Bill Clinton: “Well, his time--term runs out at some point, and at some point it will be appropriate for the two of us to talk. But I…”

“Well, his time--term runs out at some point, and at some point it will be appropriate for the two of us to talk. But I think until the two of us talk, it would be just foolish for me to say anything. It would only cause--whatever I say might be rendered moot by the conversation we have. So I just don't think I should. But I think the important thing is for the American people to know that I support the direction he's taken, and I think he's done a good job. And I've tried not to meddle, and I'm not supposed to. Since you brought him up, though, I think I ought to mention that he, along with others, have pointed out that if we don't pay the debt down and we still have a tax cut that's too big, it will increase the chances of inflation, which will increase the likelihood of interest rate increases. And all the benefits the American people could get in a tax cut, including upper income people, could be taken away by higher interest rates, which not only take more money out of people's pockets directly but will slow economic growth. So I think that that's another thing that ought to be hammered home about this tax cut. Why should we do something on the one hand if we're going to lose the benefit of it from higher interest rates and lower growth? New Markets Initiative Ms. Gharib. I don't want to tackle with you on that, but I do want to talk to you more about economic growth. I'd like to talk to you about your new markets initiatives. The economy has had this wonderful run and it's been growing for so long, and it's even benefited a lot of the people who are living in economically distressed areas.”