UPDATE 2:  Fact Check on that long speech that WJC gave in support of teh won.  I also did not hear anything about how teh won has increased the debt to home many trillions?

THE FACTS: From Clinton’s speech, voters would have no idea that the inflexibility of both parties is to blame for much of the gridlock. Right from the beginning Obama brought in as his first chief of staff Rahm Emmanuel, a man known for his getting his way, not for getting along.

One of the more high-profile examples of a deal that fell apart was the outline of a proposed “grand bargain” budget agreement between Obama and House Speaker John Boehner in 2011.

The deal would have required compromise from both sides. It slashed domestic spending more than most Democrats wanted and would have raised some taxes, which most Republicans oppose.

Boehner couldn’t sell the plan to tea party factions in the House or to other conservative activists. And Obama found himself accused of going too far by some Democratic leaders. The deal died before it ever even came up for a vote.

In another instance, Obama appointed a bipartisan group, known as the Simpsons-Bowles Commission, to recommend ways to fix major fiscal problems like Social Security and Medicare. The commission issued its recommendations but fell three votes short of formally endorsing them. And Obama mostly walked away from the report. He later incorporated some of the less contentious proposals from the report into legislation he supported.

But that ensured the tough compromises would not get made.

The problem with compromising in Washington is that there are few true moderates left in either party. The notion that Republicans are the only ones standing in the way of compromise is inaccurate.

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CLINTON: Clinton suggested that Obama’s health care law is keeping health care costs in check.

“For the last two years, health care spending has grown under 4 percent, for the first time in 50 years. So, are we all better off because President Obama fought for it and passed it? You bet we are.”

THE FACTS: That’s wishful thinking at best. The nation’s total health care tab has been growing at historically low rates, but most experts attribute that to continued uncertainty over the economy, not to Obama’s health care law.

Two of the main cost-control measures in Obama’s law — a powerful board to keep Medicare spending manageable and a tax on high cost health insurance plans — have yet to take effect.

Under the law, Medicare has launched dozens of experiments aimed at providing quality care for lower cost, but most of those are still in their infancy and measurable results have yet to be obtained. Former administration officials say the law deserves at least part of the credit for easing health care inflation, but even they acknowledge that the lackluster economy is playing a major role.

Meanwhile, people insured through the workplace by and large have seen little relief from rising premiums and cost shifts. According to the nonpartisan Kaiser Family Foundation, the average premium for job-based family coverage rose from $13,375 in 2009 when Obama took office to $15,073 in 2011. During the same period, the average share paid by employees rose from $3,515 to $4,129.

While those premium increases cannot be blamed on the health care law — as Republicans try to do — neither can Democrats claim credit for breaking the back of health care inflation.

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CLINTON: “I know many Americans are still angry and frustrated with the economy. … I experienced the same thing in 1994 and early 1995. Our policies were working but most people didn’t feel it yet. By 1996, the economy was roaring, halfway through the longest peacetime expansion in American history.”

THE FACTS: Clinton is counting on voters to recall the 1990s wistfully and to cast a vote for Obama in hopes of replicating those days in a second term. But Clinton leaves out the abrupt downward turn the economy took near the end of his own second term and the role his policies played in the setting the stage for the historic financial meltdown of 2008.

While the economy and markets experienced a record expansion for most of the rest of Clinton’s two-term presidency, at the start of 2000, there were troubling signs. Then-Federal Reserve Chairman Alan Greenspan warned in February 2000 that “we are entering a period of considerable turbulence in financial markets.”

Sure enough, the tech-heavy Nasdaq composite stock index and the Dow Jones industrial average both peaked in March 2000. The bursting of the high-tech bubble dragged down the economy and markets through the rest of the year. From September 2000 to January 2001 when Clinton left office, the Nasdaq dropped 46 percent. Even now, in 2012, the Nasdaq has not returned to its 2000 peak. By March 2001, the economy toppled into recession.

Also, as president, Clinton supported the 1999 repeal of the Glass-Steagall Act, a law dating back to the Great Depression that separated banking from high-risk financial speculation. Robert Rubin, who had been Clinton’s first treasury secretary, helped broker the final deal on Capitol Hill that enabled the repeal legislation to pass. Some financial historians say the repeal of the law paved the way for banks to invest in risky investments like mortgage-backed securities and collateralized debt obligations that played a role in the 2008 financial meltdown.

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CLINTON: “Their campaign pollster said, ‘We’re not going to let our campaign be dictated by fact checkers.’ Now that is true. I couldn’t have said it better myself — I just hope you remember that every time you see the ad.”

THE FACTS: Clinton, who famously finger-wagged a denial on national television about his sexual relationship with intern Monica Lewinsky and was subsequently impeached in the House on a perjury charge, has had his own uncomfortable moments over telling the truth. “I did not have sexual relations with that woman, Miss Lewinsky,” Clinton told television viewers. Later, after he was forced to testify to a grand jury, Clinton said his statements were “legally accurate” but also allowed that he “misled people, including even my wife.”

UPDATE:  Really snotty Team Zero…trashy, unclassy, jerks. 

Can you explain this one to me? Why did team Obama schedule Monica Lewinsky’s Rabbi to deliver the benediction after Clinton speaks.
ABC reports:

Rabbi David Wolpe of Los Angeles’ Sinai Temple, where Monica Lewinsky and her family were congregation members for decades and where Lewinsky attended religious school, is scheduled to deliver the benediction at the Democratic National Convention tonight — not long after Bill Clinton speaks.

Not only was Wolpe the Lewinsky family’s rabbi, he also sharply condemned President Clinton at the time his sexual relationship with Lewinsky, then a 24-year-old White House intern, was dominating national headlines. . . .

In 2009, Wolpe wrote a commentary in the Washington Post reflecting on the episode, which resulted in Clinton’s impeachment but not his removal from office: “During the Lewinsky scandal, it was the lying and smearing of Monica Lewinsky that marked the low point of the event, not the sex, which was primarily an issue for the individuals and families involved.”

Enjoy William Jefferson Clinton’s speech tonight.  It will be a sore spot for many.  A reminder of what a “real” POTUS is.

I sure won’t forget what Team Zero said and did, so that they could take seat.  Reminds me of those nasty children who would pull chairs out during musical chairs.

1. “The idea that one of these campaigns is positive and the other is negative when I know the reverse is true and I have seen it and I have been blistered by it for months is a little tough to take. Just because of the sanitizing coverage that’s in the media doesn’t mean the facts aren’t out there.” — Jan. 7, 2008; New Hampshire campaign stop

2. “I think that they played the race card on me. We now know, from memos from the campaign, that they planned to do it all along.” — April 21, 2008, WHYY News Radio

3. “In theory, we could find someone who is a gifted television commentator and let them run. They’d have only one year less experience in national politics.” — Dec. 15, 2007, PBS’s “Charlie Rose

4. “Give me a break. This whole thing is the biggest fairy tale I’ve ever seen.” — Jan. 7, 2008, addressing Obama’s record on Iraq during a New Hampshire stop

5. “Hillary’s opponent, in his entire campaign, every two or three weeks has said for months and months and months, beginning in Nevada, that really there wasn’t much difference in how America did when I was president and how America’s done under President Bush. Now, if you believe that, you should probably vote for him, but you get a very bad grade in history.” — April 17, 2008, Lock Haven, Pa., campaign speech

6. “Jesse Jackson won South Carolina in ’84 and ’88. Jackson ran a good campaign. And Obama ran a good campaign here.” — Jan. 26, 2008, to reporters in Columbia, S.C.

7. “I mean, when’s the last time we elected a president based on one year of service in the Senate before he started running? I mean, he will have been a senator longer by the time he’s inaugurated, but essentially once you start running for president full time you don’t have time to do much else.” — Dec. 15, 2007, PBS’s “Charlie Rose

8. “Oh, I think yes.” – Dec. 20, 2011, Fox News, when asked if the media favored Barack Obama during the 2008 election.

Bill Clinton’s 8 digs at Obama.

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