First black Prez joins the second: Bubba back in the economics game

Posted by: ST on July 15, 2010 at 9:40 am

The WaPo reports (via Memeorandum):

Burdened by low approval on the economy, President Obama brought former president Bill Clinton and investor Warren Buffett to the White House on Wednesday to talk about job creation.

White House press secretary Robert Gibbs denied that Clinton — who oversaw record surpluses and was generally seen as business-friendly — was brought in to mediate between business leaders and Obama, now under fire from corporate leaders for his economic policies.

This week, the US Chamber of Commerce issued a harsh letter complaining that the White House is burdening businesses with too much regulation and hampering job growth.

“Do I think they speak monolithically for business? No,” Gibbs said of the Chamber.

On Wednesday, the White House also responded directly to the Chamber. “We were surprised and disappointed by the rhetoric we have heard from some in the business community,” White House chief of staff Rahm Emanuel and Valerie Jarrett wrote in a letter addressed to the Chamber. “While we may not agree on every single issue, we should always remember that there is much we agree on and that we are all working towards the same goal of putting American back to work and getting our economy back on track,” they wrote.

Clinton, whose foundation is working on clean energy programs that would employ additional workers, and Buffett met with Obama as part of a White House push on the economy and employment. On Tuesday, Obama tapped Jacob Lew as budget director and publicly directed him to reduce the deficit. On Thursday, Obama travels to Michigan to talk job creation once more.

Gibbs said the timing of the two Wednesday meetings was coincidental, and that Buffett initiated their sit-down.

Uh huh.

Bill Clinton’s gotta be loving this, considering how Obama repeatedly trashed the Clinton economy during the Democrat primaries in 2008, not to mention the race-baiting done to the Clintons by Team Obama.

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8 Responses to “First black Prez joins the second: Bubba back in the economics game”

Comments

  1. Bill Fabrizio says:

    Clinton mentoring Obama? Quick, hide all the WH interns!

  2. Carlos says:

    Clinton can always resurrect the old campaign slogan, and aim it directly at Duh-1: “IT’S THE ECONOMY, STUPID!”

    This is a very costly lesson in why we don’t want ideologues and inexperienced incompetents in the White House. An incompetent will not listen (which Duh-1 is famous for), and an ideologue will, well, do what Duh-1 has done for 18 months now, appointing people based on their ideology instead of their competence.

  3. Lorica says:

    “Do I think they speak monolithically for business? No,” Gibbs said of the Chamber.

    On Wednesday, the White House also responded directly to the Chamber. “We were surprised and disappointed by the rhetoric we have heard from some in the business community,” White House chief of staff Rahm Emanuel and Valerie Jarrett wrote in a letter addressed to the Chamber.

    To Fibbs, Emanuel and Jerrett: Who?? Who have you heard from?? Is this like when President Obama told a nationwide audience that Catapiller would rehire all of their laid off people if we pass the stimulus, and then 10 mins later the President of Catapiller said he had never said that. Yeah, that’s closer to the truth you lying PoSes. – Lorica

  4. Sefton says:

    Obama’s taking an ego hit with this move, but only because he knows the score come November – and it doesn’t look good for him.
    He’s already got half of Clinton’s staff working for him, he might as well bring in “daddy” to clean up his romper room White House and failed strategy.

    This is all just damage control for the upcoming election.

  5. Carlos says:

    It fits the pattern. Duh-1 is famous for “Too little, too late.”

    Ask Monica if it’s too little.

  6. Great White Rat says:

    Actually, he’s more famous for “When the going gets tough, I vote ‘present’. And then head out to the golf course.”

    My intuition tells me Clinton is playing this shrewdly. He can’t do anything that seems like he’s abandoning Duh-1, but you can bet that secretly he’d love to see Obama’s unbroken string of blunders stay intact. Another 12 months of double-digit unemployment, multi-trillion dollar deficits, and poll numbers that show Obama is less popular than getting a colonoscopy from Captain Hook, and Hillary will have all the ammo she needs for a primary challenge in 2012.

    Like him or not, Clinton is probably the slickest and most successful politician of modern times. You can bet that Bill will be taking careful notes – from an insider’s perspective – of each and every weakness of the regime and how to exploit them in the next campaign. And Clinton certainly remembers (as ST noted) that Obama played the race card against him frequently in 2008. This may be a case of revenge being best served cold.

  7. Kate says:

    This just sets the table for Hillary’s run in 2012! I do believe many in the democratic party are sure Obama is a one term only president.

  8. SpideyTerry says:

    I do believe many in the democratic party are sure Obama is a one term only president.

    I have always believed that if Congressional Democrats take a serious beating in the mid-terms (losing one if not both houses), many Democrats will begin re-evaluating Mr. Judgment to Lead. People expect his poll numbers to improve when the economy recovers; I don’t as an improving/stable economy is no guarantee of voter support. It certainly helps, but amateur-hour mistakes like his mishandling of the oil spill, ramming deeply unpopular healthcare legislation and opposing a popular AZ immigration law are what really sent his poll numbers into the gutter. If his numbers don’t improve over the next couple of years, a primary challenge will emerge to avoid any possibility of a Republican win in 2012. I’m sure Hillary will be all-too happy to try – let alone Bayh and others.