Europe's bad mood: Does Obama need to worry? - WAOW - Newsline 9, Wausau News, Weather, Sports

Europe's bad mood: Does Obama need to worry?


The financial upheaval caused by the recent European elections poses a threat to the United States that could undermine President Barack Obama's efforts to cast himself as the agent of a U.S. economic revival.

The danger for Obama is that any debt crisis caused by chaos in Greece and a change of leadership in France will spill over to the United States, slow an already weak recovery and jeopardize his re-election.

For Mitt Romney, Obama's all-but-certain Republican presidential challenger, the results in Europe underscore how deeply economic unease affects politics. They feed his camp's underlying storyline: that Obama's economic policies would not safeguard the United States from a widening European recession. Still, the elections offer a cautionary tale for candidates proposing deep cuts in government spending.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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