Veronica is correct, the quote is taken completely out of context. What Drudge etc. left off were the paragraphs afterwards. Clinton was putting forward a hypothetical which he then dismissed as not being viable immediately afterwards. It also supports Teri's post about his commitment to green economics.
If you want to hear exactly what Clinton said in his speech it can be found here. It's near the end (about 90% through) of Clinton Speech Pt. 1.
This is what Bill said (my bolding):
Quote:
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Originally Posted by Bill Clinton on Global Warming
Everybody knows that global warming is real but we cannot solve it alone.
And maybe America, and Europe, and Japan, and Canada — the rich counties — would say, ‘OK, we just have to slow down our economy and cut back our greenhouse gas emissions ’cause we have to save the planet for our grandchildren.’ We could do that.
But if we did that, you know as well as I do, China and India and Indonesia and Vietnam and Mexico and Brazil and the Ukraine, and all the other countries will never agree to stay poor to save the planet for our grandchildren. The only way we can do this is if we get back in the world’s fight against global warming and prove it is good economics that we will create more jobs to build a sustainable economy that saves the planet for our children and grandchildren. It is the only way it will work.
And guess what? The only places in the world today in rich countries where you have rising wages and declining inequality are places that have generated more jobs than rich countries because they made a commitment we didn’t. They got serious about a clean, efficient, green, independent energy future… If you want that in America, if you want the millions of jobs that will come from it, if you would like to see a new energy trust fund to finance solar energy and wind energy and biomass and responsible bio-fuels and electric hybrid plug-in vehicles that will soon get 100 miles a gallon, if you want every facility in this country to be made maximally energy efficient that will create millions and millions and millions of jobs, vote for her. She’ll give it to you. She’s got the right energy plan.
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