Former President Bill Clinton toured morning talk shows on Tuesday to discuss his new book, Back to Work, in which he proposes solutions to boost the U.S. economy.
“There’s no instantaneous fix,” Clinton said on NBC’s Today Show. But, he added in a separate appearance on MSNBC’s Morning Joe, “there’s $4 trillion in banks and corporations that could be invested here, and that would take the world out of the financial crisis.”
Clinton called for a renewed focus on high-end manufacturing, investment in green technology, and retrofitting buildings to make them more energy-efficient.
He also supports Obama’s proposals for payroll tax cuts, infrastructure bank, and his current energy and export strategies. But in his book, Clinton criticized Obama for failing to act quickly to save the economy in 2009 and for not countering the tea party’s antigovernment rhetoric in 2010 to keep the Democratic majority in the House.
“I think he’s done a better job than he’s getting credit for,” Clinton said on the Today Show. Clinton said he doesn’t think about what would have happened if his wife had been elected.