(LAUGHTER)
In Tampa, the Republican argument against the president's re- election was actually pretty simple, pretty snappy. It went something like this: "We left him a total mess. He hasn't cleaned it up fast enough, so fire him and put us back in."
(LAUGHTER)
(APPLAUSE)
Now -- but -- but they did it well. They looked good, they sounded good. They convinced me...
(LAUGHTER)
... that they all love their families and their children, and we're grateful they've been born in America, and all -- really, I'm not being -- they did.
(LAUGHTER)
And this is important. They convinced me they were honorable people who believe what they've said and they're going to keep every commitment they've made. We've just got to make sure the American people know what those commitments are.
(APPLAUSE)
Because -- because in order to look like an acceptable, reasonable, moderate alternative to President Obama, they just didn't say very much about the ideas they've offered over the last two years. They couldn't, because they want to go back to the same, old policies that got us in trouble in the first place.
They want to cut taxes for high-income Americans even more than President Bush did. They want to get rid of those pesky financial regulations designed to prevent another crash and prohibit federal bailouts. They want to actually increase defense spending over a decade $2 trillion more than the Pentagon has requested, without saying what they'll spend it on. And they want to make enormous cuts in the rest of budget, especially programs that help the middle class and poor children.
As another president once said, there they go again.
(APPLAUSE)
Now, I like...
(APPLAUSE)
I -- I like the argument for President Obama's re-election a lot better. Here it is. He inherited a deeply damaged economy. He put a floor under the crash. He began the long, hard road to recovery and laid the foundation for a modern, more well-balanced economy that will produce millions of good, new jobs, vibrant new businesses, and lots of new wealth for innovators.
(APPLAUSE)
Now, are we where we want to be today? No. Is the president satisfied? Of course not. But are we better off than we were when he took office? (APPLAUSE)
Listen to this. Listen to this. Everybody (inaudible)
(APPLAUSE)
Everybody (inaudible) when President Barack Obama took office, the economy was in freefall. It had just shrunk 9 full percent of GDP. We were losing 750,000 jobs a month. Are we doing better than that today?
AUDIENCE: Yes!
CLINTON: The answer is yes. Now, look. Here's the challenge he faces and the challenge all of you who support him face. I get it. I know it. I've been there. A lot of Americans are still angry and frustrated about this economy. If you look at the numbers, you know employment is growing, banks are beginning to lend again, and in a lot of places, housing prices have even began to pick up.
But too many people do not feel it yet. I had this same thing happen in 1994 and early '95. We could see that the policies were working, that the economy was growing, but most people didn't feel it yet. Thankfully, by 1996, the economy was roaring, everybody felt it, and we were halfway through the longest peacetime expansion in the history of the United States. But...
(APPLAUSE)
... the difference this time is purely in the circumstances. President Obama started with a much weaker economy than I did. Listen to me now. No president, no president -- not me, not any of my predecessors -- no one could have fully repaired all the damage that he found in just four years.
(APPLAUSE) (APPLAUSE)
CLINTON: Now -- but he has -- he has laid the foundations for a new, modern, successful economy of shared prosperity. And if you will renew the president's contract, you will feel it. You will feel it.
(APPLAUSE)
Folks, whether the American people believe what I just said or not may be the whole election. I just want you to know that I believe it. With all my heart, I believe it.
(APPLAUSE)
Now, why do I believe it? I'm fixing to tell you why. I believe it because President Obama's approach embodies the values, the ideas, and the direction America has to take to build a 21st-century version of the American dream, a nation of shared opportunities, shared responsibilities, shared prosperity, a shared sense of community.
So let's get back to the story. In 2010, as the president's recovery program kicked in, the job losses stopped and things began to turn around. The Recovery Act saved or created millions of jobs and cut taxes -- let me say this again -- cut taxes for 95 percent of the American people.
(APPLAUSE)
And in the last 29 months, our economy has produced about 4.5 million private-sector jobs.
(APPLAUSE)
We could have done better, but last year the Republicans blocked the president's job plan, costing the economy more than a million new jobs. So here's another job score. President Obama: plus 4.5 million. Congressional Republicans: zero.
Bill Clinton said it all! Another 4 years for Pres Obama!
http://www.youtube.com/watch?v=IGFAph3lWqw
No thanks.