U.S. Candidates Accuse Each Other of Being Too European

At an Obama fundraiser in Manhattan on June 2, Bill Clinton previewed a new economic script for the president’s campaign. “Why aren’t things roaring along now?” he asked. “Because Europe is in trouble and because the Republican Congress has adopted the European economic policy.” That European policy, he said, was “austerity and unemployment now at all costs.” He’d rehearsed the same line four hours earlier at a fundraiser in the private home of a hedge fund executive, Bloomberg Businessweek reports in its June 11 issue.

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