Dow Jones Beats Back The Sequester

With all the recent talk of doom from Democrats and the White House about the negative impact of the “sequester” cuts, the Dow Jones Industrial Average (DJI) decides it’s going to favor Republicans.

To be clear, President Obama and Democrats are correct. The sequester cuts are stupid and will have a detrimental effect on the economy this year. But we know this is what many Republicans wanted all along. Of course they paid lip service to the idea that we should put together a better, smarter spending cuts package, but Republicans are going to do whatever it takes to get spending cuts while a Democrat is in office. They know there is zero chance a Republican president will be prudent on spending. So why not sack the liberal Kenyan socialist with spending cuts that might just hurt the economic recovery? Maybe it will help sell the idea of a Republican president in 2016.

Today the Dow Jones only helped the Republican cause. After all of the talk of what the sequester could do to the economy, the DJI went ahead and hit an all-time record. High fives all around for Republicans.

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EconomyGovernmentPolitics

#Dow Jones#nyse#President Obama#Republicans#sequester#spending cuts#stock market

  • Steve

    So if the DOW hitting a low in 2009 was Wall Street telling the nation what a bad decision it made electing Obama, does hitting a high in 2013 mean the opposite? Is Fox News declaring this a victory for Obama like they declared it a commentary on him 4 years ago?

    • See, this is how it works. The Dow dropping is Obama’s fault. The Dow rising is American free-market capitalism succeeding despite Obama’s best effort to ruin it.