Showing posts with label Esquire. Show all posts
Showing posts with label Esquire. Show all posts

Wednesday, January 18, 2012

Bill Clinton's post-mortem on 2010

In an in-depth interview in Esquire, Bill Clinton delivers a detailed recap of recent U.S. political history that's for the most part economically determinist: Democrats were bound to win in '08, Republicans in '10.  But I have one bone to pick. Clinton alleges a couple of messaging errors & omissions on Obama's part, starting with this:
There was no way people could feel fixed in 2010. So I wish now, and I'm not — I didn't see it, either — but I wish now that we had all known enough about this on September 16, 2008, when we still had a debate or two to go, and that the president could have said, "You know, I've just looked at this. This kind of thing is happening to us now, first we gotta keep everything from cratering, and that means we'll have to help some people who contributed to the problem. I hate that, but I can't let your financial system go down. I can't let it be so you can't use your credit card.

True, there was a debate or two to go. And on October 7, 2008 Obama was asked by an audience member how the $700 billion bank bailout would help ordinary people who are "having a hard time." His response: