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Title: (Laugh of the Day) Clinton Advisers: Boss Supports Tax Cuts Because He's Old and Senile
Source: Townhall.com
URL Source: http://townhall.com/tipsheet/katehi ... uts_because_hes_old_and_senile
Published: Jun 9, 2012
Author: Kate Hicks
Post Date: 2012-06-09 08:27:51 by CZ82
Keywords: None
Views: 1671
Comments: 3

Clinton Advisers: Boss Supports Tax Cuts Because He's Old and Senile

Kate Hicks Web Editor, Townhall.com

Explanations of Bill Clinton's very candid endorsement of the Bush tax cuts and Mitt Romney's record at Bain Capital have run rampant. Some have even said he's hoping for a Romney win to pave the way for a Hillary candidacy in 2016. But the former president's aides have a simple, if cold, reason for their boss' remarks: he's too old to hold his tongue.

The genuine explanation, say people close to Clinton, is the same one that usually is the case: He was simply saying what he really thought, but in fuzzy, free-associating language almost guaranteed to produce controversy.

This was a habit that Clinton usually learned to control as president. But the circumstances now are much different.

Clinton, say associates, while mentally sharp, is older and a step off his political game, less attuned to the need for clarity and message-discipline during interviews.

“He’s 65 years old,” said one adviser, explaining how Clinton in a CNBC interview managed to say that the economy was in recession when it is not.

Harsh. Of course, it's a ridiculous argument to make: Romney himself is 65, and Hillary will be 65 just before the 2012 election. Indeed, just weeks ago, Clinton was seen as an elder statesman of the Democratic Party, a popular figure upon whom President Obama relied to help build support for his own initiatives. One off-message speech, and suddenly he's senile?

Likely not. Instead, Ed Morrissey at Hot Air speculates that Clinton's team is feeling significant pressure from Obama's camp. The current POTUS doesn't want to run on his record, as POTUS-emeritus suggested; thus, they're trying to write off Clinton's remarks as the innocuous ramblings of a man who's reached that certain age.

Team Obama must be exerting a whole lot of pressure to get a full recantation from Clinton and his camp, mainly for speaking the truth. Most people in the US do feel that we are in a recession, or at least a recessionary environment, and Mitt Romney did have a sterling business career at Bain Capital. The problem for Obama is that his campaign can’t handle those truths, literally, as they have to pretend that the economy is rosy and that Romney is an eeeeeeevil vampire capitalist in order to win, rather than defend their own record and agenda as Clinton suggested last week.

Like Ed, I believe Clinton's support for Obama is genuine; any perceived criticism on Clinton's part is recognition of what makes a good campaign. And a good campaign is one that doesn't always, always, always go negative, a move that leads the public to beleive you're desperate and plan-less. But if Team Obama is even will to throw Bill Clinton under the bus -- the most popular living former president -- then it's clear OFA has moved beyond desperate territory, and into reckless.

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#1. To: CZ82 (#0)

Anyone wondering why CLinton is all of a sudden all over the news?

Cause he's getting his payback swag from carrying the Top 400;s water for all these years....;}

mcgowanjm  posted on  2012-06-09   8:37:10 ET  Reply   Trace   Private Reply  


#2. To: CZ82 (#0)

Meet your new rulers:

I recently was at a dinner in New York City and one of the people there was a very, very successful man who is on the borderline between venture capital and private equity. And this guy went into an extended rant about how he was at a disadvantage because he had to pay 15 percent capital gains taxes. When I was first dealing with venture capitalists in a significant way, the capital gains tax rate was 28 percent, and nobody was complaining.

****Then they got them reduced to 20 under Clinton, *****

and then later 15 under Bush. Plus, they got a rollover provision so if they took the proceeds of a venture capital investment and rolled it over into a new venture capital investment it was tax-free. At that point, we’ve reached nirvana, what more could there be?

mcgowanjm  posted on  2012-06-09   9:12:03 ET  Reply   Trace   Private Reply  


#3. To: All (#2)

But now we’re in this environment where this guy was loudly and aggressively complaining that he has to pay 15 percent to the government. And if that’s where you’re at, then of course you are going to complain about Dodd-Frank. You are going to complain about everything. If you have already got 96 percent of what you want, why not take the remaining 4? That’s where the culture of American finance is right now, and I think it’s really dangerous for the country."

mcgowanjm  posted on  2012-06-09   9:12:46 ET  Reply   Trace   Private Reply  


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