Clinton: ‘No big one silver bullet’

>>> former president bill clinton is out with a new book tonight. it's his fix for the u.s. economy . nbc's kate snow has an exclusive interview tonight beginning with the question -- how do we and how would he get americans back to work?

>> there is no big one silver bullet . but the most important thing we could do is to try to loosen up the big stores of cash. there are about $2 trillion in bank reserves uncommitted to loans. that money won't be loaned until we accelerate the resolution of the home mortgage crisis .

>> you say we need a simpler system to help people out of failed mortgages. are you saying the system we have at the federal level isn't cutting it now?

>> it's helped people but not enough. to be fair to the white house , a lot of this is beyond their control. what i proposed is a much more rapid resolution of it. basically write down the ones you can write down. extend the terms on ones you can extend the terms f. the person still can't make mortgage payments, offer them a five-year lease on the same home. let them pay rent.

>> one of the themes of the book again and again is we need a strong, effective government. are you saying we don't have one now?

>> no. i'm saying that the last election was fought over the idea that the government is the problem. if we just had less of it, everything would be all right.

>> it's a lot of what the tea party is saying.

>> yes. and i disagree with that. i want us to be practical and less id logical here. do what works. i think the occupy wall street people, i don't think they resent success. they resent being cut out of the chance to be a part of it. one of the best things about americans is we don't resent other people's success.

>> is president obama doing enough right now to create more jobs in the economy?

>> i agree with his energy policy . i'm a big fan of it. i think that the economic plan he's proposed is --

>> the jobs bill.

>> it's well conceived. there are other parts of the federal government he doesn't directly control that are slowing this recovery.

>> is the audience for the book the white house ?

>> first and foremost it's the american people . i want them to have hope that we can get out of this and i believe this. because i believe as i say repeatedly that both republicans and democrats have done good things in the past and are needed to do good things in the future and whether we like it or not what works in the economy is cooperation.

>> your wife, secretary clinton told savannah guthrie recently she's not running again, no way, no how. do you believe her?

>> i do. i still think she is uncommonly gifted and strong. you know, i think if she --

>> if she came to you, sir, and said, you know, i changed my pliend mooi mind. in 2016 i'm going to give it a shot again.

>> if that's what she wanted to do, i would support her. i'd take her at her word but i would support her. i always have. i always will.

>> there's more of this interesting interview on our website tonight. by the way, bill clinton will be live on "today" tomorrow morning.