Former President Bill ClintonBill ClintonMoulitsas: Trump’s warped sense of reality Syrian safe zones: Trump's best bet for refugee relief, regional stability Chelsea Clinton attends Muslim solidarity rally in NYC MORE on Monday accused Republican presidential nominee Mitt Romney and the Republican Congress of having "adopted Europe's economic policies" of austerity.
Speaking at a New York fundraiser for President Obama, Clinton said Obama has the "right" economic policy to promote job growth and long-term budget restraint.
The comments come as European countries attempt to resolve the Euro crisis that has plagued the markets in recent weeks.
The former president — speaking at the home of a hedge fund manager — added that "the politics is wrong on the Republican side, the economics are crazy."
Clinton said Romney would be "calamitous" for the country and the world. Obama, he said, has good politics, he's got a good record, he's made the best of a very challenging situation, he deserves to be reelected."