(CNN) - As he gears up to hit the campaign trail on behalf of Barack Obama later this week, former President Bill Clinton is the star of a new television ad - for John McCain.
Watch: New McCain ad features Bill Clinton
The Arizona senator's campaign is highlighting Clinton's remarks in an interview with ABC News last week during which he appeared to lay some of the blame of the current economic crisis on congressional Democrats.
"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said in the ABC News interview that is highlighted in the new McCain ad.
The announcer of the one-minute spot called "Rein" cites McCain's call for more regulation of Fannie Mae and Freddie Mac two years ago and said "Democrats blocked the reforms."
"Loans soared. Then, the bubble burst. And, taxpayers are on the hook for billions. Bill Clinton knows who is responsible," the announcer also says.
But in the same interview with ABC, Clinton also said it is important not to assign blame at this time for the current state of the economy: "We are where we are. I think the most important thing is we got two candidates for president saying 'lets try to minimize the partisan differences,'" he said. "We will have plenty of time later to look at who caused this and what mistakes were made."
Those comments did not make it into the McCain ad.
The ad comes days after some Democrats grumbled the former president appeared to be overly praiseworthy of the Arizona senator as the final stretch of the heated presidential campaign gets under way. In the same interview with ABC News, Clinton defended McCain's call to possibly push back the first debate, saying it was a pledge made in "good faith." He also later said the Arizona senator had taken the lead in his party when it comes to climate change.
The RNC just doesnt get it.....................
Clinton needs to shut his fat trap and go back to screwing women. He was less of a danger when he was falandering. He didn't do Hiallary any good in the campaign and now he isn't doing Obama any good either.
That's what happens you show support for a liar Bill. McDeregulation can't run from the fact that he is a part of the problem. Same old Policies that got us into this mess.
McShame just doesn't know when to quit. Why doesn't he concede already?
I knew it McCain with one his dirty tricks and I think Clinton is getting paid underneath the table Clinton keep McCain and Palin out of your mouth because you are trying to hurt Obama and Hillary run in 2016 I will not vote for her because of you Bill Clinton
the clintons do not want barack hussein obama to win.....if he wins, it would screw hillary out of a run in 2012...........freaking duh
Way to go Bill! He had to know his comments would be used. Just who is he for, besides himself? I used to be such a fan of his.
Bill and his mouth is the reason I didn't vote for Hillary. He hurt her chances and now he is hurting Barack's. Bill, just go away. Take McCain and Bush with you!
With friends like Bill...
The democrats lost the GE when they rigged their primary so Obama would be the eventual nominee.
Palin has to do nothing at all. We all watched the WORTHY HRC be unfairly gutted by hate and trashed in filthy and foul ways. We all witnessed the insults and sexist denigration of a great FEMALE leader.
So we won't allow the lesser Palin to suffer the same fate.
It is about human decency and respect vs winning by any means possible. Attack on issues- not personal attacks.
Dems never should have sabotaged Hillary just to install their glorious Obama.
They doomed their own party by subverting the democratic process.
Sad but true.
Has nothing to do with race or gender- other than the fact that the female candidate who was the BEST candidate of a lifetime was treated with disrespect and was mocked and jeered and insulted and swiftboated by her own party because she was NOT young, black and male.
McCain, lame with no game. Lowdown and evil; what America does not need. He is becoming a senile idiot.
Anyone who has LISTENED to what Bill Clinton has been consistantly saying knows this is total BULL.
He has stated many times that there have been failures on BOTH sides of the isle but that Senator Obama is the clear choice of both he and Mrs Clinton to lead this country forward.
More of the same half truths and lies from a shakey at best party and campaign.
Shame on you John McCain.
Y A W N
Shame on you, Bill Clinton!
I hope that Hillary is making all this negative pub Bill is garnering for Sen. Obama worth his while. Guess that the Clinton Global Initiative isn't keeping Bill busy enoug doing good...he has to mess up something, somewhere...who better than his own party.
that'll teach ya Bill ...maybe you need to praise McCain and Palin a little more ;)
PLEASE CNN Do a fact check on this one!!!! and see what youcome up with!!! we the american voters rely on you all to uncover all the lies from both parties!!
The Rep have had plenty of time to fix whatever needed fixing, eight years and McCain has been there twenty plus years. GIVE ME A BREAK AND THE REST OF US ALSO.
There you go!
What else were you expecting from the McCain campaign?
Bill Clinton is the one to blame, he doesn't seem to understand that if Obama doesn't win, it is the end of the Democratic Party. Even Hillary seems to get that better. Clinton should show a little more maturity and act as a leader, instead of a sore loser.
I am confident Obama will win with or without help. Let's not forget that Obama campaign against both him and his wife, and still managed to win. So he better align and stop trying to hinder this upcoming victory.
I am very disappointed in Bill Clinton. I used to love him so much.
This is BS...just shut up Bill. Seriously, Obama does not need you or your support. You are a double headed snake and I have lost my respect for you.
McLame once again telling half truths'. Does he realize that there are fact check websites? How dumb does he think people are? Being dishonest is what will cost him this eletion. Plus he just doesn't stand a chance.
Bill, next time you open your mouth think about this –
The Republicans (yes, McCain's party) are blaming YOU for this economic meltdown. That it all stem from your administration.
Next, think about how your statements would be mis used (I certainly hope mis used).
So now tell us if you still think McCain is a great man. He is showing his true self more and more each day. Even compared Palin to you.
Bill Clinton is getting on my last nerves! Can someone please put the new surrogate for McGrumpy to bed!
Clinton needs to realize that his actions cost his wife the democratic nomination and they will now end her hopes of ever becoming the POTUS!
Obama created an intra-party civil war with his vitriolic and unfounded attacks on HRC.
It was NOT funny.
Time to pay the piper for the filth, the vulgarity, the lies, the cheating, the lawsuits, the strong-arming, the threats, the shutting down freedom of speech.