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Bill Clinton: Bush Tax Cuts 'Immoral', 'Unethical'
Ex-president Bill Clinton is blasting President Bush's economic policies as "immoral" and "unethical," saying he blames administration tax cuts for increasing hostility towards the U.S. around the world. "I hear all this talk about family values and all this stuff," Clinton told an audience at the University of Minnesota on Saturday, before explaining how an old friend had been hurt by cuts in subsidies for Americans in need while the wealthy got tax cuts. "I resent it," Clinton said, his voice rising in anger. "I think it's immoral, I think it's unethical." "Nobody ever explains what the meaning of those tax cuts are," he told the crowd. "So we're going to give them their tax cuts first and then go ask the Chinese to loan us money to help save the lives of the young men and women we send into combat." The Minnesota crowd applauded as the ex-president continued to paint the White House as fiscally irresponsible in a way that shortchanges other countries.
Story Continues Below "We think it's important to help poor people in the world but we're going to suck up 80 percent of the savings in the world, which could be going to invest somewhere else because we think tax cuts for people who make a million dollars a year are more important," he railed. "I don't think it's ethical. And I know it's terrible economics," Clinton declared, before tying the Bush tax cuts to increasing U.S. unpopularity around the world. "Until this country walks away from it, we are going to pay the price. They know we do this. Don't you think people around the world know we do this? And don't you think this has something to do with the way they look at us?" Clinton touted his own economic record, saying it compared favorably with the supply side policies implemented under President Reagan and Bush 41. "When I was president we moved 100 times more people out of poverty than in the previous twelve years and 50,000 more jobs and had middle class incomes rising and more millionaires and billionaires than ever before," he claimed. "So we can go forward together - but not if people like me demand a free ride while we send the children of middle class America and poor America around the world to put their lives in danger, and refuse to pay for it." "That's wrong, it's just wrong," Clinton insisted. Editor's note:
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