Bill Clinton: No president could have "magically" fixed economy in one term

cbsnews.com ^

[Sub-Driver]

Bill Clinton: No president could have "magically" fixed economy in one term

By Leigh Ann Caldwell

Last Updated 10:12 a.m. ET (CBS News) Former President Bill Clinton offered a strong defense for President Obama's re-election Sunday morning, arguing that no president could have "fully healed" the economy in four years.

"That's why we've got to keep working at it," Mr. Clinton said on "Face the Nation."

The president's efforts, Mr. Clinton argued, have reversed the downward spiral of losing up to 800,000 jobs per month. "His jobs record is better" than the Bush administration's, he said, adding that no president could have "magically" returned the country back to full employment in just one term.

The former president, who is hosting his annual Clinton Global Initiative conference beginning Sunday, said that the Republicans "militant anti-government" approach will not benefit the economy.

There is "no evidence" that Mitt Romney's "militant anti-government approach will work," Mr. Clinton said. He added that President Obama's "balanced" economic proposal of investment, revenue increases and a spending reduction plan is "more likely to produce broad-based prosperity than Romney's."

Mr. Clinton weighed in on the debate over Romney's taxes, saying the latest release of his tax returns don't tell the entire story.

"It'd be interesting to see how the ordinary income years were treated," Mr. Clinton said. "We're not going to be able to see that."

[rollo tomasi]

Presidents and members of Congress get out of the way in order to fix economies, not micro-manage individuals. Minor exceptions would be the Servicemen’s Readjustment Act/GI Bill of Rights post WWII but even then, regulations were curbed and many programs only temporary until wise decisions were made by individuals in the private sector who fought their tail off in WWII.

[driftless2]

I’ll bet if you got out the blowtorch, The Slickster would admit that he thinks Obama is the dumbest b.....d he’s ever seen. I sincerely doubt Clinton believes Obama is the least bit capable. He’s lying to protect the Clinton ahem good name in Dem circles.

[snarkytart]

This is Obama’s excuse. This is all Mitt Romney needs to say “Well, you’re going in the wrong direction and making things worst, and you don’t seem to get it.”
More debt and higher taxes are not going to solve anything.

[AlphaOneAlpha]

“The One” has been graded on a curve his entire life and they want him to be graded on a curve again.

[vpintheak]

Hmm. But anyone else could have made it better and not so much worse.

[DennisR]

“...no president could have ‘fully healed’ the economy in four years...”

This coming from a guy who watched Obama campaign as “The Messiah”? The earth would heal, the oceans would stop rising, he would pay off half the deficit. You know, the guy who thought he could work miracles?

Democrats are unbelievably deluded and hypocritical.

[<1/1,000,000th%]

Silent Cal and Reagan.

Good call!

[GeronL]

Reagan did it

[upchuck]

Bill Clinton: No president could have "magically" fixed economy in one term

Once again Bill Clinton proves he has no clue about reality.

Reality? Here's reality:

It was Obama who said, "If I don't have this done in three years, then there's going to be a one term proposition."

That's a promise we need to make sure he keeps.

[TheGipperWasRight]

That’s fine to claim it takes more than 4 years now, but that’s not what we were told when Obama was elected. Even he promised a turnaround or it would be a “one-term proposition.” Unemployment hasn’t improved. The national debt has skyrocketed. There are more people on food stamps now than ever before. The Federal Reserve is funding the bulk of this as not many people want to buy our debt anymore.

I am still in shock that he could be elected in the first place. The fact that enough people looked at Obama and McCain, and thought Obama would be better is something far worse than Obama himself.

[E. Pluribus Unum]

Hey, Bill! How's that Monica thing working out for ya?

[tumblindice]

[onedoug]

“I’ve got four years,” the new president told Lauer then. “A year from now I think people are going to see that we’re starting to make some progress, but there’s going to be some pain out there. If I don’t have this done in three years, than this is going to be a one-term proposition.”

[blueunicorn6]

Maybe Clinton was taking a shot at Obama. Who was it that said Obama was “magic”?

[dhs12345]

But promising that you can will get you elected... as Obama did. A politician's promise and lies and Obama is no different. So much for Hope and Change.

[tumblindice]

http://tvtropes.org/pmwiki/pmwiki.php/Main/MagicalNegro

If Romney had said this, the MSM would be all over him.

[dhs12345]

Ya. “Debt? What debt?” Is the answer when Democrats are asked along with a deer in the headlights look. Amusing and tragic at the same time.

Of course, their sound bite answer is: “tax the rich. That’ll fix the problem.”

[GRRRRR]

Now the bent one tells us...

[gotribe]

Slick Willy you blue dress masturbator - here’s the way I remember it:

The market fell 1500 points just after obama’s election. I was able to recoup 16% through December in my portfolio.

Then the attacks began.

First came the banks. In January Obama’s incoming administration officials were talking nationalization. Bank stocks collapsed.

Then came the energy companies. Obama himself started chastise the oil companies, appeasing the green companies (little did we know where our money was going). Oil company stocks collapsed.

Then came the healthcare companies. Obamacare front and center by mid-February. Healthcare and pharmaceuticals stocks collapsed.

What went up in the wake of his election? Government debt of course. How coincidental.

[maxwellsmart_agent]

Ronald Reagan did!!!