The Big Threat to Obama

It's Europe, according to Niall Ferguson, at Newsweek, "How Europe Could Cost Obama the Election":

Could Europe cost Barack Obama the presidency? At first sight, that seems like a crazy question. Isn’t November’s election supposed to be decided in key swing states like Florida and Ohio, not foreign countries like Greece and Spain? And don’t left-leaning Europeans love Obama and loathe Republicans?

Sure. But the possibility is now very real that a double-dip recession in Europe could kill off hopes of a sustained recovery in the United States. As the president showed in his anxious press conference last Friday, he well understands the danger emanating from across the pond. Slower growth and higher unemployment can only hurt his chances in an already very tight race with Mitt Romney.

Yeah, but seems like this argument feeds the administration's blame game.

Either way, things keep going downhill for the Dems.

Read it all at that top link.