Yahoo! News - Latest News & Headlines: Europe's bad mood: Does Obama need to worry?

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Europe's bad mood: Does Obama need to worry? May 8th 2012, 22:30 By JIM KUHNHENN | Associated Press – 10 mins ago WASHINGTON (AP) — The financial upheaval caused by the recent European elections poses a threat to the United States that could undermine President Barack Obama's efforts to cast himself as the agent of a U.S. economic revival. The danger for Obama is that any debt crisis caused by chaos in Greece and a change of leadership in France will spill over to the United States, slow an already weak recovery and jeopardize his re-election. For Mitt Romney, Obama's all-but-certain Republican presidential challenger, the results in Europe underscore how deeply economic unease affects politics. They feed his camp's underlying storyline: that Obama's economic policies would not safeguard the United States from a widening European recession. Still, the elections offer a cautionary tale for candidates proposing deep cuts in government spending. Play Video Obama visits LCCC WEWS-Cleveland Obama, Romney clash on jobs report AP Obama campaign emphasizes economy in … President Barack Obama's re-election team, seeking to infuse a bit of &#8230 Full Story »Obama campaign emphasizes economy in newest ad Associated Press Play Video Campaigns Attack Each Other Online WMUR - Manchester Most Popular Romney taking credit for auto industry success South Korea seizes capsules containing powdered flesh of dead babies 4 high-tech ways the federal government is spying on private citizens Fighter Pilots Claim Intimidation Over F-22 Raptor Jets Julia Orayen, former Playboy Playmate, steals the show at Mexican debate Woman 'Quite Traumatized' by Cheetah Attack, Husband Is Angry First photo of Charlize's baby boy Chelsea Clinton's strict childhood rules Tom Brady's interesting new hairdo Gold-medal winner who almost quit [ [ [['A picture is worth a thousand words', 5]], 'http://news.yahoo.com/why-facebook-bought-instagram-4-theories-160400376.html', '[Related: Why Facebook bought Instagram: 4 theories]', ' ', '630', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 9]], 'http://contributor.yahoo.com/join/yahoonews_virginiabeach', '[Did you witness the jet crash? 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