05/17/2012 10:20 am ET Updated May 17, 2012

Rush Limbaugh: Bill Clinton Is 'Undercutting Obama Big Time' (AUDIO)

Rush Limbaugh accused Bill Clinton of "undercutting" President Obama for comments he recently made about taxing the wealthy to fix the economy.

Clinton was recently quoted as saying that taxing the wealthy alone will not entirely fix the economy. "We are all going to have to contribute to this,” Clinton said. He said he was not speaking on behalf of the White House, but thought that middle class Americans would accept returning to the tax rates they had during his administration if they saw their wages increase and the economy grow.

After doing a mean Clinton impression, Limbaugh accused Clinton of coming out and calling on tax increases on the middle class. "Is he doing Obama any favors here?" Limbaugh asked. "That is the exact opposite message of what Obama wants—is it not?"

Limbaugh said that Obama was on what he called a "class envy tour," campaigning around the United States and "trying to make everybody believe that the reason we have an economic problem is because we have rich people in the first place."

Limbaugh called Clinton's statement ironic, because he believed that Clinton was right. "Clinton is exactly right," Limbaugh said, "you can take everything rich have but you wouldn't balance the budget ever."

Limbaugh then concluded, "Clinton seems to differ on just about every Obama policy."