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Sunday, June 10, 2012

Obama's re-election chances diminish as Eurozone crisis deepens

Blogman's Notes: According to the above report, Obama pins US recovery hopes on Europe. Since there will be no recovery in Europe and since the much advertised US recovery is nothing more than smoke 'n' mirrors look for Obama to lose the Nov. US Presidential election.
U.S. President Barack Obama pauses while talking about the economy in the White House Press Briefing Room in Washington, June 8, 2012. REUTERS/Larry Downing

(Reuters) - President Barack Obama, beset by a faltering economic recovery five months before he seeks re-election, said on Friday European leaders must act urgently to resolve the region's financial crisis and stem the threat of recession.
Obama said decisions about how to solve the euro zone crisis were fundamentally in the hands of Europe's leaders and their political commitment would be a "strong step." He was speaking a week after a dismal U.S. jobs report heightened concerns about the impact of Europe's crisis on U.S. growth.

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