In 9/11 had never happened would we be in the finacial mess we are now?

[Fern]

I think it erroneous to view the question as a "9/11" thing.

If 9/11 had never happened some other terrorist attack would have.

I think the real question should be how has the radical Islamic jihad affected our eonomy? Which is really no different than asking if they have had any success.

I would say they have, but I don't recall seeing anyone quantify it. We have numbers for the war in Afganistan, but I don't how much the increased security at airports etc has cost our economy.

Fern

 

[Lemon law]

-jews did 9/11
-jews run banks
-bankers caused recession

omg!!!

---------------------------------------------------------------------------------------Even as a Israeli government critic, its stupid to be anti-Semitic trying to blame the Jews for all Greedy bankers.

The religion of bankers is and remains greed and short sided stupidity. As they sell us the myth they can create money out if thin air and hence should be highly compensated.

And still, we refuse to regulate them. Yep, we still want to believe bankers can create money out of thin air. For every scan artist like the Jewish Madoff, we can find 10 or more Wonderful Christian scam artist that are worse.

The other thing to say is that not all bankers are greedy and unprincipled, but they too fight tooth and nail to remain unregulated.

 

[GodlessAstronomer]

What a fucking stupid question.

 

[Craig234]

I think it erroneous to view the question as a "9/11" thing.

If 9/11 had never happened some other terrorist attack would have.

I think the real question should be how has the radical Islamic jihad affected our eonomy? Which is really no different than asking if they have had any success.

I would say they have, but I don't recall seeing anyone quantify it. We have numbers for the war in Afganistan, but I don't how much the increased security at airports etc has cost our economy.

Fern

I think that's quite wrong. You not only sound like you are not familiar with the spending numbers, but have no idea about things like the lowered interest rates' effects.

 

[shortylickens]

Bush would have figured out a way to start an illegal war somehow.

 

[sandorski]

It might have postponed it, but it was inevitable due to other Policies enacted. Hard to be 100% sure though. Without it Bush may have lost in 2004.

 

[skyking]

I think the immediate effects post 9-11 were tremendous, just in the chilling effect to the US economy.

 

[ericlp]

Completely made with US researched, patented, mostly manufactured, Intel and Nvidia chips.

Only country can bolt a ton of Pentium core chips and Nvidia GPUs together to make a supercomputer. They didn't do anything organic or awe inspiring.

Wrong as usual. Any idiot can buy a bunch of gpu's and cpu's.

So..... What? The hardest part is to LINK them all together and write the code to make them all talk to each other, the hardware they call a "switch" and the drivers to run them all in parallel so no chip is sitting idle is the key. From what I hear that is all china design research.

Tho the point is, in a high tech world the person with the fastest toys win. You can slice it anyway you want. Ya know what? AMD/INTEL/ATI/NVIDIA won't stop selling them hardware anytime soon.

Sorry for going off topic but... I think we need to invest more of our dollars into tech instead of the war machine. Tho, apparently that's my opinion.

 

[JimKiler]

And Al Gore, who won the presidency in 2000, and would have spent far less than Bush on things, not invading Iraq, not as much on 'homeland security'.

Seriously, how can anyone think Al Gore won, that was over 10 years ago and the AP already proved Bush won based on 5 different ways of doing the recount.

 

[senseamp]

Of course we would be in the same mess. With the GOP in charge, it was inevitable.

 

[JSt0rm]

Hell yes, Bush fucked up this nation and the next of the next generation will be paying for it for some time. Look, how much we spent on killing Bin Laden? No one knows because it's in the 100's of billions maybe even a trillion.

Try 4 trillion.

 

[Rock Hydra]

If 9/11 had never happened would we have had the housing bubble, the spike in gas and all the other financial mishaps that have brought is to where we are today?

Just curious.

9/11 was used to pass legislation that otherwise wouldn't fly (Mainly, the Patriot Act) and move the "Overton Window" closer to "Total Tyranny". Ramm Emmanuel says it best: "Don't let a good crisis go to waste. It allows you to do things you would have normally thought wasn't possible." This totally describes the Overton Window political theory.

On your point...I would say Yes. Homeland Security just needed the terrorist attack pretext. The Middle East de-stabilization was already under way. Empire War is destroying us from the PAST. What we are spending now, we will probably feel the true effects of when the US Bond rating is degraded.

 

[ProfJohn]

It might have postponed it, but it was inevitable due to other Policies enacted. Hard to be 100% sure though. Without it Bush may have lost in 2004.

No, the economy was good in 2004.

Without 9-11 and its slowdown the economy would have probably been even better.

Plus no 9-11 then no Iraq which means all the anti-war folks wouldn't have been so fired up for Kerry. Kerry might have had an even bigger loss.

 

[Craig234]

What's the correlation between the housing bubble and 9/11?

Just curious.

The argument is that 9/11 caused the Fed to lower interests rates close to zero to address the economic slowdown that happened; and those interests inadvertantly led to great buying opportunities for homes, triggering the housing bubble, and Wall Street figured out its schemes from that. It created a mentality that 'housing only goes up' and bad investing.

I have seen it argued that 9/11 was essential to the later crash happening.

 

[Craig234]

Seriously, how can anyone think Al Gore won, that was over 10 years ago and the AP already proved Bush won based on 5 different ways of doing the recount.

The result of the election doesn't change based on it being 10 years later. There were *many* independent problems - any one of which was enough to change the election.

Looking just at the recount, ignoring all the others, the recount proved Gore would have won.

The Florida Supreme Court had ordered all the uncounted ballots where the voter's intent was clear - the constitutional standard - to be counted statewide, and the Supreme Court stopped the recount a day before a judge was going to rule on whether to count overvotes, later indicating he would have. The media consortium showed Gore won under every scenario counting overvotes. Again, that's just one of many issues changing the election.

There was a lot of misleading headlining of the recount results, as they came out shortly after 9/11 and the editors did not want to piss off readers questioning the legitimacy of Bush at the time. Do some reading on it.

 

[Rock Hydra]

The argument is that 9/11 caused the Fed to lower interests rates close to zero to address the economic slowdown that happened; and those interests inadvertantly led to great buying opportunities for homes, triggering the housing bubble, and Wall Street figured out its schemes from that. It created a mentality that 'housing only goes up' and bad investing.

I have seen it argued that 9/11 was essential to the later crash happening.

I would have to say that the patriotic emotions of average Americans had to be sparked so they could be distracted. Glass Stegall was already destroyed by the Clinton Administration. This allowed the huge derivatives bubble and MASSIVE lending. IMO part of lowering the interest rates were an enticement to make war seem cheap and economically viable (which it isn't), while the super banks were busy consolidating wealth and then later vertically integrating private sector property. This is still continuing today.