Obama: GOP attack 'elegant' but 'wrong'

NEW YORK, June 14 (UPI) -- U.S. President Barack Obama Thursday said Republicans' line of attack that the economy "is the fault of the guy in the White House" is "elegant" but wrong.

Speaking at a fundraiser at the New York home of actress Sarah Jessica Parker, the president said the GOP plans to spend $500 million on ads playing up frustration and discouragement among Americans -- "and it's the fault of the guy in the White House. It's an elegant message, it happens to be wrong. But it's crisp. You can fit it on a bumper sticker."

Parker co-hosted the event with fashion designer Anna Wintour. Parker's husband, actor Matthew Broderick, was not on had because he "had a show," she said.

The guest list included actress Meryl Streep.

In his remarks the president repeated a theme he had employed during a speech in Cleveland, telling his audience the election in November presents American voters with "as fundamental a choice this time out than we have had in 30, 40 or 50 years."