Obama Campaign Call Affirms Money Anxiety – Washington Post   “Such fundraising pitches aren’t unusual, since candidates seek to keep donors from feeling complacent, and Obama campaign spokesman Ben LaBolt characterized the conference call as ‘routine.’ But it echoes the urgent tone the Obama campaign has struck in recent appeals, which have raised the specter of Romney holding a significant cash advantage over Obama. ‘I will be outspent,’ read the subject line of a Tuesday e-mail Obama sent his supporters.”

Euro Leaders Turn to Central Bank for Help to Tackle Crisis – Bloomberg  “European leaders turn to the European Central Bank this week, seeking assistance from monetary policy makers to reinforce gains following euro-area leaders’ moves to calm markets and accelerate the currency bloc’s integration.”

Minority Leader: Odds Long to Undo ObamaCare Law – AP   “It’s on his to-do list, but U.S. Senate Minority Leader Mitch McConnell says the odds are against repealing the health care law championed by President Barack Obama.”

After Listening to His Litany of Economic Excuses, It’s Clear the President’s Reading List Should Include Adam Smith – Wall Street Journal   “President Obama should put Adam Smith’s ‘The Wealth of Nations’ at the top of his summer reading list. This was clear after listening to his 54-minute list of economic excuses and policy proposals delivered earlier this month on the campus of Cuyahoga Community College in Cleveland. At times Mr. Obama suggested that the profit motive is somehow ignoble, an opinion shared by many on the far left. But every student learns in introductory economics class that the pursuit of profits is essential to a successful economy, allocating resources to the use consumers value most.”

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