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STUNNING COST OF 9/11
New York Post ^ | 1.28.02 | FREDRIC U. DICKER

Posted on 01/28/2002 12:18:50 AM PST by kattracks

Edited 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 ...


TOPICS: Extended News; News/Current Events
KEYWORDS:
Tell it to Daschle!
1 posted on 01/28/2002 12:18:50 AM PST by kattracks
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To: kattracks
"THE Sept. 11 terrorist attacks will cost the national economy an astonishing $639.3 billion"

Now if anyone anywhere in the rest of the World wants to take terrorism lightly then they can kiss our behinds.

$639,300,000,000.00

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.

Praise God.

2 posted on 01/28/2002 12:46:33 AM PST by VaBthang4
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To: kattracks
Dashole still thinks "it is the tax cut", stupid.He and Kennedy and Gepheartless are all the same. Their positions are hardened like steel until they need a convenient flip flop. Facts do not matter. Truth does not matter. Spin and trying to make political points is all that counts. If they were so concerned about the "people", they give their money to the poor instead of yours and mine.
3 posted on 01/28/2002 1:11:33 AM PST by set the record straight
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To: kattracks
DEATH BY MISREPORT: 4TH-ESTATE MALFEASANCE AND 9/11

Q ERTY6 (clinton was an utter failure) 4th-Estate Malfeasance REALITY CHECK bump!

4 posted on 01/28/2002 2:28:23 AM PST by Mia T
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To: kattracks
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.

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?

5 posted on 01/28/2002 2:35:21 AM PST by doosee
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To: kattracks
"The study, a copy of which was obtained by The Post, also focused on New York - and estimated that New York City will lose more than $4.6 billion in tourism spending alone through next year. The report found that Wall Street bonuses declined 42 percent in 2001, largely as a result of the attacks, and capital gains were down by 20 percent. Bonuses are predicted to grow by a mere 3 percent this year, and capital gains will remain flat during 2002, according to the report. The report also predicts that some 32,000 World Trade Center jobs that have been "temporarily" relocated may never return to New York City, at least not before 2003." (New York Post)

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?

6 posted on 01/28/2002 2:51:32 AM PST by glc1173@aol.com
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To: doosee
It not only sounds suspect, it sounds undoable to give a final figure of the economic cost.

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.

7 posted on 01/28/2002 3:12:02 AM PST by grania
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To: kattracks
""The reality is that post-Sept. 11, things have changed in governing and there's less emphasis on politics and more emphasis on getting things done."

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.

8 posted on 01/28/2002 4:04:11 AM PST by ImpBill
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To: Harley - Mississippi; kattracks
Bump!
14 posted on 01/28/2002 6:15:59 AM PST by Brian Allen
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Comment #15 Removed by Moderator

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