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Mitt Romney loss prompts dramatic drop in Utah consumer sentiment

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  • Emajor Ogden, UT
    Nov. 27, 2012 11:19 p.m.

    Keeping in mind, of course, that as in anything, perception can have little bearing on reality.

  • Schwa South Jordan, UT
    Nov. 28, 2012 12:40 a.m.

    Stop pouting, Utah. It's going to be ok.

  • JohnJacobJingleHeimerSchmidt Beverly Hills, CA
    Nov. 28, 2012 1:50 a.m.

    I see my neighbors and friends saying they lost confidence while spending up a storm this past week. They are all two faced. The numbers already show this is one of the biggest Black Friday and Cyber Mondays ever.

    Maybe if the Republicans did more than try to pass hundreds of abortions bills and helped get the economy going again from the economy they crashed, they could have won the presidency.

    The rest of the country is moving on. Let's figure out how to pay for those Trillions of the two wars GW Bush started, the 2 stimulus packages, 700 billion bank bailout, 8 trillion Medicaid Part D and the tax cuts that didn't pay for any of that spending. Where were you fiscal hawks during the GW Bush Era?

  • Esquire Springville, UT
    Nov. 28, 2012 5:15 a.m.

    Get over it, Utah. Emajor has it right.

  • raybies Layton, UT
    Nov. 28, 2012 6:30 a.m.

    what this means is that Utahns are withdrawing their income from society, the way they did before the last two recessions. They've managed to weather most of the financial crashes because of this tendency, but it also probably indicates that the rest of the country will ride a bubble off a financial cliff... that no one cares about enough to actually rectify.

  • Screwdriver Casa Grande, AZ
    Nov. 28, 2012 6:51 a.m.

    Chicken littles. The economy was showing signs of improvement and now conservatives are doing their best to fulfill their own prophecies of doom. It's sad really that they can be deceived so easily by Glen Beck.

  • BYUalum South Jordan, UT
    Nov. 28, 2012 7:41 a.m.

    I still feel the personal loss of such an outstanding man as Mitt Romney to lead our nation. He is a man of great character and wisdom in not only economic issues, but many other issues as well. We now have to face obamacare and a host of other things bent to destroy this country as we know it. God bless the United States of America.

  • FT salt lake city, UT
    Nov. 28, 2012 8:05 a.m.

    Our reaction is a natural part of the grieving process. We'll survive and Mitt and Ann will make fantastic Mission Presidents.

  • JWB Kaysville, UT
    Nov. 28, 2012 8:06 a.m.

    I am not sure it is as much the Mitt Romney loss or the President Obama for sure doesn't have a plan as he hasn't had one for the past 4 years, either. The Governor brags about Utah's economy and he is a part of that. For 2011, Utah was the only state that saw an increase in bankruptcy filings, climbing a modest 1 percent. Utahns may be filing for bankruptcy in fewer numbers these days, with the state on track to see the first annual decline in insolvencies since Congress revamped the law in 2005 to make it tougher to file. Utah’s numbers remain comparatively high nationally with the state claiming the fourth-highest filing rate per capita during the first nine months of 2012 — 5.99 petitions for every 1,000 people, the American Bankruptcy Institute reports.

    In 2005-2006, Congress made it harder to file bankruptcies at the same time making it easier to get mortgages that would cause the market to fall and put people into bankruptcy. They designed it for the people to fail.

    Our Governor brags about the economy and the Church says not to get into more financial trouble still.

  • one old man Ogden, UT
    Nov. 28, 2012 8:06 a.m.

    Utah is one of few places in the world where paranoia is contagious.

  • NedGrimley Brigham City, UT
    Nov. 28, 2012 8:11 a.m.

    FT: Perhaps they'll have the opportunity to take a struggling mission and help it grow and thrive, split it into three, and move on to another in three years.

  • patriot Cedar Hills, UT
    Nov. 28, 2012 8:19 a.m.

    This loss in consumer confidence wasn't just Utah. I have family in Nevada, Washington, and the mid-West and they are saying the same exact thing - people are really worried about the economy and for obvious reasons...Barack Obama is still president. For all the Obama hype during the election what it really boils down to is working / tax paying folks are much less confident and are worried looking ahead. The only ones dancing in the streets are the do-nothing bums who won't work and don't pay taxes (progressive democrat's) but get free Obama money every month...for them the gravy train keeps on roll'in at our expense.
    ** there are legitimate folks who can't work due to disability and they should be helped but that is a VERY small fraction of the total who live off the government. Welcome to the new socialist America!!

    Makes you feel good about your country doesn't it. Makes you want to pay your "fair share" so the occupy Wallstreet rabble and the rest can continue to get their "entitlements". Where are MY entitlements??????

  • Doug10 Roosevelt, UT
    Nov. 28, 2012 8:51 a.m.

    I don't get it.

    Even the GOP faithful have come out and said their economic plan (which they foisted upon Mitt to promote during the campaign) would not have worked. Mitt was forced to run to and fro trying to gather and mend the GOP which cou;dn't agree on anytning if they were all in a single room anyway.

    He did not have a chance to try for the undecided voter with the mish mash he was expected to promote.

    He had to deal with fellow GOP coming out of the woods with wacko comments and Donald Trump who only wants attention and attempting to keep the fat wallets who bankrolled his campaign happy, he was doomed from the start.

    Now Utah has unhappy sentiment and that should be a result of being in the lowest third of the nation for high school graduates, it should be that Utah receives more federal tax dollars than it pays in, it should be that bankruptcies continue to rise in this state.

    Utah, worry about what you can fix and spend less time fretting about things you can't.

  • JWB Kaysville, UT
    Nov. 28, 2012 9:20 a.m.

    Statistics and facts are not paranoia. When a bankrupcty happens it is a life changing event for people, no matter what their economic status. We are a people in Utah and in our country that cares about what happens to people, whether in Nevada or Washington, etc.

    We allowed a system that was to protect people to be changed by a Congress and a President that helped people worsen their status and ability to live. People got loans that didn't deserve a loan. They could have lived in apartments and not had the bankruptcy part kick in. Then when it kicked in, they were unable to file. Banks and loan companies, title companies, real estate agents and related fields benefitted.

    The Tea Party people kicked in and the Evangelicals kept Romney from running his own campaign with their inside comments detracting from the issues with President Obama.

    We have such a great country and Mitt Romney got sacrificed with so much bad publicity from within and without his own party. Obama's campaign used all those comments against Mitt.

    Utah Mormons could listen to the Prophet since 2002 about Bankruptcy but some don't take the advice. Spend too much?

  • NedGrimley Brigham City, UT
    Nov. 28, 2012 9:31 a.m.

    "Is it more childish and foolish to insist that there is a conspiracy or that there is not?" ~ China Mieville

    Is it more foolish to attempt to fix the things that you honestly think can be fixed, or to convince yourself that nothing can be fixed and quit trying?

  • Cincinnatus Kearns, UT
    Nov. 28, 2012 9:40 a.m.

    Gee, thanks Patriot. I'm apparently one of your do-nothing bums dancing in the street because I don't pay federal income taxes? My wife and I both work full time jobs. We each pick up some extra money with some side jobs from time to time. Yet, because my deductions outweigh my AGI, I'm living off of others? The last time I checked, I pay payroll taxes, sales taxes, state taxes, gasoline taxes, property taxes, etc. Your comments reflect the "47%" comments Mitt Romney made- and why I didn't vote for him. We work hard and pay no federal income tax- that doesn't mean we're automatically lazy bums living off everyone else.

    JWB- while poor loans have been foreclosed on, most bankruptcy's, even recently, are driven by medical bills. Reports going back a number of years show that bankruptcy's due to medical bills are hovering right around 60% of all bankruptcy's.

  • Mark B Eureka, CA
    Nov. 28, 2012 10:12 a.m.

    It sounds as though JWB wants a do-over on the election. This time around they could send the Mormon Helping Hands to Florida to help shorten the lines at the polls. But then on the other hand, maybe JWB would want FL polls closed as early as possible to go along with their governor's plans.

  • Ultra Bob Cottonwood Heights, UT
    Nov. 28, 2012 10:39 a.m.

    The effect of the Romney loss would not be unexpected in Utah, where the people seem to put more importance on business than people.

  • Lowonoil Clearfield, UT
    Nov. 28, 2012 10:50 a.m.

    patriot:"The only ones dancing in the streets are the do-nothing bums who won't work and don't pay taxes (progressive democrat's) but get free Obama money every month...for them the gravy train keeps on roll'in at our expense."

    ALL of the Obama supporting Utah democrats I know are well educated, well paid, have long uninterupted employment histories and have been paying 5 figure Federal income taxes for most of their working lives. EVERYONE I personally know who collects social security or a disability check shares your passionate hatred of Barack Obama.

    .

  • FT salt lake city, UT
    Nov. 28, 2012 11:07 a.m.

    We can always count on Patriot and Worf to give us the Glen Beck perspective. America is still the greatest country in the world with the highest atandard of living and personal freedoms only matched by a few. Since this country's founding there have always been critics and there always will be. God Bless America and all our warts!!

  • Down under Pullman, WA
    Nov. 28, 2012 11:31 a.m.

    Hey we voted for this as a country. We will have to stew in our situation until we can get some responsible leadership in the White House and Senate.

  • airnaut Everett, 00
    Nov. 28, 2012 11:32 a.m.

    patriot
    Cedar Hills, UT

    The only ones dancing in the streets are the do-nothing bums who won't work and don't pay taxes (progressive democrat's) but get free Obama money every month...for them the gravy train keeps on roll'in at our expense.

    =============

    Correct me if I'm wrong - um er uh, (gasp!) "patriot",

    but
    aren't you one of those retired do-nothing citizens collecting Social Security, not paying taxes, and getting free money every month -- at our expense?

  • Counter Intelligence Salt Lake City, UT
    Nov. 28, 2012 11:36 a.m.

    Yes; my consumer confidence tanked with an Obama win. I will spend the next few months paying off everything as fast as I can because I do not believe that Obama has any economic sense whatsoever.
    Paying off debt is a good idea regardless.

    Attempts to shame, blame or vilify anyone who is not trilled over an Obama victory, when it is clear that Obama and the Democrats have no plan for the economy other than class warfare and increased government dependency, merely reinforces my belief that the far left has no economic sense, no common sense and they are just plain mean.

  • wrz Ogden, UT
    Nov. 28, 2012 11:37 a.m.

    @JohnJacobJingleHeimerSchmidt:
    "Maybe if the Republicans did more than try to pass hundreds of abortions bills..."

    What you're saying is... join the nation's morals decline and you'll be just fine.

    "The rest of the country is moving on."

    True. Agreeing to dispatch (sometimes called abortion) the unborn by the millions... destroying the institution of marriage by approval of myriads of strange combinations, letting illegals flood into this country unchecked who suck up our resources and American jobs.

    "Let's figure out how to pay for those Trillions of the two wars GW Bush started..."

    Can't start a war without Congressional say-so... And that included Aye votes from Senate Democrats like Hillary Clinton, Joe Biden, Carl Levin, Max Baucus, John Kerry, Charles Schumer, John Edwards, Harry Reid, Joseph Lieberman, etc.

    And did you forget Obama's $5 trillion increase in the national debt, the largest in American history?

  • one old man Ogden, UT
    Nov. 28, 2012 11:42 a.m.

    Down Under, you forgot the House of Representatives.

  • Grundle West Jordan, UT
    Nov. 28, 2012 12:02 p.m.

    These forums need a "roll my eyes" button.

  • mark Salt Lake City, UT
    Nov. 28, 2012 12:34 p.m.

    Cincinnatis, I too must be one of those do nothing bums, "patriot" (he really needs to quit using that moniker, because nothing could be further from the truth) sees. I sure am dancing in the street. But I pray quite a bit in federal taxes. I dare say, I pay much more then "patriot".

    Lowonoil, I also know those people that hate President Obama, and receive entitlements. And yeah, the people I know that support President Obama are very successful people. Strange.

    But, yeah, I'm usually not a sore winner, but the more I read the comments on these boards, and listen to some conservatives, the more I'm laughing and dancing in the street. Republicans keep saying this kinda stuff, they will never win an election again. And that makes me happy.

    It blows my mind, the people that keep claiming Mitt has great character. What he portrayed indicated no character, he showed himself as a man with absolutely no core believe. And he did this again and again. The man would do and say anything- anything, to get votes. Anyone that paid attention knows this.

  • Joan Watson TWIN FALLS, ID
    Nov. 28, 2012 12:39 p.m.

    To my kids - become financialy wise: get out of debt, stay out of debt, save and save extra by counting pennies as in negotiating for no tax added if item paid off in allowed time etc, strict budgeting, adequate term life insurance for a young family, train up kids to become responsible for life goals and choices, discern between wants and needs, Pay off home before retirement. This advice worked for us - perhaps it will for you too!

  • mark Salt Lake City, UT
    Nov. 28, 2012 1:09 p.m.

    Excuse me I meant I "pay" quite a bit in federal taxes. Pray federal taxes. Good heavens.

    wrz, you say, "Can't start a war without Congressional say-so..."

    But then you say, "And did you forget Obama's $5 trillion increase in the national debt. . . "

    Don't you know, Can't spend money "without Congressional say-so..."

    -"when it is clear that Obama and the Democrats have no plan for the economy other than class warfare and increased government dependency"

    Well, counter, that might be true if you keep your eyes, and ears, tightly shut, or listen solely to Glenn Beck, FOX News, or Rush and Hannity.

    But for those if us that actually pay attention we know that nothing could be further from the truth.

    Oh well.

  • patriot Cedar Hills, UT
    Nov. 28, 2012 1:14 p.m.

    re:Cincinnatus

    you and your wife actually work - right?? Then you aren't part of the do-nothing bums I was referring to. I have kids who are married and going to school and guess what - they make so little they don't pay income taxes either however they work HARD as I'm sure you and your wife do. They also benefit from health care plans tailored for their circumstances. The 47% that Mitt was talking about weren't just non-tax payers but also NON WORKERS. It is the NON WORKERS I call bums and rightly so. The growing democrat base of voters happens to consist of those who would rather collect their "Obama check" as one NY City guy put it and then set on their behind. This crowd don't think they should work because they get more from their free-bee Obama check than they would working a night shift security guard job. Great culture we are fostering here huh?? Sounds just like socialist Europe - the ones burning cars in the streets demanding their "fair share" of entitlements that don't exist because countries like Greece are BROKE!!!

  • mark Salt Lake City, UT
    Nov. 28, 2012 2:02 p.m.

    "The 47% that Mitt was talking about weren't just non-tax payers but also NON WORKERS. It is the NON WORKERS I call bums and rightly so. "

    So check this out, "patriot" (please) believes, no, he really does, he believes that there 47% of the people in this country do not work. No, really, I'm serious, that is really what he believes. HaHa, yeah I know. What can I say, some people will believe anything.

  • one old man Ogden, UT
    Nov. 28, 2012 2:44 p.m.

    No, Joey -- even God couldn't overcome the blatant gerrymandering by Republicans in so many states. If He had been able to do that, the House would be firmly in Democratic hands now.

  • e_veritas San Diego, CA
    Nov. 28, 2012 2:46 p.m.

    @patriot

    So, you think that the "growing democrat base of voters happens to consist of those who would rather collect their 'Obama check', do you? Let me give you a reality check with a list of states that CONSISTENTLY falls above the national average in welfare and food stamp participation rates: Mississippi, Tennessee, Louisiana, Alabama, Kentucky, West Virginia, Georgia, South Carolina, and Arkansas. Now want to take a guess on how many of those states were blue this last election? I'll help you out.....it would be a big fat ZERO. In fact, almost all red states receive more in federal money than they pay in federal taxes. You would be wise to flip off that Faux News channel I'm sure you watch religiously.

  • jasonlivy Orem, UT
    Nov. 28, 2012 4:06 p.m.

    The economy is lousy right now! It hasn't changed nor will it with Obama in the White House. All you who support Obama are living a fantasy. You can feel good that you stuck it to the GOP for all of their conservative views, but the nation is weaker now. It's less free and will continue to follow down this road.

    I'm not a conspirator or a doomsayer, but a realist. We missed a golden opportunity to help the country get back on track economically by voting in Romney. Instead we chose a White House who is bent on distribution of wealth and punishing the rich, whether or not it does any good. He's amassed 4 trillion in debt in his first term! We have a right to be incredibly discouraged.

    Obama will not bring America back to prominence. This is against his mandate. He, and his ilk, believe that America's colonialism is evil and has resulted in much of the world's suffering. He will not compromise, but will blame the Republicans. Falling off the fiscal cliff is a necessary step in his world view. The reality is ugly...

  • Belching Cow Sandy, UT
    Nov. 28, 2012 4:28 p.m.

    Kind of funny when Utahns start hacking on Utahns. Essentially hacking on themselves. Makes me chuckle, and I like a good chuckle. Apparently Schwa is pouting and Esquire is telling himself to get over it. It's ok Uthans the rest of the country is just a little behind us. I assure you the consumer confidence will start going down in other parts of the country soon.

  • LDSareChristians Anchorage, AK
    Nov. 28, 2012 4:30 p.m.

    This helps explain why Alaska's share Campaign is seeing a drop in contributions to 2/3 that of the prior year. Alaska leans heavy towards republican/conservative. Whether it's for real or imagined reasons, we are tightening our belts.

  • mightymite DRAPER, UT
    Nov. 28, 2012 4:45 p.m.

    Is it really 'Utah consumer' sentiment or is that really code for 'mormon consumer' sentiment? What makes Utah so different then any other state other then they share the same religion as Romney? This is just a case of mormons being sore losers and just pouting. What a sad little culture. Mitt lost by popular vote, get over it and support your Commander in Chief and Country.

  • Sigfried Payson, UT
    Nov. 28, 2012 5:15 p.m.

    So, what's up with all these Utahns baggin on Utah? Take off if you hate so much! Certainly won't be any worse for the rest of us who love it here.
    And by the way DOUG10, Utah has the HIGHEST college grad per capita in the US.

  • AZRods Maricopa, AZ
    Nov. 28, 2012 5:54 p.m.

    Good to see all the Obama supporters on hear telling us that all is well. Don't worry little children.
    Telling us to go spend our money, buy stuff and don't worry about the past 4 years.
    I'll continue to pay my taxes, spend carefully so democrats will be sure to blame me in 4 more years that it's my fault for saving my money and not helping to boost Obama's blind economic plan.
    Let's check back in 6-8 months and see how many Obama-ites are still on here beating on their chests about how great things are looking.
    Anyone wanna bet on the unemployment rate a year from now?
    How about the true costs of Obamacare?
    Any takers?

  • pragmatistferlife salt lake city, utah
    Nov. 28, 2012 6:24 p.m.

    jasonlivy..the economy is weaker now..weaker than when? The end of 2008, the beginning of 2009, compared to whom the rest of the world. The answer is a resounding NO. The economy is not weaker it is stronger. Obama is bent on the redistribution of wealth..did he start, unemployment insurance or did he just respond to Bushs massive financial collapse, did he start the stimulus programs or did he just continue what Bush started? Pretend all you want that the world economy didn't just about completely collapsed and that credit in America wasn't completely frozen and needed thawing out but it doesn't change the facts. The point isn't it was Bushs fault because that's not true the point is Obama saved us from a catostrophic financial collapse and things are better..much better..and yes Romney would have taken us back to collapse.

  • mark Salt Lake City, UT
    Nov. 28, 2012 6:46 p.m.

    "So, what's up with all these Utahns baggin on Utah? Take off if you hate so much!"

    There we go, there's the Utah attitude we all know and love: don't speak up, don't speak your mind, just keep your mouth shut, dont question, or leave. Yep. There it is.

    Actually AzRods, who's telling you to spend money? I think people should get out of debt, and have savings, we would be much better off.

    I will bet the unemployment rate will be lower a year from now. The true cost of AHC? Well to start with less bankruptcies due to health care costs (which account to the majority of bankruptcies), people not refused insurance because of preexisting conditions, people not denied coverage after reaching some arbitrary payment cap, people able to get preventative care, people not having to seek medical care in emergency rooms for conditions that are not emergencies, hopefully a healthier population, overall less added to the national debt then if we didn't have it. . .

    Yep, those are the true "costs" of heath care reform.

  • wrz Ogden, UT
    Nov. 28, 2012 10:32 p.m.

    @mark:
    "Don't you know, Can't spend money 'without Congressional say-so...'"

    If you're gonna blame Bush for two (unnecessary, you say) wars, you need to agree to blame Obama for the $5 trillion increase in the national debt. Largest ever. And he did it in less than the four years of his first term.

  • kargirl Sacramento, CA
    Nov. 28, 2012 11:05 p.m.

    "Patriot", until you've been in the shoes of the people you denigrate, watch how you speak of them. You have no idea why people who aren't working don't work. You have no idea whether they can even move, much less walk. You have no idea if they can afford even the tiniest, cheapest place to live, if they even have a place to live. Until you know what and whom you speak of, quit generalizing and speak only of your own circumstances. I do not appreciate your comments, and I'm telling you so here and now. I am fortunate enough to have a home, but I was not so sure I would, I have been homeless before, and I never forget or do not have a backup plan if I ever need to be homeless again. I thought if the election turned out differently, and my little bit of income became smaller or were gone, I might need that plan--only I'm a couple of decades older this time. That, I'm sure, you don't care about. Just think before you say something hurtful to someone you do care about.

  • Belching Cow Sandy, UT
    Nov. 29, 2012 9:30 a.m.

    @mark
    I'll take your bet on the unemployment rate. I'm pretty certain it will be higher a year from now. But what we should really be worried about is what it will be in four more years. I can assure you it won't be pretty. There are a lot of companies getting ready to lay people off or reduce hours under full time in order to absorb increased health insurance costs when Obamacare kicks in. I work for a small business, they may have to drop health insurance all together.

    Obamacare sounds all warm and fuzzy and everything but someone has to pay the bill. Who is that someone?

  • jasonlivy Orem, UT
    Nov. 29, 2012 12:55 p.m.

    prgamatistferlife:

    Thank you for proving my point that liberals live in fantasy land.

    Bush is a distant memory. The current state of our economy is due in large part to Obama's directive and leadership. Bush is long gone. Why do liberals refuse to hold him accountable?

    I don't care about 2008, 2009, and the rest of the world. I care about the USA's current situation. The economy is worse than last year. That's all I care about. We have more unemployment than was the case when Obama took office, there are more people on welfare, and more people in poverty. You call this better? Entitlement spending is at an all-time high. The debt is in part due to the stimulus enacted shortly after Obama took office, but most of it is due to entitlement spending. Obama want's to increase it thus putting us further in the hole.

    His fixation on punishing the rich is mind boggling. By punishing the rich, he will inflict lasting damage on our economy. Most of the 'rich' are small business owners.

    Any clear thinking person can see the USA is in serious decline. Open your eyes!

  • 4601 Salt Lake City, UT
    Nov. 29, 2012 9:14 p.m.

    Don't worry, be happy. Our government has a Chinese credit card.

  • Guam_Bomb BARRIGADA, GU
    Nov. 29, 2012 10:55 p.m.

    It might be good to note that federal government revenues are up 26% over the last year. Meaning that despite all of the doom and gloom, somebody somewhere, or more likely, a lot of somebodies all over the country are making a substantial amounts of money and are paying taxes on that money given there has not been any change to the tax code in the last 12 months.

    Economies go in cycles. It's inevitable that an economy that has been down for so long will eventually start to rise as people figure out what went wrong and start fixing it. It doesn't matter who is President. The economy will rise and fall and rise again.

    The Republicans slit their own throats by preaching doom and gloom while ipads flew off the shelf at a record pace. People may not have consciously made the connection, but their message just did not reflect reality and people voted that way.

  • GK Willington Salt Lake City, UT
    Dec. 1, 2012 3:59 p.m.

    at one old man

    "Utah is one of few places in the world where paranoia is contagious."

    Widespread misperception of reality = paranoia?

  • Pendergast Salt Lake City, UT
    Dec. 1, 2012 4:04 p.m.

    re: jasonlivy

    "Thank you for proving my point that liberals live in fantasy land."

    Is it anywhere close to the pocket of unreality that most Utah conservatives live in?

    "I don't care about 2008, 2009, and the rest of the world. I care about the USA's current situation. "

    Because, knowing how and why have no bearing whatsoever on solving problems; do they?