(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.
Latest Palin Gaffe: Can't Name Supreme Court Case Other Than Roe V. Wade.
In a not yet aired Couric interview, when asked about other notable supreme court cases, Palin couldn't cite any, she just remained silent. Pitiful!
I supported Bill Clinton, defended him when Monica happened saying it was between him and Hilary to work out. I voted for Hilary in the primary. But the way they have acted I don't think I could support them again.
Bill, oh Bill. Why do you keep on disappointing? Honestly, what is your motive. If your intention is for Hillary to run in 2012, well, remember Obama supporters will not forget what you have done in the past year. You and Hillary have lost my support.
Yall see why Obama didn't pick Hiliary. It is the Bill factor. He just won't go away. He is like a roach. You spray a can of Raid in one area to get him but he always pops up in another one. Hey PUMA, this is to let you know that Obama is doing pretty darn good with cha.
More mis-truths (lies) by McCain.
You know thats why barack did not choose hillary. Its better to lose a race with dignity and pride than get pushed around and i respect OBAMA to the fullest!
deep down inside the CLINTONS ARE HATERS!
Bill will probably vote McCain come November because he believes the the "real black"president will reign supreme.
I knew it, just another bitter clinton!
Yeah, Bill Clinton's comments will really play well with the conservative base. They admire him so.
Congrats, dems. Thanks to your Community Reinvestment Act and the likes of ACORN, you have ruined the entire world's financial system, and now people are suffering as a result. I hope you're happy living in those houses that you didn't pay for.
In the words of the Reverend Jeremiah Wright, "The (Democratic) chickens are coming home to roost."
PRESIDENT Clinton is right, this mess all began during his term thanks to the Dems in congress who wouldn't get behind him.
12 members of Rep. Barney Franks (D) Banking Committee DID NOT vote for the bailout.
95 Dems DID NOT vote for the bailout just to keep Obama's numbers in the polls on the upswing. (This truth will spill eventually. Some greedy Dem will take the bribe to spill the beans..)
Welcome to "Plan B".
"Loans soared. Then, the bubble burst. And, taxpayers are on the hook for billions. Bill Clinton knows who is responsible,"
Given the fact there is a pretty good chance his BS is not going to play well and get him in office, McCain gets extra mileage out of this one.
This the first negative ad of the 2012 election and aimed directly at Hillary Clinton.
DEMS love to give money to people who can not pay it back.
This was a bipartisan failure.
Bill and Hill tell the truth.
Obama spins divisive lies. He just lies with finesse.
Palin tells the truth- but tells it badly.
Don't be silly. I'm voting for Obama, but you can't deny Clinton is just being honest and is, mostly correct. He knows very well that nobody voting for Obama would vote for Hillary in '12 at this point because of the PUMA nonsense and her extremely lukewarm support. She's truly done, so I think he's just saying what he believes. The truly disgusting part isn't that he said it...it's how the McCain campaign misuses it.
we need barack, now! impeach bush! vote for obama. no more corporate lobbyists and special interests! no more gifts for wall street , without something for the folks who work for a living!
Ahaaaaaaaaaaaaaa – Looking for a Supreme Court Job ? are Bill ?
Well I guess Bill Clinton got what he wanted, to be a star in a mccain
Once again, the blame game from McCain. More distractions from the same old good ol-boys network known as the Republican Party. Let's stop the blaming and roll up our sleeves, John, and get to work resolving this crisis which is bound to get far worse that just your average protest!
bill needs to shut his hole
Bill Clinton is a smart man and he knows more than Obama's followers know about him. He is trying to warn you about Obama, but the kool-aid kids and the AA's refuse to heed the warning.
HEY BILL, CAN YOU GUESS NOW WHY HILLARY WAS SELECTED AS A RUNNING MATE?
YOU IDIOT! YOU JUST DON'T KNOW WHEN TO SHUT YOUR TRAP.
Gee, congrats to McCain - he succeeded in doing exactly what he wanted to do with this commercial - get the heat off of himself and onto someone ANYONE else. And you guys fell for it. Nice.
Here is the deal. McCain is dropping in the polls like a stone and he is freaking out. He sees that his desparation and choices have started to take a toll on his chances so he is now at the point of throwing out anything to see what sticks.
Keep in mind that McCain is not tech smart so he forgets that everything he says is on video at YouTube or somewhere else that is easily accessable. It speaks to the fact that he is out of touch in so many ways that actually makes him and Palin dangerous for this country.
Smart americans known that Obama doesn't have a clue.
The DEMS educate him and write his speeches and he is very good at preaching.
All the Obama supporters would change to McCain if they would just do some research on Obama on where he came from, what his background is and who was his teachers.
Don't listen to the Media they are only going to tell you the story the DEMS want you to know.
TRUST ME ONCE YOU LOOK INTO OBAMA YOU WILL THANK ME FOR SHOWING YOU THE LIGHT.
LOOKUP OBAMAS FAMILY. HIS MOTHER IS A WHITE AMERICAN ATHEIST FROM KANSAS. HIS FATHER WAS A BLACK AFRICAN MUSLIM FROM KENYA.
HIS MOTHER MARRIED AN INDONESIAN MUSLIM AND MOVED TO JAKARTA WHERE HE WAS ENROLLED IN MUSLIM SCHOOL.
HE WORKED AS A CIVIL RIGHTS ACTIVIST IN CHICAGO.
HE ENTERED POLITICS AT THE STATE LEVEL AND THEN NATIONAL LEVEL WHERE HE HAS MINIMAL EXPERIENCE.
HE BELONGS FOR OVER 20 YEARS TO AN AFRO-CENTRIC CHURCH IN CHICAGO THAT HATES WHITES, HATES JEWS, AND BLAMES AMERICA FOR ALL THE WORLDS FAULTS.
HE COVERS UP THE PASTOR OF HIS CHURCH AND HIS TRUE BELIEVES.
DEEP INSIDE OBAMA IS HOPING THAT HE CAN FOOL ENOUGH AMERICANS AND HE HOPES THAT WE CANNOT PUT THE PIECES TOGETHER.
NOW TELL ME OBAMA SUPPORTERS IS THIS THE MAN YOU WANT TO RUN THIS COUNTRY.
PLEASE CNN PLEASE POST TO SAVE OUR COUNTRY!!!!!
PLEASE WAKE UP AND GET EDUCATED.
HOW CAN YOU POSSIBLY TRUST OBAMA JUST KNOWING A LITTLE BIT OF WHAT I HAVE TAUGHT YOU.
PLEASE COMPLETE YOUR OWN RESEARCH ON THESE TOPICS DON'T BELIEVE ME!!!!!!!
I AM NOT MAKING THIS INFORMATION UP.
PLEASE WAKE UP!!!!!!!!!!!!!
Is anybody else tired of the NEGATIVE, DIVISIVE, ANGRY, HATEFUL, messages coming from the McCain camp? Don't we DESERVE a President who brings up together?
Palin doesn't have anything to even compare to Bill Clinton..She likes alot of know how to even be a vice President. And McCain is a poor excuse for a president.