However, many critics contended that this "sequester" measure is only temporary and too small given the $4T US government budget to have a significant impact on the economy. Therefore, many economists considered this spending cut as too small to bring the economy back into recession. Do you agree or disagree with this contention?

Hint: You may also observe he most recent economic trend and the stock prices in the Wall Street, especially during the end of the second quarter of 2013. 2 pts.

Also, as part of your answer, you may include all pros and cons you might think in supporting your answer. You may also give a reference to the most recent economic trends in the context of consumer confidence, political bickering on the issue of debt ceiling, and government shut-down, unemployment rate and job creation for Aug and Sep 2013, stock market volatility, Housing market rebound, etc.