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September 30, 2008

The enemy at home

The first attack on the World Trade Center in 1993 and the second on September 11, 2001 were said to be an attempt by Osama bin Laden to destroy the U.S. economy. Isn’t it ironic that our own people accomplished what radical Islamic terrorists failed to do, and they did it without taking a single life?

Given our current financial uncertainty, bickering and posturing in Congress, and with the presidential election just a month or so away, our government appears to be in a state of chaos. In the eyes of our enemies we may appear vulnerable. I certainly hope those in charge of our national security are paying attention.

F. D. Jordan
Kansas City



By making the economy a shambles and therefore not much of a target, it looks like Bush has protected us from the external threat after all.

But seriously, there is a void in this letter where logic should be.

Pub 17

Actually, bin Laden specifically set out a strategy of bleeding the enemy to bankruptcy. He's doing to us what Reagan did to the Soviets.


I'm sure the small group that brought down the towers had no idea of the fact this administration would put the cost of responding on our great grandchildren, just as I don't think they expected the occupation of Afghanistan and Iraq for at least a decade.


Your USSR example, however, is an interesting take on the motives and strategy behind the muslim extremists we now face. If true, and in light of the "terrorist next door" paranoia we seem to live with, it would be hard to imagine our leaders recognizing the situation and responding appropriately.


"...the cost of our occupation of Iraq over the years and its horrendous affect and burden to the American taxpayer..."

I agree that the cost of the war will be a large burden on ourselves and future generations, but don't see the immediate costs as a reason for the current issues we face. The investment and trading of credit derivatives and similar financial instruments, which were (are) poorly understood, over-leveraged, and dependant upon the ever-increasing property values seems to be the most likely culprit. When combined with poor risk management decisions, these seemed to brew the current "perfect storm" more than excessive deficit spending on the part of the government.


It has been said That President Reagan defeated the Soviet Union by escalating the price of the arms race to a point that it shattered their financial system. It will be interesting (but sad) to weigh the cost of our occupation of Iraq over the years and its horrendus affect and burden to the American taxpayer(many yet to be conceived) and economy.

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