“The only way to turn the economy around is to turn the economy loose.” -David Mamet

Even William Jefferson Clinton realizes this.

From GlobalPost.com:

Former President Clinton broke with President Obama on extending the Bush-era tax cuts, saying on Tuesday that they should be renewed temporarily in the current economic climate, according to Politico.

Speaking on CNBC, Clinton said, “That’s probably the best thing to do right now.” He added, “But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people. And I don’t think the president should do that.”

The tax cuts, which were passed in 2001 and 2003, will expire early next year and Democrats want to extend them for everyone except the wealthy while the Republicans want them renewed across the board.

Bill Clinton also typified Romney’s presence as “sterling.”

Bill Clinton praised Republican Presidential nominee Mitt Romney’s business career in an interview on CNN’s “Piers Morgan Tonight” on Thursday, calling his record as CEO of Bain Capital “sterling.”

“I don’t think that we ought to get into the position where we say ‘This is bad work. This is good work,'” said the former Democratic President, speaking of Romney’s role in the private equity industry. “I think the real issue ought to be, what has Governor Romney advocated in the campaign that he will do as president? What has President Obama done and what does he propose to do? How do these things stack up against each other?”

Clinton’s comments about Romney directly undermine Obama’s re-election campaign strategy, which has sought to portray Romney as a rampant capitalist who is out of touch with ordinary American voters, The New York Times’ Caucus blog pointed out.