But interesting how Terrorist's deliberate goal to bring U.S. Economy to complete destruction, is actually seeing a stronger America...(below)
But just how badly is America supposed to be doing...
James Pethokoukis, assistant managing editor for the Money & Business section at U.S. News & World Report, asks:
"When the terrorist attacks happened, the Internet stock bubble was in full implosion mode. The economy dipped in the third quarter of 2001 and was slightly negative in two of the previous four quarters. But it's been nothing but growth since then.""Overall... he says, "The American economy is, adjusting for inflation, $1.65 trillion bigger than it was six years ago."
"To put that gigantic number in some perspective, the U.S. economy has added the equivalent of five Saudi Arabias, eight Irans, 13 Pakistans, or 15 Egypts, depending on your preference. And while 9/11 did cause the stock market to plunge, the Dow is 37 percent higher than it was on Sept. 10, 2001, creating trillions of dollars of new wealth for Americans. What's more, the unemployment rate is 4.6 percent today vs. 5.7 percent back then. Not bad at all."Along with Bin Laden's War on the U.S. Economy... For the last several years, the Iranian Regime has openly waged a campaign:
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View iht article: Iran seals its doors tighter against the West
"When Ahmadinejad was elected, he campaigned as a Robin Hood, promising to redistribute Iran's oil wealth from the rich to the poor. One of his first edicts was to order banks to lower interest rates to 12 percent, from as high as 17 percent. The order, like others, backfired, making loans harder to come by.But with its oil revenues, the government has, in the short term, been able to buy itself out of an economic meltdown by using $60 billion for subsidies and a massive increase in imports - although that has undermined local manufacturing, economists here said...
In another case, Ahmadinejad decided that the price of cement was too high, so he ordered it reduced. Rashadi, the economist, said the decree frightened away investors who had planned to build new cement factories around the country.
Rashadi also said the president's constant insults aimed at the stock market had undermined investor confidence, which he said encouraged people with money to invest in real estate, driving up property values."
"Some of those interviewed said the oil revenues also have helped shore up the regime by enriching a new ruling class made up of members of the Revolutionary Guard and alumni of the Basij militia, who have their hands in nearly every aspect of the economy - and now in much of the government as well.
Ahmadinejad's economic policies have also cushioned many homeowners because property values have skyrocketed. Three years ago, for example, a four-bedroom apartment in a good Tehran neighborhood sold for $200,000; it could be worth more than $1 million today."
