Bill Clinton says Romney would be 'calamitous for US, world'

Washington, June 5 (ANI): Former US President Bill Clinton has said that Republican Presidential candidate Mitt Romney would be 'calamitous for America and the world.'

"The politics is wrong on the Republican side, the economics are crazy," Clinton said at a fundraiser in New York.

Clinton, who recently praised Romney's "sterling business career," argued that Republicans' "economics are wrong-headed and their politics are worse."

"The Republican Congress and their nominee for President, Governor Romney, have adopted Europe's economic policies," ABC News quoted Clinton, as saying.

"Their economic policy is austerity and unemployment now, and then a long term budget that would explode the debt when the economy recovers so the interest rates would be so high nobody would be able to do anything," he added.

According to the report, Clinton said that Barack Obama's policies provide "job growth now, and long term budget restraint."

He stressed that Obama has the "right economic policy and the right political approach."

"The president has good politics, he's got a good record, he's made the best of a very challenging situation, he deserves to be reelected," Clinton said, before joking that he "has a pretty good secretary of state too." (ANI)