Opinion

Letter: Correcting the record

Posted October 08, 2022 1:00 am

Reading the Your Views section on Oct. 1, I could not help but write in to correct the record of two fellow writers. Both Arthur Siml and Paul Compton have their anti-Biden pro-Trump hats on, but as usual for those who follow the MAGA cult and Fox News, they have their facts wrong, this time on the stock market.

True, the markets have dropped 25% this year alone, but the indexes have had their record highs during the Biden administration. January 2022 is when the Dow, S&P and Nasdaq had their highest levels ever. And what happened to influence the sudden drop? Oh this little war in Ukraine that started in late February by Russia under false pretenses that Ukraine was run by Nazis.

And the lingering effects of the COVID-induced supply chain issues, labor shortages and inflation - not just here, but globally. Crude oil prices skyrocketed to over $120 a barrel.

The point is this: Biden has nothing to do with any of these things. No U.S. president does. Not Biden, not Trump. The Daily Herald and Chicago Tribune as well as many other news sources have explained this in detail in many articles I've read over the last 18 months. You can blame Biden if you want to, but facts are facts regardless of your politics. If you're going to complain about Biden, then at least get your facts right.

Tony Urbaniak

Glendale Heights

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