(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.
What's that ole saying "keep your friends close and your enemies closer"! Barack watch your back.
Yeah, and the Republicans have always had the highest regard for Bill's integrity and honesty yeah? So why did they try to impeach him for lying under oath?
John McCain Country last
As far as Bill Clinton goes and his comments...this will add only fuel to Bill's stomping for him next week! He will be so made at McCain for exaggerating his comments....oh I can't wait for the response to this one.
Bring back the BEST candidate for the challenges of our time.
Hillary was swiftboated by her own party thanks to a sleazy Obama and a blind/biased/silent media campaigning for obama.
Oh me gosh...not my Bill. Now I feel like I've been stabbed in the back.
Gooooo Obama '08
you can do it without the Clintons
@Dems are stuck in the fix they rigged...get some help, please
Bill Clinton, the next Karl Rove
Finally!!! Everyone tries to blame this on Bush but this has nothing to do with Bush. He caused a lot of other problems and did a lot of stupid things, but I'm sorry Nancy Pelosi, Barney Frank et al, this one is on you!
I voted for Hillary on qualifications and on the issues.
Why did you Obamabots vote for Obama?
Pay the piper
SO, McCain calls Palin the next Clinton, then ran a ad blaming Clinton for the crisis....smart
Time to pay the piper for the trashing of Hillary Clinton.
Dirty democratic politics.
Who can you trust. Clinton for you or against you......Money, greed and back stabbing, Go Obama, you have so much against you.....but I have your back and you have my vote
Bill would rather see a republican in the White House if that democrat's last name is not Clinton.
That is what Bill gets.
Bill Clinton obviously doesn't want Obama to get elected. Period.
The Obama thugs subverted the democratic process and installed a puppet nominee.
Until recently, the Obama Web site allowed a contributor to select the country where he resided from the entire membership of the United Nations, including such friendly places as North Korea and the Islamic Republic of Iran. HERE YOU MORONS. THEY ARE FINDING PLACES YOUR CANIDATE OBAMA IS GETTING DONATIONS FROM. SEEMS LIKE THE TERROIST ARE FUNDING HIM LIKE THEY PUT HIM THROUGH HARVARD YOU LOST MINDED NAIVE HATING SUPPORTERS. AMERICA BETTER WATCH THEIR STEP AND START WORRING ABOUT THE SAFETY OF THE COUNTRY. MCCAIN/PALIN COUNTRY FIRST
McCain IF YOU TRULY BELIEVE IN COUNTRY FIRST – YOU NEED TO DROP SARAH PALIN. WHY IS IT THAT SEVERAL REPUBLICIAN OFFICIALS ARE NOW CALLING FOR SARAH PALIN TO STEP DOWN IN ORDER TO SAVE THE CAMPAIGN.
Obama's strongest and most destructive opponents continue to be Bill and Hillary. Obama has to defeat the Clintons and McCain on November 4, and keep a close eye on the Clintons for the next eight years.
Hillary might be preparing to run as a Republican in 2012
Exactly when are we going to stop pitting party against party and start working towards bettering our country as a whole?!
This is just getting a bit ridiculous ...
McCain is trailing in the polls so he goes out and gets the Republicans number one enemy BILL CLINTON to be in one of his ads? Didn't the Repubs try to have Clinton IMPEACHED when he was in office? This campaign just gets crazier and crazier every week. Next I guess Hillary will be in an ad for Palin..
Awake a sleeping giant, John McShame, and you will pay.
Wow is the GOP falling in love with Bill. Didn't look like love when Bill was in office. GOP and its loyalists a bunch of hypocrites!
Be carefull out there it's gettin' dicey. But it doesn't matter what Bill says or doesn't say the poll are spreading in BO's favor and people are starting already mail their ballots in. This time next week I will have said all I'm going to say to McFailin' with my ballot.
Don't sleep on GA being a BLUE state.