There Are Only Three Presidents at a Time

Does this sound like a man who’s accepted his place in the shadows?

The United States is at risk of sinking into deflation and president-elect Barack Obama has no choice but to put the country further into debt, former US president Bill Clinton said Friday.

Clinton not only knows what Obama “has to” do about this, but is ready with the next step, too:

“He has to put a floor under the asset values and then use the government’s spending ability to stimulate economic activity. Then when we resume growth we should adopt a more conservative and traditional budget policy,” he said.

This is going to be fun.