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Clinton. >> bill clinton will describe the economic policy that led to the greatest economic expansion in a century. >> in the clinton era we had a technology boom, balanced budget, a very accommodative fed easing rates. right now we have no new tech boom. we do not have a balanced budget. and the fed can't cut rates any more. the situation is not comparable. >> bret: as we get ready for president clinton to give a speech endorsing president obama on wednesday, the big keynote address, a quick look at the presidencies. first on jobs. president clinton, the average jobless rate in his two terms...

"outfront" tonight, mitt makes a bold promise. 12 million jobs. take a look at this ad in the wall street journal. written my romney's top economic advisor. first of all i want to draw your attention to the cartoon. there is obama on a tortoise with a whip. and romney on a horse going so fast that his tie and horse tail are flying in the wind. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs...

take a look at this ad in the wall street journal. first of all i want to draw your attention to the cartoon. there is obama on a tortoise with a whip. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs in his first term and millions more after that. which means 250,000 jobs each and every single one of his 48 months in office. he says he will do that by cutting regulations and cutting taxes. ...

>> we aren't in the 1990s. we don't have a tech in logical boom. >> we had a balanced budget, an accommodattive fed easing rates. now we have no new tech boom. we do not have a balanced budget. the fed can't cut rates more. >> nevertheless, counter to the president's earlier warnings the white house insists the higher tax rates will do nothing to hurt economic growth. >> under president clinton, marginal rates at that level, weren't in place when we saw the substantial economic growth and job creation. >> officials concede this economy is far different from the clinton one. >> the economy is n...

Technically, the tech boom took off around '95. but it was a little later. the reason that president clinton did that is the deficit. he did not want to raise taxe taxes. but we needed to raise taxes. what obama is doing a clear political ploy to align himself with clinton. what he is saying is completely true. it's just taking on clinton rates which were not terribly high. >> this guy has been in office for a full term. the plan as i remember, obama plan was cap and trade. trillion-dollar stimulus and obamacare. that was the plan. regulation wall street, all kind of regulation, hyper regulati...