While you can still use these generic "Click here" KW's in minute amounts, it can be a bit bit of a red flag to overdo it, especially if you intend your site to be a long-term investment. There are a lot of ways to get creative with anchor text even with strictly blackhat/automated proceses, like highly skillful generic anchor text spinning (though it can be a bit more work than many want to put in, it is certainly worth it). With whitehat/greyhat manual link building, it's an easier process to feign naturality. IME the best way to figure out how to organize anchor texts for a particular site is to look at the leading website in your niche's. Look at KW density on-page and anchor text ratios and types offpage. I've noticed there is an inverse relationship between exact anchors and on-page kw optimization of when it come to ranking optimally without penalty. Too much of either onpage optimization or excessive exact anchors or heavily repeated generics can impact a site negatively. Long gone are the days of KW stuffing, unless you play it very well.
It's necessary to know that the acceptable anchor text ratios (generic/exact, etc) seem to vary dramatically from niche to niche -- one size does not fit all. Typically, it's a lot better to focus other generics, like single use kw anchors such "Jeff had a neat take on *topic*". Didn't mean to type so much; hopefully my free association word salad got the point across though; I'm drunk.