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Published: Wednesday, March 6 2013 9:50 a.m. MST

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Obama10
SYRACUSE, UT

Yes, but President Obama doesn't want growth that is not Government growth. In his mind, the only good growth is government growth, while the private sector is evil. Any good socialist wants the control and "equity" the government can bring . Why do you think he and "President" Chavez were such equals?

Mountanman
Hayden, ID

Obama wants the federal government to grow, not the economy! Only the Republican House of Representatives stands in his way! His plan is to blame all our suffering on those darn Republicans so voters will turn them out at the next election and give Obama complete control of everything for the complete socialism transformation that he dreams about!

Oatmeal
Woods Cross, UT

... or the market has already temporarily adjusted for the sequestrian issue which shows that we would have phenomenal growth if Congress would just get their act together and balance the blasted budget.

one vote
Salt Lake City, UT

The failure to reach an agreement was not in the best interests of our economy. The people hoping the economy will go bad to effect presidential elections missed the boat.

Stalwart Sentinel
San Jose, CA

Clinton took office: DJIA around 3,310
Clinton leaves office: DJIA around 10,900 (roughly tripled)
Bush took office: DJIA around 10,900
Bush leaves office: DJIA around 7,950 (down about 30%)
Obama took office: DJIA around 7,950
Today: DJIA 14,285 (roughly doubled).

If the DJIA is the most important economic index for measuring what is good for the economy then we should never elect another conservative/republican in the White House again, ever.

atl134
Salt Lake City, UT

Nothing says growing an economy like firing a bunch of people... was this letter written by a Bain executive?

Mountanman
Hayden, ID

Remember folks, what goes up always comes down and that is also true of the stock market! It will come down because it corrects itself frequently. The trick is to by low and sell high! When stocks become overvalued, they always self correct and there is a self correction right around the corner!

Darrel
Eagle Mountain, UT

The DOW is only one indicator of the health of the economy, and it only reflects how strongly investors feel about the strength of business.

The effects of sequestration are going to take longer than a weekend to be sorted out.

This is a Post hoc ergo propter hoc fallacy argument.

JoeBlow
Far East USA, SC

"Sequestration is Pro-Growth"

says the title.

Does that mean that all who suggested that sequestration was Obama's idea are now supportive of it?

"Obama wants the federal government to grow, not the economy!"
Do you realize how disconnected from reality that statement is?
Do you realize that Corporations are making record profits?

Why does everything you write have to be over-the-top (and incorrect)?

JoeBlow
Far East USA, SC

Well Looky here MtnMan.

We agree. When you leave politics out of your posts, you actually get some right. :).

Happy Valley Heretic
Orem, UT

Mountanman said: "Remember folks, what goes up always comes down"
Except in the case of "trickle down economics" Then more and more keep going up to the executives and never comes back down to the employees, but that was the good ole' boys/executive/republican plan all along, and a trend that doesn't seem to be "self correcting."

Mountanman
Hayden, ID

Tickle down economics is far better than Obama's trickle up poverty! Checked in with shrinking the middle class since his election? What part of Obama's whining for more taxes without ANY spending cuts don't you understand?

Hutterite
American Fork, UT

I suspect the people losing jobs, like contract air traffic controllers will, are more concerned about their well being than they are about how the stock market feels.

Wonder
Provo, UT

@Mountanman -- What part of the spending cuts we did last year don't you understand (or apparently have any memory of)?

Mountanman
Hayden, ID

@ Wonder. Name one real spending cut! Not Obama's empty promise to cut but name ONE that happened!

HaHaHaHa
Othello, WA

RE:SS Nice job on ignoring some of the facts - typical leftist ploy. DJ tripled under Reagan also, and the high we hit this week, equals the high reached under GWB. Personally I wouldn't use the DJ as an accurate indication of economic health. Its been rising through all the past 5 years of the Obama recession.

Christian 24-7
Murray, UT

Trickle up poverty is the perfect name for it! Well stated Mountanman.

Except it is happening much faster than a trickle now. The rise in food stamp need and unemployment have not trickled up, they have jumped up. The number of beggars on the off ramps has jumped up too.

Incomes have trickled down, and what is left is more heavily raided by taxes and inflation.

And with rampant spending in the last few years we have made future generations poor.
That is more like an explosion than a trickle.

bamball
Mesa, AZ

When I see "townhall.com" referenced, I am filled with confidence that fiction is fact--or wait, should that be "fact is fiction?" Or maybe it could be both, depending on what can be gained by the polemic?

KDave
Moab, UT

The scariest part of this article is that we spend 7% of the budget on interest on the National debt. That is with interest rates under 2%. When rates zoom up as they did under Carter, they could surpass SS. costs. That is when it is all over.

Stalwart Sentinel
San Jose, CA

HaHaHaHa - I wasn't ignoring facts; rather, I was making a tongue-in-cheek reference by using the same method as the author of taking snapshots of a single economic factor (the DJIA) to make overly broad statements about an extremely complex economy.

But, if you want to avoid ignoring facts, then let's point these out:

1 - The DJIA may have tripled under Reagan but he also doubled the national debt in order to do so, Clinton reduced it. Other Dems that reduced the debt: Carter, LBJ, Truman, and JFK. The last four repubs (Bush, Bush, Reagan, Ford) all increased the debt. Clearly, Democratic presidents are more efficient.

2 - It's pretty common knowledge that the recession technically ended in June 2009. Most of the difficult times under Obama can be directly attributed to the fact that he cut spending in 10 of his first 16 fiscal quarters in office, regardless there is no recession.

3 – There have only been two times in the last 100 years in which repubs have controlled the Executive and both houses in Congress: 1921-31 and 2001-2006. What followed? The Great Depression and the Great Recession. That is not a coincidence.

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