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Clinton Trotted Out to Back Tax Deal

Posted on Dec 11, 2010
Bill Clinton
AP / David J. Phillip

Former President Bill Clinton, the Democrat who brought you such miracles as welfare reform, NAFTA and “don’t ask, don’t tell,”  has jumped into the fray over the tax cut deal, adding his support to the compromise worked out by President Obama with the Republicans. “I don’t believe there is a better deal out there,” Clinton said. —JCL

The BBC:

Former US President Bill Clinton has urged Democrats to support a deal President Obama negotiated with Republicans on tax cuts.

“I don’t believe there is a better deal out there,” Mr Clinton said following a private meeting with President Obama.

Mr Obama said earlier he is confident that the tax cut deal will pass.

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By Aarky, December 13, 2010 at 8:59 pm Link to this comment
(Unregistered commenter)

The Graham-Leach-Blilley legislation basically cancelled out most all of the provisions of the Glass-Stegall Act from the 1930’s. One of the most dangerous things that it allowed was merging of banks with other financial insitutions to form conglomerates. It sounded like a more efficient way to do business, but it wasn’t clear at first how abuse could damage the economy. The stage was set for the financial debacle when the Commodities Modernization Act of 2000 was passed. The Enron lawyers(Remember them) created it and passed it off to Wendy Graham who was on their Board of Directors. She passed it off to her husband, Senator Phil Graham, who slipped it into legislation at the end of the 2000 year. One of the stipulations of that Act was that there would be no restrictions on credit default swaps, a derivitive. It also did away with a lot of the restrictions on hedge funds, so everyone got into the casino with the hope they would make lots of bucks. The next crash will be caused by the unregulated hedge funds and derivitives trading. The Republicans have refused to worry about any potential and the Democrats are still hiding under their desks after the election. It’s an old read now, but read, “What Cooked the World’s Economy”.

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By lasmog, December 13, 2010 at 1:53 pm Link to this comment

Bill and Hillary are both multi-millionaires, Wall Street loves Bill for having de-regulated the finance markets and Chelsea just married a Goldman trader.  Life is good when you’re a plutocrat.

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By bogi666, December 13, 2010 at 12:22 pm Link to this comment
(Unregistered commenter)

knute, The TSA purpose is obedience training for adults and graft and corruption The obedience training is to take dignity away because it conditions the victims to not protect themselves and/or their families. Airports were chosen because of the preponderance of white males there to be conditioned into obedience, which they have generally escaped as overt pat downs were disproportionately rendered to minority groups and/or poor areas. White males with their self professed exalted superiority in society, a delusion, are being subject to humiliation, abuse, indignities all of which are meant to demean stripping them of their dignity, although most Americans confuse dignity and substitute pride which the great spiritual and philosophical teaching have nothing good to say about pride which is a “meanness of the heart”, or “pride of pedigree” racism.

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By SarcastiCanuck, December 13, 2010 at 10:33 am Link to this comment
(Unregistered commenter)

Wasn’t Clinton the guy who let Glass-Stiegall get nuked in 1999 and light the fuse to the current mess wreaked by Wall Street.I know he is quite charming and eloquent,but why is he still given credibility when it comes to economic matters.Don’t make too much sense to me y’all.

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By eir, December 13, 2010 at 8:59 am Link to this comment

Shades of a coup d’etat?

What kind of game is Clinton really playing?  Clinton is known for taking no prisoners when it comes to political enemies:

An interesting take by The Ulsterman of this behind the scenes deal between these two adversaries

“Clinton began his remarks by stating he spends about an hour a day trying to understand this economy, so he can figure out what to do.  Clinton went on to expound upon the essentials of the agreement, and defend its implications – in essence, appearing to have far more understanding of the Obama tax compromise than Obama himself.  There were likely more than a few members of the press wondering if Obama had yet even read his own tax proposal agreement.  At the 6:35 mark, President Obama made his first attempt to cut off Bill Clinton and take back the podium.  Clinton disregarded Obama’s move, and continued to speak – somehow managing to talk over President Obama while still maintaining his instantly recognizable “aw shucks” tone of voice.  It is at that moment we note the first clearly visible anger come from President Obama.  From this point on, Bill Clinton is completely off script.  He is now effectively “running the show” – and Obama knows it.”

reporter:  “Mr. President, I get the feeling that you’re happier to be here commenting and giving advice than governing?”

Bill Clinton:  [pointedly] “Oh, I had quite a good time governing.”

Then Clinton spends about another 15 minutes alone with the White House press corps where he adresses a range of questions before ending his press conference.

There’s far more to this than this TD blurb would indicate.  The Clintons are on the move.  They are taking back the Whitehouse.

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By berniem, December 12, 2010 at 8:42 pm Link to this comment

For the life of me I can’t think of any reason why a progressive should care what Clinton thinks, supports, or whatever. Here’s the guy that gave you welfare reform, i.e. wage slaves and NAFTA. Clinton is as much a pariah in my estimation as Reagan or the Bush-whackers(alas, Barry included at this point!)I think we should restart the bidding process with a proposal to re-institute Eisenhower-era tax rates on upper incomes along with a rewriting of corporate charters to reflect social responsibility. Also, while at it, impose sanctions on corporations closing down domestic production as swell as tariffs for every off-shored job to help defer the cost unemployment costs to society. Finally, tell every alleged US based corporation that unless what they sell is made here it’s going to cost some to import it. Free market, YOUR ASS!!!

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By Alan Attlee, December 12, 2010 at 6:53 pm Link to this comment
(Unregistered commenter)

Yes, and Howard Dean maintains that all in all
the long term problem is “the deficit”.
Howard Dean gets his comments out of a can or out of somewhere else,
he says (Re: Bush-Obama Tax Giveaway Bill):
“It does nothing about this biggest long-term threat to America, which is the deficit.”
The biggest long term threat is NOT the deficit, it is the collapse of democracy into
a plutocracy where 1000 families own everything and the rest of us are told
to flip off. Howard Dean is just carrying water that
David Axelrod spilled.

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By Jim Yell, December 12, 2010 at 2:40 pm Link to this comment
(Unregistered commenter)

Does anyone NOT believe that the Democrat & Republican Party have merged and what we have is nothing but a shadow show?

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By glider, December 12, 2010 at 12:43 pm Link to this comment

The fact is the Dems have all the cards but do not want to play them.  Without action the tax cuts are going to expire.  It is a ticking clock!  How perfect is that?  If played to the hilt plenty of concessions could be achieved. 

As I have said in the past this strategy of moving to the “Center” in effect moves the whole country ever Rightward. So now we have a Dem POTUS championing a Republican Tax Cut with an Estate Tax Sweetner.  And we in effect have the New GOP Dems versus the Tea Party as our 2 party system.


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Tesla's avatar

By Tesla, December 12, 2010 at 11:06 am Link to this comment

The simple truth is that often, the best deal is NO

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socks's avatar

By socks, December 12, 2010 at 9:37 am Link to this comment

Just as a side note to these 2 brainiacs (Clinton &

Our nation was founded as an opposition to
International monopolies. Remember the East India

We founded this country so that actual breathing
humans could be free from corporate dominance, not
servants to it. Freedom, what a concept.

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socks's avatar

By socks, December 12, 2010 at 9:20 am Link to this comment

So the 2 recent Democratic Presidents think the deal
that continues sending all profits upwards to the Oligarchy is the best they could get.

Well, we are in dire need of a Federal boost to the
economy so that jobs will come back. And what they
are advocating is the very worst thing for the

But seeing as how both these guys are up to their
necks in pro-corporate/DLC nonsense, there is no
surprise. Niether one has a pro-worker/union bone in
his body.

So watching plain folks loose every thing and starve
to death on the streets is an problematic inconvenience, it isn’t the game changing motivation
either of them needs to actually change how the
economy works.

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By ArcheoAstronomer, December 12, 2010 at 7:36 am Link to this comment
(Unregistered commenter)

What is with these people?  Why are the Clintons all cozy with the Bushes and now Obama calls him in for “help”.  Bushes Clintons Obamas…the three pronged attack on freedom.

Queenie says it all - but also WACO was under CLinton too (remember Janet Reno?  remember the You Tube film of the tanks at Waco blowing huge fire into the compound and dumping poison gases into the room with mothers and babies that curled babies spines backwards before they died?)...yes, Clinton with his clown face is best forgotten and why Obama dredged him up now displays his desperation.  Obama stomped
all over the dem politicos that he forced into voting for the healthcare insurance written bill too quick to review which they did like sheep.  Dems felt betrayed by Obama and set up and blame him for the Republican tidal wave 2010.

No No..there is no difference between Obama and a Republican that I can see.  Let this Tax bill die a well deserved death.  And repeal the Patriot Act.

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By Steve E, December 12, 2010 at 5:38 am Link to this comment

A genuine dog and pony show. “If you don’t believe me ask Uncle Willy. He’ll set
you straight, you uppity disbelievers.”. Who would have imagined after the historic
inauguration of Barack Obama and all the inspiring speeches, we would have these
two Democratic presidents trying in tandem to sell us a bridge to nowhere.
Goodbye Social Security along with liberty, freedom, security and the rule of law.

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By glider, December 12, 2010 at 5:07 am Link to this comment

It is very consistent of Obama to always maintain that the problem is in the messaging and not in the message.  Personally, I am quite sure his policy sellouts are calculated and he views that problem as being best addresses by slick speeches, propaganda, and a big smile.

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By keepyourheaddown, December 12, 2010 at 3:46 am Link to this comment

Clinton trotted out to wipe the stain from Obama’s dress!
Two Pathetic losers…

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thebeerdoctor's avatar

By thebeerdoctor, December 12, 2010 at 3:33 am Link to this comment

Perception is sometimes a very strange thing. Time was when it seemed that there was a difference between Obama and Clinton. Back during that election which pitted Madame Secretary against the skinny one from Chicago, providing glorious pageantry for the electronic media, which circulated the idea that Mr. Audacity and Hope was the real enchilada: not!
There was a movement afoot, it turns out, to re-brand the more disastrous elements of the Bush letterhead on the Empire. Combine that with the maladjusted reality bubbling neath the surface from all the racist disenfranchisement since reconstruction, and the notion was floated out there that maybe, just maybe, it was time to have a brown skin man in the Oval Office.
It was startling to those who never stood next to a black person (if they could help it) to realize that Mr. Hope and Change with the Islamic sounding name, actually defeated John McCain. It was indeed historic alright, like Hattie McDaniels accepting her Oscar, for playing a maid in Gone With The Wind.
The professional liberals, that is, those live and let live folks with at least a bit of money, started to believe their own hype about BHO, even if his actions contradicted everything he once claimed. As soon as that feeble foy began to fall apart, then in desperation there was a collective switch to the “take or leave it” “it’s as good as it gets” mode, hence, it’s time to trot out Big Bill.
Hope? I guess it all depends on how you define the word.

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By reynolds, December 12, 2010 at 2:49 am Link to this comment

the proverbial strange bedfellows. an unfortunate
choreography, ill conceived.
that clinton is trotted out as the statesman says
much about a people who would so pose him.
as bad as are his alleged crimes, his shameless
equivocation in answering the charges marked a low
point in realpolitik. all the while swigging from a
can of soda, he might as well have taunted the
audience as though jerry springer had seated them.
not presidential. and the other one, the real one,
late for dinner. don’t let me keep you.
i remember when some folks despaired of a possibly
less formal whitehouse when the carters moved in.

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Queenie's avatar

By Queenie, December 12, 2010 at 12:40 am Link to this comment

Our government wants us sick and they want us stupid. They cozy up to us during campaigns but consider us a necessary evil that they poison with carcinogens while they cut head start programs and make higher learning out of the reach for most working families unless they take out loans that will cause indentured servitude.

They take away our jobs with NAFTA like schemes - outsourcing the future for our children and grandchildren so that they become, in essence, slaves to the fascist state.

They poison us with weed killers, treated wood, genetically fucked up food and on and on, and when we become sick we are mis-diagnosed, under treated or cheaply treated, denied care unless we can pay exorbitant insurance bills month after month after month.

They take away the few pleasures we may find in Nature by destroying the environment and wildlife. No value is placed on anything they cannot profit from.

We are left sick and stupid in a bleak landscape and those who caused it - the fucking Clintons,Bushs, and Obamas celebrate yet again when vast amounts of our tax dollars are siphoned off to the super rich.

And the endless war continues - doesn’t matter where, just pick a place, and millions are killed, maimed, poisoned, starved, tortured, made homeless and commit suicide.

And this has been the plan all along. To reduce us to a mass of helpless, sick and stupid souls who ask, “Please, sir, may I have more?”

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By bEHOLD_tHE_mATRIX, December 11, 2010 at 11:19 pm Link to this comment
(Unregistered commenter)

Bernanke, Geitner, Summers and now Clinton…. didn’t
all these rats play a major role in getting the whole
world in the economic mess it is now in?  In a business
environment the results of their actions would have
resulted in their taking a quick trip out the front
door.  In the Obama administration, however, they are
now the gurus and policy drivers.  To doubt oligarchical control of our current 1600 Pennsylvania
Ave. resident is to risk institutionalization for
delusional psychosis.

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By glider, December 11, 2010 at 10:34 pm Link to this comment

Except that “No Deal” is better is than “This Deal”.

Let the Bush Tax Cuts expire.

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By TheHandyman, December 11, 2010 at 9:29 pm Link to this comment

So, President Obysmal calls on Mr Bill I never had sex with that woman Clinton to tell us he has never seen a better bill. That is what he said about the repeal of Glass/Steagley which started the problem we are now in. He apologized for that profusely just as he apologized profusely for the Monica lie and after this thing passes and things get worse Bill will apologize profusely once again. One of my mentors told me that saying “I’m Sorry” in just an indication that the person will do it again. That is how it is. We learn as children that people will trust you almost immediately if you say you are sorry. Well Bill, hate to tell you this, but when one big fat liar calls in another big fat liar to tell me something I really know that they are lying! So go have sex with yourslef, or Hillary, it is about the same!

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By rollzone, December 11, 2010 at 8:08 pm Link to this comment

hello. when Whitewater Bill speaks, evil is
happening. there is an automatic cost of living
increase annually for social security recipients. it
is what everyone agreed to. politicians are siphoning
off these monies for themselves. it is difficult
living on social security, and without a cost of
living increase by this time next year, it will be
impossibly frugal. gasoline and all utilities and
food prices continue to rise, and senior citizens and
disabled peoples are lying down, and allowing
politicians to steal their cost of living increase
again. spending is the problem, and stealing it from
peoples on social security is cruel. smiling Bubba
knows seniors hate them, so stick it to the seniors
while they can. theft as usual, and porkulus galore.

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By Druthers, December 11, 2010 at 7:49 pm Link to this comment

More of that “broad bipartisan support” and we might all just as well slit our throats.

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By Heather, December 11, 2010 at 6:51 pm Link to this comment
(Unregistered commenter)

Bill Clinton is a great negotiator who still has an overwhelming influence in the Democratic Party so may be his involvment will persuade some Democrats to vote for the tax cut plan.

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By Lincoln, December 11, 2010 at 4:57 pm Link to this comment
(Unregistered commenter)

How do we know Clinton isn’t lobbying for someone like Goldman Sachs or China.  He isn’t sworn into office and it wasn’t to distant in the past that he was lobbying for Dubai Ports World and claimed it was a grand idea to turn 21 US major seaports over to them.

If these two agree with Bush’s tax cuts for the rich, which is a continuation of Ronnie Raygun’s trickle down, then this really isn’t bipartisanship, rather just one big party representing the top 2%.

We all, also know Bill is pretty good at looking into the camera and lying about what is, is.

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By heavyrunner, December 11, 2010 at 4:39 pm Link to this comment

The Democrats seem determined to force their base to the Green Party.

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By samosamo, December 11, 2010 at 4:20 pm Link to this comment


Look out, slick willie is on the loose, if you
choose to believe him. Somehow this farce of a
person of note just keeps showing up at what he
and some others think are the right time. Such as
his being able to convince the people the rich
need the extended tax cuts and even more tax
cuts. Certainly it is a move to promote her
hindass, hillbillie hillary as president either in
2012 or 2016 because he is bound and
determined to get back in the white house no
matter what.

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By Bobi6, December 11, 2010 at 4:15 pm Link to this comment
(Unregistered commenter)

When I saw Clinton making his pitch I thought why would any intelligent
person listen to him about the economy. He was the one who appointed
Larry Summers as Sec of the Treasury but probably worst of all was Robert
Rubin his first head of Treasury. It’s been downhill from there and hasn’t
stopped yet. Clinton was bamboozled by these three and signed the bill to
eliminate some of the best regulatory laws we had for 50 years. Since then
Wall Street can legally steal and invent financial packages no one
understands. Interest rates which were once considered usury are now the
norm. No, Clinton is not a good choice to spread the word, At least
Clinton didn’t march us to war.

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By frecklefever, December 11, 2010 at 3:50 pm Link to this comment


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By squeaky jones, December 11, 2010 at 3:44 pm Link to this comment
(Unregistered commenter)

Clinton what a asshole! “I don’t believe their is a better deal out there.” I do, when your war criminal ass, with the Bush family war criminals, along with Obama the war criminal are ship off to a prison where ya can spend time being shackled to a stone wall! The only way to get these assholes attention is when ya hit them where it hurts, in their wallet, public emmbarassment, or a trip to Devils Island!

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By G.Anderson, December 11, 2010 at 3:21 pm Link to this comment

This is a sure sign that Mr. Obama’s presidency is at risk.

When ever the plutocracy, is desperate to manipulate the people, they trot out Bill Clinton.

What’s not surprising is that Mr. Clinton appears, just now. But that people still believe in him. Still believe that what he says isn’t just a pack of lies.

Mr. Clinton, and Mr. Obama share one thing in common, they are practised in seduction. This is one of the tools of their trade. President Obama seduced a nation, Mr. Clinton… well you know the rest…

When Clinton starts getting booed off the stage then you will know one of two things. Either there is hope for this country or the end is near.

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Queenie's avatar

By Queenie, December 11, 2010 at 3:14 pm Link to this comment

This is the face of the enemy. Corporate/fascist bastard. Neo-liberal whore. Murderer of children.

When asked about the sanctions on Iraq and the fact that it had the effect of killing 500,000 children,(more than died in Hiroshima) and didn’t she think the price was too high, Clinton’s Sec. of State, Madeline Albright, disagreed. She thought the price was worth it.

Clinton’s place in Hell is guaranteed.

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By knute, December 11, 2010 at 3:08 pm Link to this comment
(Unregistered commenter)

Don’t believe there IS a better deal out there….?  Well I suppose that depends on what is, is dosen’t it Bill. What should be apparent IS that Bill was a dutiful enabler of the economic mess we find ourselves in. What also IS apparent, is that Obama couldn’t care less about the middle class in his so-called “compromise” with the repug.s. It’s looking more and more like Obama was a plant by the same power brokers who have been in control for a long time. A mole to help dismantle the last remains of a people’s democracy. Isn’t his first pronouncement to not look backwards and hold any of the criminality of the former administration one hell of an indication of his marching orders given him behind closed doors ? Look who’s advice he has taken in regards to the Wall St. rip off and how much that addressed the plight of millions of americans losing their homes and savings to the greed of the banking & mortgage lenders, look at his escalation of the war machinery in Afghanistan despite no clear reason for us to still be there, another Vietnam redux draining billions away from our real priorities here at home, his refusal to push for a single payer option in the Health Care sham, something that quarentees even higher profits for the very industry that has profitted over the years by doing all they can to not fulfill their mandate to those they insure. Look at his not only keeping Quantanimo operational but ramping up the Homeland security BS at our airports despite the fact that the only people being subjected to it are americans travelling domestically ( incidentally the xray machinery that was pushed for by Bush’s homeland security chief who profitted handsomely in those contracts so quickly signed ) ...On & on, he appears to be doing exactly what is demanded of him to continue the class warfare on the middle class of America that has been in high gear since saint Reagan. I am more pissed off by a man who lied to me, making me believe he was going to do something to correct this friggin mess the repug.s left us in, and then doing everything to enable it to continue.

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