As many already know, France and Greece desided they didn't want to work hard or sacrifice anything and took a MASSIVE left hand turn yesterday during there elections. France voted, for the first time in 25 years, a Socialist President and Greece voted in large numbers of radical left wing memeber to parlament.
Both of these groups promised, more taxes, more govt spending and more govt jobs. This morning, the World Bank said that Greece's 100+ billion loan is now on hold and they expect Greece to go under just before the US elections. They also expect that France will be in Greece's state in less then 15 months.
Both of these actions will bring the economy of the EU to a halt and they expect markets to drop. This will cause the American Markets to drop and a good chance that by Oct and Nov we are back to not creating any more jobs.
Obama's only option will be for the US to loan Greece and France more money. We all know this won't go over well in the US.
Will the elections in France and Greece doom any chance Obama had?
Right now the USA Today poll has Obama and Romney in a dead heat, but they give Romney a 15 point lead over Obama when it comes to the economy.