Skip to comments.STUNNING COST OF 9/11
Posted on 01/28/2002 12:18:50 AM PST by kattracksEdited on 05/26/2004 5:03:39 PM PDT by Jim Robinson. [history]
THE Sept. 11 terrorist attacks will cost the national economy an astonishing $639.3 billion - and some 2 million lost jobs, a sober new state-funded report has found.
The $100,000 report, from a nationally recognized economic consulting firm, is believed to be the first to put a precise cost on the national impact of the World Trade Center's destruction, rather than on the New York impact alone.
(Excerpt) Read more at nypost.com ...
Now if anyone anywhere in the rest of the World wants to take terrorism lightly then they can kiss our behinds.
If we never have before, we sure as hell just paid the cost to be the boss.
Imagine if they [terrorists] could've had real, competent government sponsorship and backing...imagine if they had also hit the Sears Tower, the John Hancock building or Wall Street, maybe the Hoover Dam which stores up 2 years of water flow from the Colorado River and has a power generating capacity of 2.8 million kilowatts that get pumped out to the Western United States. Or perhaps one of our Nuclear Reactors out in Nebraska like Cooper Nuclear Station and the possibility of exposing a large part of the eastern United States to it's Nuclear materials as a result of crashing a plane into that. Imagine the economic hit these things could have had.
This threat from Terrorism is absolutely no joke.
We are at War for the national security of the United States.
Forgive me but there are lyrics from a Snoop Dog song that keep coming to me whenever I think about the threat we now face from International Terrorism...
"G's up Hoe's down."
We may never know just how important it was that George W. Bush won the Presidential election.
This report sounds very suspect. $100,000 amounts to two professionals consulting for a month, including expenses. My guess is that they counted up all the losses without factoring back in the jobs created elsewhere (outside of NYC). Could this be another Arthur Andersen scamjob?
That's not damage to some imaginary "national economy" - just to the metro NYC economy!
Down here in Red Nation, we didn't get economically affected much by 9/11. The truth is, we were in a deep recession since June 2000 - over a year before 9/11 - brought on by import competition in our key industries, particularly textiles and steel. LOTS of steelworkers, textile workers, and furniture-plant workers found their plants closed long before 9/11.
Why the hell should we feel sorry for rich Wall Street types getting "only" 3% growth in their bonuses - or about the rate of inflation?
In math, there is something called the Butterfly Effect...even very small changes, over a period of time and in interaction with other things, can cause massive and unpredictable changes. From large changes that create chaos (a complete break in the status quo), a new order will emerge, but it really isn't at all predictable what it will be.
To give a final number to this stuff is silly. There will still be impacting events such as more Enron-type scandals, interest rate changes, transitions to a war economy, etc. Nobody really knows what they are or what their impacts will be.
Between clueless market analysts and those who want the government to return to its open borders self and other decisions that seem to lack a common sense input, I'm beginning to question the brains and thought processes of a lot of those who come up with this stuff.
Daschle and others of his ilk will hopefully get that message come November.
I really do believe that all the partisan crap going on right now with Tommy and Dicky is a desperate attempt to keep their base energized. I think they are in a panic and that the panic will increase and the attacks will become more shrill as November approaches. It always does, but this cycle it will be panic driven.
And that concerns me because I know how dangerous a cornered animal can become.
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