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Wednesday, May 9, 2012

''Will Obama Suffer Sarkozy's Fate?''

From American Thinker

''Speculation about Europe's impact on Mr. Obama's election prospects is simple.  Rumblings that full-blown profligacy is returning to Western Europe makes trouble in the short term.  A return to unrestrained borrowing and spending in Europe would hasten the day of a financial crash.

Pledging to rev-up borrowing, debt, and printing more Euros roils markets, in Europe and in the U.S.  Roiled American financial markets aren't good for the economy or Mr. Obama's "Forward" campaign ("Forward" to an economic cliff).  Quicker financial and economic decline in Europe will inevitably have adverse spillover in the U.S.''

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