(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.
Can you say PATHETIC!!
I can see the moon from my house! And that makes me an expert on space travel!
Of course, everyone is to blame. Special interests prove that out.
What seems to be missing is how the Republicans (ie. Gramm) started this ball rolling and how their policies under Bush have put us where we are.
Remember the 2006 election? Bush was crowing about his policies giving us "record home ownership". Problem was, no one owned their house, they just got deeper and deeper in when they signed the papers. Now his policies have put us where we are.
Another New Ad..... How many new ads McMoron runs each day???? Just Attack.......No substances, no solutions from this Fool....
So, no one cares about Mr. Lewinsky anymore.
Bill, once again u put your foot in your mouth.you are such a hypocrite,u say u helping Obama win the white house and you blame your own party for the failing of the bailout.your not a true democrat.
But the fundamentals of the economy are sound?
And since the world in still in a financial crisis due a majority of the House Republicans voting against Bush's bailout plan……
why isn't McCain suspending his campaign again to do whatever is necessary to solve this crisis?
Because he has just learned that it is just as effective to participate by phone and attend Congress when required!!!
Reminds me of that old saw: "With friends like that, who needs enemies?" Bill has been lukewarm in his support of Obama and has issued some real back-handed compliments. Maybe Barack should have asked him to stay home and keep quiet.
BTW – of course the Republicans didn't use the entire quote. That wouldn't have sent the message they want to send. Context has never been relevant in political contests.
McCain does it again....he will regret using Bill Clinton against Obama.
Now Clinton will make clear his choice for Obama, and will not be forgiving to McCain.
Who are John McCains campaign advisors? He has just finished his political career.
Say goodnight Mr.McCain................goodnight.
McCain is really grasping at straws here.
Bill Clinton seems to think just b/c he gave a 'great' convention speech, democrats are somehow unable to see that he just is NOT supporting Barrack. Correct me if I'm wrong, but I would hold it against a democratic ex-president when he undermines support for a democratic presidential nominee...and yes, I'd hold it against another Clinton running for office in future. Too bad Bill is too arrogant to see he ends up hurting his wife's chances even if Obama looses.
I'm shocked! Shocked I am to find that there's blatant lying and distortion going on in a McCain ad.
Where is Claude Raines when we need him?
republicans – born with selective hearing for douchebagery
Bill or HIllary did not support BO, and they are having hard time knowing BO is not ready to lead this country. Keep up the good work Bill. Pay backs are a son a gun...
Oh Bill Bill...your a smart man. Watch your step. Its becoming blatantly obvious your running for McCain. If you want to be a Manchurian slimeball then you need to be a bit more discreet. Your fluffy speech for Democratic support has been contradicted ten fold since that fine evening in Denver. Someone please lock this man in a closet somewhere.
McCain = blame game politician, not an idea politician
Is McCain for or against regulation/bigger government? Its like he wants both! 1 + 1 = 3
Bill Clinton is a traitor to the Democratic party and to this nation.
where is the ad of the keating 5 which led to the bailout of the security and loans? This led to more de-regulation by McCain. McCain was also involved in the keating 5. McCain's economic advisor, Phil Gramm, wrote the bill for de-regulation which McCain supported. In addition, McCain's campaign manager is Rick Davis who lobbied for Fannie and Freddie who supports de-regulations. Rick Davis received money from fannie and freddie until last month when he said he stopped getting money from those companies last January. If you honestly think that McCain will regulate the markets after years of deregulating the markets and has people in his campaign who lobbied for it, then I have a bridge to sell you in Alaska.
Let's just remember who pushed for loaning money to people who couldn't pay it back. That's the basis for this whole problem and it was not Republicans...
Bill Clinton = McCain/Palin surrogate.
Obama will defeat all of them in November.
Thanks, Bill. 'Preciate you.
Now is not the time for a far left socialist, McCain is much closer to the presidency of Bill Clinton than Barak Obama is. All Conservatives and moderates, along with a great number of logical fair Democrats would all be against Barak Obama if they only took the time to study his record and come to terms with what he truly wants for America. This is no time to play around, study the facts and resist the substance free feel good Obama-lib slogans and media puppetiering.
Obama is in over his head, but still talks a good talk. Unfortunately we need action not talk.
Oh thank you! Thank you CNN, for letting us know which of slick Willy's comments didn't make it into the add. You are so noble! Now, do the same for Obama and Biden's comments and I might lose the sarcasm.
You know it's gotten pretty desperate when McCain and his campaign are getting behind Bill Clinton to save his candidacy!