(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.
Bill Clinton – with friends like that, who needs a proctologist?
Can we send Obama's NEW democrats- the people who never cared enough to vote before- back to NOT voting?
They are clearly all 12 year olds- vitriolic and hateful- know nothing about anything with loud opinions on everything.
When you have to stoop thta low to get an add you really need to think about why are you still running.
You people still trying to play the PUMA card are priceless. we know that was primarily a Republican outift and that 99.99 of you are faker Republicans. Give it up. The games are NOT working this election. Kind of frustrating for you, isn't it? Seeing as how you don't have a candidate who can win on the issues.....again......
To Republican bloggers pretending to be Clinton supporters:
Just like your leaders, spin whatever you can........
so much for truth.
The world sees right through your facade.
Bill is trying to repair his own legacy. He doesn't want the blame of this put on him. He did sign a major mortgage de-regulation bill as president and also started the de-regulation of medicaid. The republicans were trying to put the blame on him so he needed to try to spin the whole thing in true Repub fashion to quail their attacks.
I understand but I wish that he would stop the madness!
Checkout ACORN. Connections to Obama and moreover huge advocates of allowing people with inadequate resources to obtain loans for purchasing housing.
The Facts: During his time in the senate, McCain has been a champion of government deregulation
Wow! And this after President Clinton was so graciously praising him all this time. This man has NO boundaries. He wants to win and he will clean up any messes he makes later.
What a creep!
Amazing that he will do anything to win the presidency. Wonder if he ever ask Clinton permission to be use like that in this ad?
All of my respect for the Clintons has gone out of the door.
Bill Clinton gets it! The DNC has been taken over by far Left-Wing Communists. THEY just don't get it! He would never be the Democrat nominee if he were running today.
He's trying to save the Democrat Party from the left wing loons who will destroy it and this country!
McCain/Palin: For the Future of America!
I will SUSPEND my campaign………… for three minutes.
Mr. McCain you are truly OUT TO LUNCH…
President Clinton do what you want and have to do. Surely you understand why the maverick used you.
The NEW democrats are unsophisticated and crude. They are vitriolic and ugly- even towards fellow democrats.
ASK the Clintons and all their supporters.
The vocal NEW democrats never cared enough to bother to vote before.
Now they demonstrate that they do not understand democracy- they think they can just scream and demand and threaten Obama into office.
The McCain camp just can't tell the whole truth.
Will do and say anything to win. McNasty has lost his integrity and he is no longer a Maverick.
BILL YOU ARE NO LONGER RESPECTED IN THE BLACK COMMUNITY
Wake Up America. I'm calling on all citizens of the world who want peace and prosperity. Rise up and join our movement for change. We must make an indisputable statement this election. Help elect Barack Obama and Joe Biden our next President and Vice President. Even if you cannot vote, let your voices be heard. We must rise up as one nation under God and rebuke John McCain.
Oh good, maybe now Clinton will start supporting Obama.
Clinton was just saying that there is plenty of blame to go around, which there is. However, much of the blame has to go to the go-go, greed is good, privatize everything, regulate nothing atmosphere that has been permeating Washington going back to Reagan. Much of that deregulation and market centric philosophy was appropriate. A bunch of it went too far and some of it went way too far.
To say that the primary force behind that movement, especially its excesses, was not Republican/Conservative would be a total denial of reality.... and John McCain's fingerprints are all over it!
Have you noticed that McCain has morphed from being "Ronald Reagan" to "Teddy Roosevelt"? Guess he is trying to distance himself from the deregulation crowd. Is there an honest bone in his entire body?
Bill Clinton just needs to sit-down and enjoy his legacy - he is trying to inject himself into this race - and for what?!
I used to love the man, but this race is not about him.
Bill Clinton better come out STRONG for Obama, if he doesn't his legacy sill suffer!
Question to the American People:
Does this ad address the real issues that you and the rest of the world are facing?
Another distraction from the real issues.
Ahh and the Clinton's true color's are showing yet again. It's no accident that the Clinton's won't fully back Obama, the Clinton's are part of the institution in Washington that has retained power over the last 30 years. It was supposed to go Bush, Clinton, Bush, Clinton, etc until the end of time but Obama through a wrench into their gears of power control. The Clintons, Bush's, Kerry's, Gores, etc are all part of the same corrupt political process and Bill makes it more obvious everyday.
Once again, the McSame Campaign and all the Republicans will
do ANYTHING to get elected.
Vote for HOPE !!!!