The Guardian is making some interesting connections between terrorist attacks and the economy. We all saw how the markets took a tumble after 9/11, and you may have even noticed the drops after the Istanbul bombings yesterday. These market anomalies can not be predicted by analysts and experts on the NYSE. We have been told over and over again that this market has turned around, and that an economic recovery is on the way, but we also have to realize that the world that Bush has created since 9/11 is a world full of uncertainties. We know nothing about what could happen to effect the markets. As we saw in Istanbul this week, the attacks don't have to happen in this country in order for them to adversely alter our financial markets. In a Bush Economy nothing is safe, and nothing can be predicted. If there is anything that we can be certain of as long as Bush is president it is that nothing is as certain as chaos, and that's the way his campaign team likes it best. There is nothing that measures quite as high as fear when you want to strike a chord within the electorate.
Here's an excerpt from the Guardian article:
"The combination of prolonged guerrilla warfare in Iraq and increasingly frequent terrorist attacks on Americans and their allies will doubtless chafe at economic confidence. However, only if terror returns to the US itself is there likely to be any material impact on economic activity. Next year is presidential election year, hence likely to be one of strong growth as the incumbent primes the pump to bring electors to the polls. President Bush, bedevilled by the elusiveness of Osama bin Laden and Saddam Hussein, will have his managers pumping for all they are worth."Posted by Paul Hina at November 21, 2003 10:26 PM