Presidents should be allowed to serve more than two terms in office, Bill Clinton said Tuesday, adding that such a change wouldn't apply to him.
"People are living longer, people are developing greater capacities, so I've always thought that should be the rule, not to affect me or anyone that's served, but going forward," Clinton said on MSNBC's "Morning Joe."
He specifically mentioned former President Reagan and Sen. John McCain (R-Ariz.) as examples of politicians who have had fruitful careers into the later parts of their lives.
Such a change would require a constitutional amendment. Clinton did note there should be at least a four-year break between a president's first two terms and any attempt to serve a third.
The former president is making the media rounds to discuss his new book, Back to Work, which contains his thoughts on how to fix the economy.
Clinton said he believes the most important way to spur job creation is to get banks to lend again.
"One of the things that bothers me is that they're not making small-business loans the way they used to," he said.
He also said he recommends the establishment of an infrastructure bank with both private and public capital. Clinton told MSNBC that he believes a resurgence in high-end manufacturing is possible and will boost the economy.
He also defended President Obama's record on the economy, saying the current president deserves more credit than he is getting for his policies.
"Americans hire presidents to win for them. He understands that, but they just need to understand that this is going to take some time to get out of and we need to begin," Clinton said.
He said the only way to solve the country's economic problems will be to implement a strategy that relies on both the private sector and the government.
