• Bill Clinton Admits to Inappropriate Relationship with Bush Tax Cuts

    This week  Bill Clinton said that the Bush tax cuts, which expire in January, should be temporarily renewed, including for the richest Americans, to give Congress time to reach a deal on a long term extension that would ultimately exclude tax cuts for the wealthy. It's a position that put him at odds with the Obama administration, which agreed to a temporary extension during last's year debt ceiling negotiations but has argued against further tax cut extensions for Americans earning over $250,000.

    Yesterday, Bill Clinton expressed regret for his comments

    I'm very sorry about what happened," Clinton said in an interview to air on CNN's "The Situation Room with Wolf Blitzer." "I thought something had to be done on the 'fiscal cliff' before the election. Apparently nothing has to be done until the first of the year…"

    He continued: "Once I realized that nothing had to be done until the first of the year, I supported (Obama's) position. I supported extending them last year, but I think his position is the right one and necessary for working out a comprehensive (deficit reduction) deal."

    It certainly seems sincere, though you have to wonder about the Morse code-like tapping of his fingers throughout the interview, using the arm not cast in a sling.

    Photo by Johannes Simon/Getty Images News/Getty Images

    Tags: Barack Obama, Bill Clinton, CNN, Taxes


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