Carolyn Kaster, Associated Press
WASHINGTON — The economy at risk, President Barack Obama accused Republicans on Friday of pursuing policies that would weaken the U.S. recovery. He simultaneously urged Europe's leaders to prevent an overseas debt crisis from dragging down the rest of the world.
At a White House news conference five months before Election Day, the president also said Republican allegations that his administration has leaked classified information for political gain were offensive. He said his administration has "zero tolerance" for any such practice.
Republicans fired back quickly on Obama's comments on the economy, particularly his insistence that "the private sector is doing fine" when it comes to job creation.
Campaigning in Iowa, Republican rival Mitt Romney said Obama's view was "defining what it means to be detached and out of touch."
From the White House podium, the president urged passage of legislation that he said would create jobs — proposals that Republicans have long blocked.
"The recipes that they're promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief to the housing market and would result ... in lower growth," said the president, who is locked in a close campaign for re-election.
Obama's tone was markedly different when it came to European leaders, whom he prodded to inject money into the banking system. He also said it is in "everybody's interest for Greece to remain in the eurozone," despite the division of public opinion inside the country where austerity measures have been imposed to deal with out-of-control deficits.
"The Greek people also need to recognize that their hardships will likely be worse if they choose to exit from the eurozone," Obama said.
"The solutions to these problems are hard, but there are solutions," he said.
The president spoke after several days of difficult turns for his re-election prospects, including last Friday's report that the unemployment rate had risen slightly to 8.2 percent in May as job creation had slowed, and new signs that the European debt crisis was hurting the U.S. economy.
In the overtly political realm, Wisconsin's Republican Gov. Scott Walker turned back a recall movement led by organized labor, while former President Bill Clinton stirred controversy by saying Obama should be ready to sign a short-term extension of all expiring tax cuts — including those that apply to the wealthiest taxpayers that the president has vowed not to renew.
The president's attack on Republicans was part of his campaign playbook in an election in which the economy is the top issue. Romney is campaigning for the White House as better equipped to created jobs, and polls make the race a close one, with only about a dozen battleground states in dispute.
Said McConnell: "The economy would respond much more favorably to providing the tax certainty Americans deserve by extending all the tax rates and assuring employers they do not have to budget for the largest tax increase in American history next year."
Obama's opening remarks were part jawboning and part economics lesson.
He stressed the importance of a strong European economy, saying, "If there's less demand for our products in places like Paris or Madrid it could mean less business for manufacturers in places like Pittsburgh or Milwaukee."
The president said that if Congress had passed his jobs bill from last fall, "we'd be on track to have a million more Americans working this year, the unemployment rate would be lower, our economy would be stronger."
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