2006-11-14 16:51:49 · 9 answers · asked by Anonymous in Politics & Government ➔ Government
I would expect the economy will be significantly stronger than what we have.
The housing market would be cheaper and more affordable.
The interest rate will be higher than what we have right now.
Our national debt will be much much lower.
Inflation will be higher than what we have today.
911 has definitely speed up the recession and cause dipping. If you remember months after 911, many companies complains the sales dropped significantly and causing massive layoffs.
The interest rates dropped to the lowest ever so to stimulate the economy. At the same time, people pull money out of the stock market and put them into their mortage and properties. Because of the interest rate was lower, real estates becomes a good investment. And people are buying more homes and sky rocketing the housing prices, even though the eonomy was bad.
Now with the housing is so expensive, people has to put more money into the mortage than before So they don't have much more money to spend on other luxury items. That causes some big high-end stores to dropped in sales.
Also, because of the 911, we spent much more money on securities and defenses. That raise the cost for travel and transportations and overall government budgets. That cuts down on programs that help low income and government programs.
Also 911 has cause the stock market to dropped significantly and many people lost their money big time on their retirement plans and their net worth in the brokerage accounts.
If we had not had the 911, the median net worth for people will be higher. And the median debt per person will be lower.
Just my opinion.
2006-11-14 17:11:59 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I'm just throwing a number out there, but I'm sure this is just as accurate as anything anyone else here would say. I'm no economist but I do have a much better understanding of stuff like this than your average idiot, I mean American citizen.
Probably 12-18 months ahead of where we are now. September 11 was a setback. September 11 was a huge economic disaster. We lost the same amount of office space in lower manhattan that day as we had in the entire city of Cincinatti. We lost productivity due to the airlines having to shut down. We are lucky that our economy is so strong that we were able to maintain some stability after something like that.
2006-11-14 16:59:07 · answer #2 · answered by Anonymous · 1⤊ 0⤋
That's wierd you should ask that. I just had that thought about an hour ago. I think we were in a little bit of the beginings of a recession when it happened. After it happened there was a bigger dip. I'm sorry, I don't know but I'd like to.
2006-11-14 16:53:37 · answer #3 · answered by profile image 5 · 0⤊ 0⤋
Oh my, the place to start? Bush could have been a million term purely. Deficit would not be so extreme by way of 2 unfunded wars yet might nonetheless be extreme by way of unfunded Medicare expansion and No baby Left at the back of. maximum of civil rights and privateness protections might nonetheless exist which disappeared with Patriot Act even although they have been already in downward spiral for the duration of Clinton admin. financial crises grew to become into going to take place besides yet consistent with threat no longer so speedy and as much as now. Over 2000 youthful Iraq/Afghanistan war vets would not have slept in the streets of u.s. final night by way of fact of repeated deployments and trauma leaving them with lack of ability to manage their own lives. plenty could be an identical and plenty distinctive. US might nonetheless be occupying Muslim international places or providing weapons to whomever it felt served its hobbies on the time. people overlook that their tax money gave weapons to Saddam and Osama alike. it would particularly take time to pass returned and run an in intensity analysis and nonetheless be too hypothetical to the element of frustration. Very thrilling query certainly. Frankly ask your self what if Cheney had improve right into a school instructor particularly of a ability broking provider. That takes us returned to 30 years of what could be distinctive? do no longer spend too plenty time in this - too depressing. Take care.
2016-10-22 02:58:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The exact same. Slumping now, but on the verge of another boom.
Peace.
2006-11-14 16:53:50 · answer #5 · answered by James S 4 · 0⤊ 0⤋
Probably about the same as it is now. Inflation is going to happen no matter what.
2006-11-14 16:53:56 · answer #6 · answered by sweet.pjs1 5 · 0⤊ 0⤋
Definitely bankrupt
2006-11-14 17:02:18 · answer #7 · answered by Pishisauraus 3 · 0⤊ 1⤋
not much different cept you would not have to take your shoes off to fly. The government would be still screwing things up (that is normal)
2006-11-14 16:58:11 · answer #8 · answered by Augie 6 · 0⤊ 0⤋
Still on the verge of collapse.
2006-11-14 17:58:43 · answer #9 · answered by Anonymous · 2⤊ 0⤋