Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Bill Clinton: Romney Presidency Would Be 'Calamitous' Bill Clinton: Romney Presidency Would Be 'Calamitous'

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

The Trail: 2012 Presidential News from the Field / Campaign 2012

Bill Clinton: Romney Presidency Would Be 'Calamitous'

Former President Bill Clinton speaks during a campaign event for President Barack Obama at the Waldorf Astoria, Monday, June 4, 2012, in New York.(AP Photo/Carolyn Kaster)

photo of Alexandra  Jaffe
June 4, 2012

Former President Bill Clinton lambasted Mitt Romney and Republican economic policies in a speech at a fundraising event on Monday, calling a prospective Romney presidency “calamitous for our country and the world.”

Speaking at the home of hedge fund manager Marc Lasry in New York, Clinton attempted to paint a contrast between President Obama’s policies and those of Republicans. Clinton has been conducting some message triage in recent days, after Republicans made hay off his comment last week on CNN that Romney's record at Bain Capital had been "sterling."

"I think that [Obama]'s got the right economic policies and the right political approach, and I think their economics are wrongheaded and their politics are worse,” Clinton said of Republicans, according to a transcript released by the White House.

Clinton took what has most recently been the Republican tack, of tying Democratic policies to the eurozone crisis and Greece’s deep debt crisis in particular, and flipped it on its head, saying that the GOP and Romney “have adopted Europe’s economic policies.”

"Their economic policy is austerity and unemployment now, and then a long-term budget that would explode the debt when the economy recovers so the interest rates would be so high, nobody would be able to do anything,” he said, adding that GOP politics, which he characterized as “constant conflict,” are wrong.

In contrast, he said, Obama has “good policies. He's got a good record. He's made the best of a very challenging situation. He deserves to be reelected.”

Obama, too, in his remarks strove to offer a contrast between his policies and those of the Republican Party, saying that the GOP has “changed” and turned to “an absolutism” on government involvement in the economy.

“What’s changed is the Republican Party. They have gone from a preference for market-based solutions to an absolutism when it comes to the marketplace; a belief that all regulations are bad; that government has no role to play; that we shouldn’t simply be making sure that we balance the budget, we have to drastically shrink government and eliminate those commitments that have ensured a middle class had a chance to succeed and to thrive for several generations,” he said.

 

Correction: A previous version of this article misidentified the day of the fundraiser. It was Monday.

More The Trail: 2012 Presidential News from the Field
Job Board
Search Jobs
Digital and Content Manager, E4C
American Society of Civil Engineers | New York, NY
PRODUCT REVIEW ENGINEER
American Society of Civil Engineers | CA
Neighborhood Traffic Safety Services Intern
American Society of Civil Engineers | Bellevue, WA
United Technologies Research Fellow
American Society of Civil Engineers | New York, NY
Process Engineering Co-op
American Society of Civil Engineers | Conshohocken, PA
Electrical Engineer Co-op
American Society of Civil Engineers | Findlay, OH
Application Engineer/Developer INTERN - Complex Fluids
American Society of Civil Engineers | Brisbane, CA
Application Engineer - Internships CAE/CFD Metro Detroit
American Society of Civil Engineers | Livonia, MI
Chief Geoscientist
American Society of Civil Engineers
Application Engineer - Internships CAE/CFD Metro Boston
American Society of Civil Engineers | Burlington, MA
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Civil Enginering Intern - Water/Wastewater/Site-Development
American Society of Civil Engineers | Sacramento, CA
Staff Accountant
American Society of Civil Engineers | Englewood, CO
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
 
Comments
comments powered by Disqus