(CNN) - CNN's Larry King talked with former President Bill Clinton on Tuesday night at the William Jefferson Clinton Center in Little Rock, Arkansas.
In a wide-ranging interview, King talked with Clinton about the stimulus bill, the auto bailout, President Barack Obama's BlackBerry, Chelsea Clinton's future, Sarah Palin and more.
The following transcript has been edited for brevity and clarity:
Larry King: The stimulus bill passed today [Tuesday]. The president signed it in Denver. Is it going to work?
Bill Clinton: I think it will do what it's designed to do. And I think it's important that the American people understand what it's designed to do.
It's supposed to do three things.