From Roughly Drafted’s Osama Bin Laden’s Dream of US Economic Collapse: “The current economic collapse among US banks has cost taxpayers over $800 billion so far in federal bailouts. Add in the trillions spent off the budget in financing the occupation of Iraq and a maintenance mode war in Afghanistan, and it’s obvious that the yet uncaptured Bin Laden can declare ‘mission accomplished.’ In November 2004, CNN reported that Bin Laden released a video monologue to Al-Jazeera where the terror-savvy, extreme fundamentalist announced plans to continue a ‘policy in bleeding America to the point of bankruptcy’ using similar tactics to those used when fighting the Soviet Union in Afghanistan in the 80s…”
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11 Comments
This is getting bad. Now we are linking Osama to the economy. Awesome. Can we blame Brady getting his knee blown out on him too?
noone is linking anyone to anything… - it’s an article on what bin laden supposedly said a while ago in a video address…
and yes… - you can partially blame brady for getting his own leg injured… - he was on a field with a bunch of big football players that want to tackle him… - that’s like saying that dale earnhardt was clueless to the consequences of driving a zillion miles an hour around a track with a bunch of other cars doing the same exact thing…
Mission accomplished? As in the mission that Osama set out to do in the video was accomplshed. How is that not a “link”?
I call the play calling on him getting injured. The more you pass the more chance you got to get the qb hit.
this post is basically just pointing out the eerie coincidences of what osama said and what has actually happened… - it’s not linking osama directly to the economic crisis…
What Dave said.
I’m not suggesting (and neither is the editor of Roughly Drafted Magazine) that Osama Bin Laden caused the housing bubble to burst or Wall Street to make poor investment decisions or Congress to deregulate the banking industry.
But Osama Bin Laden said that his goal was to “bleed America to point of bankruptcy” and George W. Bush’s said his goal was to capture Bin Laden. At the moment, one of those looks more likely than the other.
That’s what I’m suggesting.
He is not bleeding the economy dry though is he? This reeks of the Bush administration putting Bin laden in every speech about Iraq. There is no connection so why even put them together?
We’re spending billions and billions of dollars a month to fight in Iraq and Afghanistan, and we’re doing this with a budget deficit…
That’s not bleeding the economy?
So if this housing mess didn’t happen the economy would be suffering? High unemplyment, low growth rate, and all the other things a bad economy brings?
We all know the US’s GDP is 13 trillion right? The world combined is in the 50’s. We could fight in Iraq for the next 50 years before we would really start to feel the economic ramifications of it.
Okay, since I’m not a money person, help me to understand this.
GDP is $13.84 trillion (est. 2007). If the bail-out goes through, the national debt limit will be $11.3 trillion, which is…what…84% of the GDP?
Now, that would seem to mean that we make 16% more than we spend, so what’s the big deal, right?
Well, the big deal is that our debt is increasing faster than our GDP. I don’t think anyone would argue that the United States is going to collapse tomorrow (though maybe a few people would (yes, I know that’s an Iranian source)), but the current trend is obviously “not good.”
The one biggest indicator for our economic doom is growth. AS long as there is growth in gdp then the debt really is not that big of a factor. (given if there is another couple 800 billion dollar bailouts this could change).