Bill Clinton said that President Obama’s economic recovery efforts were “beating the clock” historically in comparison to other economies that have been through similar tumult, the Boston Globe reports.
Said Clinton: “If you go back 500 years, whenever a country’s financial system collapses, it takes between five and 10 years to get back to full employment. If you go back for the last 200 years, when buildings had been widely owned by individuals and companies, if there’s a mortgage collapse, it almost always takes 10 years.”
He added: “He’s beating the clock, not behind it. Don’t listen to those Republicans. We are beating the clock.”