April 28th, 2008
11:00 AM ET
15 years ago

Bill Clinton criticizes stimulus checks


Watch Bill Clinton discuss the economy Monday.

(CNN)— Former president Bill Clinton criticized the Bush administration’s stimulus checks Monday saying they will only help the economy if everyone spends them and no one saves them.

“You know what you are supposed to do with these stimulus checks, is stimulate,” Bill Clinton told a group of his wife’s supporters while campaigning Indiana. “Go out and blow it. Don’t you dare pay down your credit card or save it,” he quipped.

The federal government started depositing the stimulus checks Monday into bank accounts of 800,000 Americans hoping the extra money will encourage people to spend.

Between now and July, the treasury will distribute more than $110 billion to at least 117 million low and middle income homes.

Clinton said the fundamental issue is most people need the checks to pay off credit debt and bills. “Even if it’s all spent the way the president and Congress hoped it would be,” the current housing crisis would dwarf any possible gains.

Filed under: Bill Clinton • President Bush
soundoff (220 Responses)
  1. real cheryl

    i was teasing
    i love barack obama
    love love love him

    April 28, 2008 03:43 pm at 3:43 pm |
  2. errrr

    You should admit that Bill is the best president on economics in decades.

    Those checks only increase inflation. Your total purchasing power will not increase with those money because the prices will go up even faster.

    April 28, 2008 03:45 pm at 3:45 pm |
  3. Linda

    I know $300.00 dollars is pocket change to Bill Clinton. To some of us it is a lot of money. Billy boy your true colors are showing through.

    April 28, 2008 03:48 pm at 3:48 pm |
  4. Willie

    Man, Bill Clinton and Hillary Clinton are so smart. I just don't understand why people would not want them both back in the white house. This country was very prosperous during the Clinton administration. Hillary could be the next president with a former president as her adviser.

    April 28, 2008 03:50 pm at 3:50 pm |
  5. Linda in disenfrancished florida

    Bill you are absolutely correct in this. All we will do is pay down our debt and not stimulate the economy.

    I wish that people would realize that the ones who would really stimulate our economy were left out...these are the young people who are over 17 working part time but not quite old enough to be on their own....they are our dependents. They pay income tax also, but since we claim them as our dependents, they do not get the 300 dollars and we don't either.

    They are the ones that would go out and buy the ipod, a new cell phone, go to the movies or just go blow it at the mall. But, like I said, they were left out of this GREAT STIMULAS PACKAGE...

    April 28, 2008 03:50 pm at 3:50 pm |
  6. wilfred

    Bill ,Bill , Bill shut up allready. Giving away money is a liberal thing that
    you democrats love to do. BUT when a republican does it you are against it. Can we just all ignore you , you are the biggest problem in
    your wifes campaign .

    April 28, 2008 03:52 pm at 3:52 pm |
  7. history repeats

    i believe the conservatives are scared to death of clinton. you know why?> because no matter what thread you are reading, it could be a thread about bush, al gore or gun control there will be this barage of people talking bad about hillary. go to all the threads on this page that have nothing to do with the clintons and you will still see tons of comments about them. there is a definite movement trying to discredit hillary more then any other candidate i have seen in a loooong time. that tells me something about WHY these people hate her so much. it shows me she is a threat to the crap that has been going on in this country as of late and you know what? i like that. i want this completely corrupt administration to be threatend and lose its control of power. people should read books more. shock doctrine is an amazing outlook on the economy and how the economists are what people should be looking at for answers on WHY we are in the state of collapse we are in. its crazy to me that our country is in worse shape then its been in decades and people still blame liberals and democrats even though the conservatives basically had a free run for bushes first term and lost SOME power during the second but not enough to lose thier grip. adn people are still going to vote for republicans!!! and i love the fake posts on these boards saying democrats are voting republicans. that is faaaaaaaaake. there is no way someone that has voted against this corrupt mess for the past 8 yrs would now vote for mccain.

    April 28, 2008 03:53 pm at 3:53 pm |
  8. An American Women

    In My Opinion:
    Rev. Wright is after the heart of Jesus which is Spirit and Truth
    Sen. Obama is after the hearts of the American People, a Representation of Change for the America People; Of what We can do and become.
    As a supporter of the Scriptures and The Trinity, I agree with Rev. Wright along with Sen. Obama the country is in great need of change! We should feel desperate for a change?

    April 28, 2008 03:55 pm at 3:55 pm |
  9. James R

    I am going to pay off my own debt, not go further into debt.
    Only a republican would say borrowing 160 billion dollars from China to give to Americans so they could go out and spend the money is a good idea. Sooner or later we have to pay our own bills.
    I cannot wait till we have another Clinton Administration and start paying off the federal debt again.

    April 28, 2008 03:56 pm at 3:56 pm |
  10. mama4obama

    April in Texas....I too was shafted by NAFTA.....the legacy left behind by the Clintons.

    I could not agree more.

    Clintons have done enough damage...it has just taken many years for the results of their administration to show up.

    Fact is...they sold the American people out to the highest bidder. For those of you who fail to see this....I truly feel sorry for you.

    OBAMA 08 or bust

    April 28, 2008 03:58 pm at 3:58 pm |
  11. mitch from ark.

    this was a bi-partisan stimulation package.clinton's critcism is another way for people like him and his wife,to stagnate washington,and keep the people down.he sounds like the republicans.

    April 28, 2008 03:58 pm at 3:58 pm |
  12. John from White Plains, NY

    To all the Bill haters out there... Regardless of how you fell about him, I think all of you were better off eight years ago than we are all now...I will pay off bill, and if I am lucky, maybe a full tank of gas which most will go to Cheney's friends...

    Wake up people...

    April 28, 2008 03:59 pm at 3:59 pm |
  13. demwit

    Bizarre Billy Belligerently Bites

    April 28, 2008 04:00 pm at 4:00 pm |
  14. Brett

    Hey Bill, it is easy for you to speak when you are swimming in money while some folks are swimming in debt.

    April 28, 2008 04:01 pm at 4:01 pm |
  15. RealityKing

    Obviously Bill greatest fear now is that Hillary will actually win the presidency and over shadow his dirty legacy.

    April 28, 2008 04:01 pm at 4:01 pm |
  16. D Frank

    I am completely FED UP with this whole process and Senator Obama's tricks. I finally made up my mind because I am tired of all of OBAMA's crap.These are the reasons:

    OBAMA comes across as one of those Charismatic religious preachers on Sunday morning TV, you know, the big crowds around him, chanting, crying, etc almost like a cult leader with people listening to him with blind admiration and with total subjective belief - very sickening
    OBAMA speaks of unifying people and then he calls the Clintons racists and makes comments like typical white people (women) and no one (on CNN ) says a word. The double standard working again against white folks and women.
    OBAMA says Hillary is the only one that is being negative, but he constantly bashes her over and over and over with mean personal condescending comments calling her secretive, untrustworthy, divisive etc. And nobody days a word the double standard working again.
    OBAMA has done virtually little while he was an Illinois State Senator. When he had to make critical votes on Capital punishment for murderous Gang Members he voted against this important deterrent law...
    OBAMA preaches every voice should be heard, but he has his lawyers and lobbyist stop the re-votes Primaries in Michigan and Florida (Where in our Constitution is it written that anyone has the right to prevent approximately 3 million Americans from exercising their franchise to vote.….
    OBAMA has difficulties in debating well, so he tends to blame everyone for his lack in debating skills.
    OBAMA continuously insults the Bill Clinton who is the only successful democratic president that America had in the last several decades.
    OBAMA receives over 93% of the black vote but virtually nothing is said on CNN or any major network that this is a complete race based vote but when Hillary receives support from white voters their response is race influenced even though that same demographic shows 30% to 40% support for OBAMA.
    OBAMA seems to be able to can say whatever he wants and the media specifically CNN will back him up with all the excuses. Just listen to Roland Martin. He is a complete joke. Roland is really objective oh yes.
    OBAMA media BIAS. There is the media coverage on CNN for stories like “Black in America" and "Race and Politics”. Well, CNN where was there a story WOMEN'S HISTORY MONTH in March and then of course why didn’t CNN put out a story on for instance "GENDER AND POLITICS" or "WOMEN AND POLITICS" ??? LOOKS LIKE CNN is as SUBJECT AS ROLAND MARTIN IN COVERAGE OF THESE PRIMARIES.

    April 28, 2008 04:02 pm at 4:02 pm |
  17. history repeats

    look at peoples responses just to see what kind of grasp they have on whats going on. bill clinton isnt saying he doesnt want you to have the money hes saying it will do nothing to stimulate the economy. it is supposed to do one thing but it wont work. helllllo do any of you read the stories unbiased anymore or are you just programmed to swallow the crap that someone else advised you to believe. free-thinking is such a rare thing. especially now with this television loving consumer society america has become. we let other people think for us. entertain us. tell us whats right and wrong and we just take it all. its sad to see.

    April 28, 2008 04:02 pm at 4:02 pm |
  18. norb

    Bill Clinton wasn't born with a silver spoon in his mouth. He became president of the United States and made most of his money in speaking fees. How much money has Rudi Guiliani made since he was major of New York? Bill Clinton was a good president that improved the lives of millions of people. Somehow, now people seem to forget that. He continues to raise money for aides and for Katrina victims. Lobbied to the soda people not to cater to school students and the list I'm sure goes on. George W is the problem and the American voter made a lousy choice when they elected him not once, but twice! I guess people figured "how bad could he screw things up anyways? Well, now we know don't we? How many ex presidents put their office in Harlem?

    April 28, 2008 04:04 pm at 4:04 pm |
  19. An American Women

    Mr. Clinton
    I loved your term in office; We the People were not hungry?
    And We the People were not loosing our homes? etc.
    I feel Bush should have been impeached to much wrong doing and it's plain for all to see.
    I'm for Obama however your wife is a great person , hopng to see her in office as well VICE let's stop the madness.

    April 28, 2008 04:05 pm at 4:05 pm |
  20. William, Ca.

    " Sheeps are lead to slaughter, for- like of wisdom"....The beginning of Wisdom, is the fear of the Lord............Read, Numbers 23:19

    April 28, 2008 04:23 pm at 4:23 pm |
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