After weeks and weeks of Obama & Co. flogging the issue, Bill Clinton, of all people injects some sanity into the conversation.

"Having spent weeks working towards this exercise in demagoguery, the Obama administration then watched Bill Clinton demolish it before the day was out. Speaking to CNBC from his Clinton Global Initiative in New York, Clinton took the blame for the high corporate tax rate and said that the solution is … exactly what the Republicans say it is:

When asked whether inversions — the practice of American companies acquiring a small overseas rival and reincorporating abroad to lower their tax bills — are unpatriotic, as many critics say, Mr. Clinton said that publicly traded companies, in particular, “feel duty bound to pay the lowest taxes they can pay.”

“I should make full disclosure here,” Mr. Clinton told CNBC’s Becky Quick. “I signed and supported the bill that raised the corporate taxes in America to the level they are now.”

But, he said it was a different environment when he was in office. “We were deciding we had to reduce the deficit to get interest rates down and spark an investment boom in America, and it worked,” Mr. Clinton said.

The former president added that it’s Treasury Secretary Jacob L. Lew’s job to get as much revenue as possible from corporations, but that the tax rate should not be higher than the average rate of countries in the the Organization for Economic Cooperation and Development, or O.E.C.D.

“We have the highest overall corporate tax rates in the world, and we are now the only O.E.C.D. country that also taxes overseas earnings,” Mr. Clinton said. “A lot of these executives, even if they wanted to bring the money home, they think this is crazy.”

How this is tied into Hillary's attempts to differentiate herself from Bambi is unclear but the article does note, "This also serves as a reminder that Bill likes to speak his mind, and might be a loose cannon for Democrats in 2016 and perhaps even in the waning weeks of the midterms."

http://hotair.com/archives/2014/09/24/bi...mpaign=haupdate