116 3rd St SE
Cedar Rapids, Iowa 52401
Home / Opinion / Letters to the Editor
Stock market’s surge debunks socialism talk
The Gazette Opinion Staff
Oct. 22, 2009 12:30 am
While the Dow Jones Industrial Average began its long downward trend back in October 2007, conservatives blamed the new president when, on March 5, just 46 days after President Obama took the oath of office, it had sunk to a discouraging low of 6,594.
Well, since that day, the stock market has steadily improved and recently surpassed 10,000 again. I know that conservatives never acknowledge their mistakes, but can the rest of us agree now that the shallow, politically motivated nonsense about “socialism” has been thoroughly debunked?
Gerald Shorer
Marion
Opinion content represents the viewpoint of the author or The Gazette editorial board. You can join the conversation by submitting a letter to the editor or guest column or by suggesting a topic for an editorial to editorial@thegazette.com
Daily Newsletters