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From foe to ally: Why Bill Clinton is coming to Obama's rescue (+video)

Former President Clinton will make the case for a second Obama term at the DNC Wednesday night – the culmination of a stunning transformation of the two men's relationship.

Following Bill Clinton's rousing DNC speech, Obama campaign officials tell CBS News they've lined up a plan to get the former president to hit the road with his message in swing states.
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Bill Clinton is in the building, and Democrats are eager to see their Elvis take the stage.

The former president will nominate President Obama for reelection Wednesday night – an unusual role for an ex-president – and deliver his best argument for four more years. As the Democrats’ most gifted politician, bar none, Mr. Clinton is expected to make the case for Mr. Obama better than Obama himself can.

Delegates from Clinton’s home state of Arkansas, who hosted the former president at a fundraiser here in Charlotte Tuesday night, have already had a taste of what he’ll say.

"This economy that [Obama] inherited was profoundly ruined. Nobody who's ever served – no one, including me – has ever been expected to turn it around overnight," Clinton said, according to The Huffington Post.

Clinton alluded to the 9 percent decline in GDP in the final quarter of 2008, right before Obama took office.

“That's almost Depression-level shrinkage,” he said. “And I'll give you the details tomorrow night, but that's quite a blow."

It’s the next part of Clinton’s argument that will matter more: Why Obama deserves four more years, and what he would do with that time. Last year, Clinton wrote an entire book about how to revive the American economy. He supported Obama’s jobs plan, which calls for investments in infrastructure, hiring more state and local workers, and middle-class tax cuts. And here’s the tricky part: He also backed the December 2010 recommendations of Obama's bipartisan Simpson-Bowles commission on deficit reduction. In perhaps the most pivotal moment of his presidency, Obama thanked the commission for its work, then did little with its plan.


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