinton himself was the author of most of that mischief, but there’s enough blame to spread to Republicans and Democrats alike.

But let’s give at least one cheer to former President Clinton — at least he’s talking about economic policy, even if he’s vague and misleading.  When will the Leader of the Free World conclude his multi-city exposition on roof-riding dogs and rubbers to deign to discuss what his specific economic plans are for a second term?

Update: Instapundit reminds us of the Obama administration’s track record on “full employment”:

If that’s what Bill Clinton thinks a path to full employment looks like, he’s going to be a real problem for the Hillary 2016 campaign.

Update II: Reminds me of this moment:

The Obama team doesn’t have a plan.  They gave up on proposing any solutions almost two years ago when they rejected the Simpson-Bowles plan.


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Comment pages: 1 2

How abort the gop talk about Obama ABORTING the American economy!!!!!

PappyD61 on August 23, 2012 at 11:59 AM

“Hey Bill – I think your hooker’s double parked. Some copy’s writing a ticket…”

mojo on August 23, 2012 at 12:01 PM

A spell check that never heard of “cop”? Really?

mojo on August 23, 2012 at 12:02 PM

The financial collapse came from an artificial housing bubble that the federal government deliberately created, and then spread its risk by having Fannie Mae and Freddie Mac securitize bad loans that they backed with the imprimatur of government.

And, let’s not forget that this was entirely race-based. The democrats caused a near financial collapse to kowtow to minorities in exchange for votes.

RedCrow on August 23, 2012 at 12:04 PM

So the guy that said we shouldn’t raise taxes now is wanting us to vote for the guy that does even when Ernst and Young said it would cost 700k jobs?

Sane vs Insane is right.

Wagthatdog on August 23, 2012 at 12:04 PM

Clenis gets something right.

“This election, to me, is about which candidate is more likely to return us to full employment.”

Gunlock Bill on August 23, 2012 at 12:05 PM

The Clintons hate the Obamas with a passion greater than any other. They’ll vote for Romney.

Schadenfreude on August 23, 2012 at 12:05 PM

The democrats caused a near financial collapse to kowtow to minorities in exchange for votes.

They’d never do that! Surely votes had nothing to do with the dems compassion in assisting minorities in obtaining home ownership.

Next thing, someone’ll be saying Obama will be offering some kind of amnesty through an EO as an easy path for illegals to get citizenship just to get their votes.

hawkeye54 on August 23, 2012 at 12:11 PM

Give that man a cigar!

Bevan on August 23, 2012 at 12:11 PM

“This election, to me, is about which candidate is more likely to return us to full employment.”

Give it to Bill, he’s always for hiring more interns.

faraway on August 23, 2012 at 12:19 PM

Next thing, someone’ll be saying Obama will be offering some kind of amnesty through an EO as an easy path for illegals to get citizenship just to get their votes.

hawkeye54 on August 23, 2012 at 12:11 PM

Yeah, okay. So I’m Captain Obvious. :)

Ever read Thomas Sowell on this? The funniest part (not haha funny) is how he talks about the stats the dems were trying to “fix”: Blacks and latinos were less often approved for home loans than whites.

Sowell then points out the helpful stats which showed that whites were less often approved for home loans than folks of asian descent.

Race-based law-making by B. Frank and co. And, they’ve basically slipped through scot-free from the crisis they caused.

RedCrow on August 23, 2012 at 12:23 PM

The impressive part of this post isn’t Clinton, it’s the exchange between Geithner and Paul Ryan.

It makes it graphically clear that Obama/Geithner are quite content to just tread water on the economy, ignoring the impending fiscal tsunami.

marybel on August 23, 2012 at 12:27 PM

Race-based law-making by B. Frank and co. And, they’ve basically slipped through scot-free from the crisis they caused.

As far as I’m concerned, the government has no place playing favorites like this. As long as financial institutes are acting legally and judicially in providing loans for home ownership, and protecting their own and their investors interests, it should be hands off by any government entity.

hawkeye54 on August 23, 2012 at 12:35 PM

It was only a Republican Congress for the last six years of Clinton that saved his wrinkly backside.

SpiderMike on August 23, 2012 at 12:36 PM

hawkeye54 on August 23, 2012 at 12:35 PM

Of course this is right.

But, ya know, over 90% of what government does (Rs and Ds) is so they can be seen to be doing something!

Must justify their existence, or folks might wonder why we need them at all.

RedCrow on August 23, 2012 at 12:42 PM

Will Bush cut an ad for Romney? I cant wait..

HotAirLib on August 23, 2012 at 1:05 PM

But, ya know, over 90% of what government does (Rs and Ds) is so they can be seen to be doing something!

Must justify their existence, or folks might wonder why we need them at all.

Quite the justification for reducing the federal government significantly, and making the Pols in DC part timers with no re-election even possible, one and done terms for all, no pensions, no perks.

“An idle mind is the devils playground”. If they can’t find enough real work to do, close shop and go home.

hawkeye54 on August 23, 2012 at 1:08 PM

Say, what exactly is Barack Obama’s second-term agenda, anyway?

Getting more of what he thinks is his? Sending the little woman on more vacations? Plundering the treasury? Full out socialism?

kim roy on August 23, 2012 at 1:17 PM

It started in Chicago with ACORN and associated community groups holding sit-ins in bank lobbies claiming red-lining and demanding ability to get mortgages.

That in itself isn’t a bad thing, but in order to accommodate them banks were ‘encouraged’ (forced) to lower their lending standards.

The rest is history.

MaggiePoo on August 23, 2012 at 1:24 PM

Speaking of the other surrogate: Biden’s lies in Detroit are fisked here.
http://www.nationalreview.com/corner/314808/middle-class-joe-city-no-middle-class-henry-payne

onlineanalyst on August 23, 2012 at 1:36 PM

Bill Clinton hasn’t lost his smooth oratory; there was no trace of irony or sarcasm or deceit. After listening to that advertisement I find myself hoping that Mr Obama will win … just so I can watch in amazement and disbelief as the “Obama Plan” succeeds.

Now I’ll need to go wash my ears out.

YiZhangZhe on August 23, 2012 at 1:46 PM

“This election, to me, is about which candidate is more likely to return us to full employment.”

First, Clinton is no longer relevant
Second, with that statement he is clearly campaigning for Romney. I assume he wants a gig in the new administration.

sdbatboy on August 23, 2012 at 3:51 PM

Let’s us NOT FORGET that the only US president charged with RAPE is bill “monica-stain” clinton (and the d-cRAT socialists still claim that all women should be “thankful” for him and his party !!!!)

TeaPartyNation on August 23, 2012 at 4:18 PM

Will Bush cut an ad for Romney? I cant wait..

HotAirLib on August 23, 2012 at 1:05 PM

First comment. Which braindead moron has been resurrected?

tom daschle concerned on August 23, 2012 at 4:32 PM

“This election, to me, is about which candidate is more likely to return us to full employment.”

And this -

“It only works if there’s a strong middle class, like when I was president…..”

I have a hard time believing Clinton was anything other than ironic cloaked in sincerity.

roy_batty on August 23, 2012 at 5:27 PM

So, Obama admits total failure as president.

He’s running on Clington’s success.

Obama has no shame.

Schadenfreude on August 23, 2012 at 6:52 PM

The financial collapse came from an artificial housing bubble that the federal government deliberately created, and then spread its risk by having Fannie Mae and Freddie Mac securitize bad loans that they backed with the imprimatur of government.

And, let’s not forget that this was entirely race-based. The democrats caused a near financial collapse to kowtow to minorities in exchange for votes.

RedCrow on August 23, 2012 at 12:04 PM

The ignorance demonstrated by some people knows no bounds. Your childish understanding of the global housing bubble couldn’t conflict more with facts. I can guess what you’re thinking… who cares about facts when Rush and Glenn are there to tell you what to believe…

http://www.ritholtz.com/blog/2011/12/fbi-estimates-80-of-mortgage-fraud-involved-industry-insiders/

What’s even more amazing is your inability to recognize a clear pattern:
http://www.usnews.com/opinion/blogs/economic-intelligence/2012/07/23/libor-fraud-may-be-the-mother-of-all-bank-scandals

bayam on August 23, 2012 at 7:55 PM

If you try to comment on this video on Youtube, your comment is held until approved by the uploader…. barackobamadotcom! Free speech this ain’t.

Storybec on August 23, 2012 at 8:31 PM

Say, what exactly is Barack Obama’s second-term agenda, anyway?

beret. parrot. suspend constitution.nationalize all industry. president for life.

mittens on August 24, 2012 at 2:33 AM

Comment pages: 1 2