ANN CURRY, co-host:
We're back now at 7:41 with former
President Bill Clinton
. The nation's unemployment rate now stands at 9 percent, with 14 million people out of work and
is offering his proposal to get people off the
unemployment lines in his new book "Back to Work:
We Need Smart Government
." Mr. President, good morning.
Former President BILL CLINTON:
" is a prescription for economic renewal. Is there anything that can be done right now that is not being done that could spark the movement towards creating more jobs?
Yes, but it won't bring us all the way back. Let me explain what I mean. What happened to us was we had a financial collapse and a real estate collapse. If you go back 500 years when countries do this, it takes a long time to get over, sometimes five to 10 years, sometimes even longer. So I wrote this book to try to explain how we can beat those odds. But there's no instantaneous fix. I think the president's proposals on the payroll tax cuts for employers and employees would help and I think they should pass. Then I think we have to get the money going in the
again, which means you have to get the bank money released, primarily that's reforming the mortgage crisis, get corporations to invest back in
again. There's $4 trillion in banks and corporations that could be invested here, and that would take the world out of the
The question is, what is it going to get them to invest that money? And you just mentioned that -- you compliment the president on some of his policies. But I want to point out that you also point out a number of mistakes made by
, including not making a stronger case for efforts to stabilize the
, failing to craft an effective
campaign message to counter the
's anti-government rhetoric of
and bungling their response to the
's debt by not choosing to raise the debt ceiling in
when they had a Democratic majority in the
. Why offer these criticisms now in this book? Are you considering that they are fodder for the
First of all -- no. Well, probably because this is the second you question you asked me which proves the thing I said in the book. The first half of the book is what happened to us politically and economically in the last 30 years. Conflict makes better politics and news coverage, cooperation makes better economics. So the second question
out of the box
, the book lavishly praises the administration's economic, its
, it's whole thing. And the second question I get asked is this,
this is the way
But you do you criticize the president.
No. Well, first of all, I made a mistake as it turns out, on the debt ceiling because I didn't think it was subject to the filibuster. Turns out the
told me they did try to raise the debt ceiling and Senator
said he wouldn't do it unless they caved to all their demands. But on the other thing, I also pointed out, we made the same mistake when I was president in
. We didn't run a
campaign. So the debt -- the
line basically was the only thing people heard. But I think that the important thing is what are we going to do now? And what works best in
is cooperation, not conflict, and so we got a big disconnect between where our politics have worked, conflict works and the way our economics works. If you look at
, if you look at
, where they have the
Human Genome Center
winning scientists than other city, look at
, where I was yesterday where they have 100 computer simulation companies. Look at
, where the
Cuyahoga Community College
are training these midcareer people with high school educations who have lost their jobs and they are desperate, to go back into health care work.
, switching from steel to nanotechnology. All these places, you've got your government and the private sector working together.
You say cooperation. Because I want to play you a clip because it's not the only thing I think you've said that has worked. In
there was a presidential campaign video in which you talked about something else. I want to show you that video.
We've got to put our own
in order and restore the
, reduce poverty, bring this
together again. I've got a fine
for the short and the long run, but in the end a plan is just a piece of paper. To make it change lives you need leadership and vision and action. That's been the work of my life and that's why I'm running for president.
First of all, how cute were you and your hair hasn't changed. But number two -- but number two, you talk about vision there and leadership. So what is
's vision on the
He wants to work -- he wants it to work for everybody. He wants to have broad-based prosperity, shared prosperity, growing
again, not the kind of growth we had in the last 10 years where almost all the income gains went to the
percent, most of that to the top 1 percent, and you had median income declining, as it still is. Poverty rising, that doesn't work. To build a shared
with shared prosperity, you have to have growing jobs. And until you get
, until you get
, we can't balance the budget. I don't care what you do, they're finding that now in the
. You can cut spending, you can raise taxes, you can do whatever you want. You can't balance the budget until we grow this
I want to know if you -- what you think about this, because when you look at the president's disapproval rating on the
, it's 57 percent, according to the latest poll, you know, you often speak of your wife's extraordinary gifts.
Do you ever think
would be better off if she had won the presidency?
think about it
Because I deal with the world as it is. I think he's done a better job than he's getting credit for. I think he now has a
that doesn't want to do anything with him. And until the
send them a signal that they want to send the
a signal that they want cooperation you're going to have trouble.
think it's unfair to compare
adversely to me. When people say, they're talking about my last five years as president, the proper comparison is what happened to me in
in my third year, same thing that's happened to him. We went through the same thing. Not much happened, we fought and then there were two government shutdowns and the voters decided they agreed with the approach I was taking.
got the message, then we started working together. So there hasn't been an action-forcing event yet. And you can see by this book, I essentially agreed with his
. Green technology jobs are growing at twice the rate of ordinary jobs. We lost manufacturing jobs every single year in the eight years before he became president. We got a chance to get them back again. He's got a good export strategy, he's got a great idea for this infrastructure bank that puts
together. This book is about how to do this. It's not about politics. He'll -- his politics will improve when the
gets better. But the
need to send a signal to
that they want them to work together. Not that he's right all the time or that I was right. They got to work together.
All right, well, clearly you want us all to work together so we can get back to work. And
, thank you for caring so much about
to write this book.