Weekend Economists Chart the Bradbury Chronicles, June 8-10,2012

[Demeter]

59. Obama takes more strident tone with Europe

President Barack Obama on Friday took a more strident tone with Europe in contrast to two years of quiet prodding, urging the region’s leaders to aid the troubled banking sector and warning of the fallout if Greece were to leave the euro zone.

And on the domestic front, the president ignited a fire-storm of reaction when he said in a brief news conference that “the private sector is doing fine,” noting that the American labor market had created 800,000 jobs in the last year.

Obama later backed away from his remarks on the economy, saying that it was “absolutely clear that the economy is not doing fine.”

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http://www.marketwatch.com/story/obama-takes-more-strident-tone-with-europe-2012-06-08