WASHINGTON (Feb. 16) - Former President Bill Clinton said Monday he thinks the country will surmount the current economic crisis, but sees the threat of terrorism and global instability as a longer-term problem.
Clinton also gave President Barack Obama high marks for the $787 billion economic stimulus bill that Obama will sign into law as early as Tuesday.
I think he's off to a good start," Clinton said. "I think he's got a good team."
Clinton added that had he and his economics team been in office the last eight years, the economy would not have tanked.
Asked his perspective on how the country fell into such economic hard times, Clinton responded in an NBC "Today" show interview by asking rhetorically: "Did any of them seriously believe that if I had been president and my economic team had been in place the last eight years, that this would be taking place."
He said he thought Obama's White House handled the stimulus issue relatively well, "given the fact they had to do it in a hurry."
Clinton also said he believes the massive bill, which combines spending and tax cuts, will be "our bridge over troubled waters."
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