I don't intend to start the argument again about whether the US military's continued Iraq presence is helpful or harmful in making us safe from terrorism - we could go round and round on that one all day without anyone believing what anyone else is saying.
I will say this however: You cannot blame the entire hit the economy took on 09/11. The dotcom bust was in Q3 2000 or so. There was already less convention traffic and fewer business trips. Companies were being more frugal in general. The airlines were already having problems before 9/11. There were mass layoffs in the tech sector which rippled across the economy. There had been excess inventories in warehouses which had to self-correct at some point. There was a lot of this going on that predated the aforementioned acts of terrorism. The terrorist acts certainly didn't help the economy, but they weren't the source of all the problems - the airlines like to claim they weren't already losing money by then, but the loss of highly paid dotcom exec bodies in first-class seats was already starting to hurt them. --Christy Quoting Dennis Tester <[EMAIL PROTECTED]>: > St. Paul: $102,398,523 > > Even if this were true (because who's to know, really), I would say this is > peanuts compared to the loss our economy took as the result of only ONE > terrorist attack on 9-11. Most estimates for the nation were in the hundreds > of billions due to the devastation of the travel and tourist industries, > stock market and financial investments lost, and other business lost that was > directly or indirectly related to the attack. Personally, for example, I was > doing a contract job for a client in the Washington DC area that was paying > $8,000 a month. Due to all the economic uncertainty in the immediate > aftermath of the attack, my client stopped all projects and cancelled all > work with their contract vendors. My income immediately took a $96,000/year > hit that was not replaced. I subsequently cancelled a home re-modeling > project and the purchase of a new car that I had planned. The home > re-modeler told me later that he had to lay off several people because many > of his projects were b > eing canceled due to layoffs (NWA, etc.) and general economic uncertainty. > > The business is finally coming back now, but it's been a long, slow climb. > Another terrorist hit would push us right back into the hole. So the > questions is, is that figure above too much as the website suggests? Or is > it consistent with the government's role to defend us against attack ... > "whatever it takes." > > > Dennis Tester > Mac-Groveland > > > > > >----- ------- Original Message ------- ----- > >From: [EMAIL PROTECTED] > >To: [EMAIL PROTECTED] > >Sent: Thu, 23 Sep 2004 10:42:10 > > > >Just for fun - > > > >_http://www.costofwar.com_ > >(http://www.costofwar.com) > > > >Select MN from left drop down & St. Paul from > >right. > > > >Then cross-compare for education. > > > >If accurate... amazing. > > > >--Jennifer Armstrong > >Payne/Phalen > > > >_____________________________________________ > >To Join: St. Paul Issues Forum Rules Discussion > >Email: [EMAIL PROTECTED] > > > >_____________________________________________ > >NEW ADDRESS FOR LIST: [EMAIL PROTECTED] > > > >To subscribe, modify subscription, or get your > >password - visit: > >http://www.mnforum.org/mailman/listinfo/stpaul > > > >Archive Address: > > http://www.mnforum.org/mailman/private/stpaul/ > _____________________________________________ > To Join: St. Paul Issues Forum Rules Discussion > Email: [EMAIL PROTECTED] > > _____________________________________________ > NEW ADDRESS FOR LIST: [EMAIL PROTECTED] > > To subscribe, modify subscription, or get your password - visit: > http://www.mnforum.org/mailman/listinfo/stpaul > > Archive Address: > http://www.mnforum.org/mailman/private/stpaul/ > _____________________________________________ To Join: St. Paul Issues Forum Rules Discussion Email: [EMAIL PROTECTED] _____________________________________________ NEW ADDRESS FOR LIST: [EMAIL PROTECTED] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/
