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'Secretary of Explainin' Stuff' vs. 'The Decider'

Former President Bill Clinton was back on the campaign trail today, making four stops in Florida.

Former President Bill Clinton was back on the campaign trail today, making four stops in Florida.

Clinton, the 42nd president, has proven to be one of the most effective surrogates for President Obama. Clinton has held at least 13 events in seven states over four days this week alone, drawing crowds of thousands.

But what about the 43rd president? Four days before the election, former President George W. Bush is not out on the campaign trail for his party’s nominee, Mitt Romney. Instead, he’s probably reflecting on his closed-door speech on tax shelters in the Cayman Islands.

Bush was the scheduled keynote speaker Thursday night at the $4,000-per-person Cayman Alternative Investment Summit at The Ritz-Carlton on Grand Cayman Island. According to the summit website, "institutional investors, private investors, asset allocators, fund managers, service providers, academics and regulators will benefit from the discussion on the future of the industry."

We wish we had more details to share with you, but organizers have been forbidden to disclose information.

"We've got a complete blackout on discussing the Bush details," spokesman Dan Kneipp told the Associated Press. The restrictions were imposed by the former president's staff, he said.

Well, some things never change.

“The amazing thing about this story is that [Bush] chose to do this, knowing Mitt Romney's history, knowing Mitt Romney's story, his money in the Cayman Islands. Bush chose to do this five days before an election,” Michael Tomasky of The Daily Beast told The Ed Show Thursday night.

Romney has personally invested some $25 million in Cayman Islands-registered funds. And, his former company Bain boasts more than a hundred Cayman funds.

On the other hand, you've got Bill Clinton, who has been terribly effective for President Obama. What's in it for Clinton? He clearly enjoys the spotlight. But he probably has another motivation for helping Obama.

"If Hillary Clinton still has an eye cast toward the White House, I think it's much better for her," said Tomasky. "It would be much easier for her in 2016 if Obama is re-elected," he added, as the experts agree it's generally easier to win an open race than challenging an incumbent.