The biggest danger Obama faces is that a black economic cloud will drift across the Atlantic over the next year and explode over the US. The current US recovery is so fragile, Obama’s advisers fear a sharp turn for the worse in Europe could quickly plunge the US economy back into trouble. It is hard enough for Obama to win re-election with unemployment higher than 9% . But if more than one in 10 Americans were officially out of work, he would be really struggling.
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