Did bin Laden win?

iVillage Member
Registered: 03-26-2003
Did bin Laden win?
34
Wed, 09-24-2008 - 9:59pm

Isn't this what he wanted all along? He always said that the U.S. couldn't be defeated militarily, but could be beaten economically.


Think about it. He created and act of terror, guessing the U.S. would come after him, expend massive amounts of treasure doing so, and the chase would cause a paralysis in the economic system.


Isn't it working? Through deficit financing, we have used up all our capital, and now the economic system, so we are told, is shutting down. 


Did he create a phantom that kept this administration chasing it's tail, while the soundness of the financial system, bloated by deficit financing and lacking oversight, closed down? After all, the bubble was originally created by the lowering interest rates to keep full employment over the last six years and to finance two wars. Two invasions that didn't catch him and a huge amount of paper, rather than tax dollars were expended. And isn't the deficit what is causing the shutdown of the economic system.


Now that America is essentially broke, we don't have the money to intervine around the world. Now that most of our money is simply going to pay for past debts, we no longer have the ability to operate a sustained operation on all fronts against Islamic terrorist who are home grown.


Even if he is killed or captured now, it doesn't matter. He has handed the power off to his lieutenants and they can keep fighting. He has accomplished every one of his goals that he sat out to accomplish. And now he has a free hand to influence uprising around the world, without interference from the U.S., now too broke to stop him.


Didn't he win?

iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 10:29pm

Only in your mind. I said what I said and exactly what I said.


iVillage Member
Registered: 04-02-2008
Wed, 09-24-2008 - 10:29pm
How many mortgages has China and Japan defaulted on?
iVillage Member
Registered: 04-02-2008
Wed, 09-24-2008 - 10:32pm

Surely you don't believe that this crisis was caused by some homeowners in California who defaulted on some mortgages, do you?


That is what he posted, where does the poster want me to go with that?

iVillage Member
Registered: 04-02-2008
Wed, 09-24-2008 - 10:34pm
but we aren't bankrupt the investment banks are screwed up.
iVillage Member
Registered: 03-25-2007
Wed, 09-24-2008 - 10:34pm
Yes

Sopal


Sopal

<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />

iVillage Member
Registered: 03-26-2003
Wed, 09-24-2008 - 10:34pm

Thanks, sopel. I knew our resident reseach expert would be able to find the answer.


I came on this board before you did, and, for what it is worth, I have watched you become one of the resident experts on finding links on the internet to back up your positions. What I say doesn't mean much, really, but I'm very proud of the debater you've become.

iVillage Member
Registered: 09-19-2008
Wed, 09-24-2008 - 10:35pm

*** bin Laden knew that the neocons, leading the pocketbook patriots (Yes, I support the war, as long as I don't have to pay for it.) would run up the national debt to the point it would break the system.

Or more likely that the libs would think it was more important to get people into homes than worry about whether or not they could afford them...and then have the Dems protect the bad spending practice.

*** Surely you don't believe that this crisis was caused by some homeowners in California who defaulted on some mortgages, do you?

Yeah...that was the start of it.

*** Surely you cannot deny the huge deficiets that the Bush Administration ran up, with the whole "supply side" eco-baubble is the real cause of this credit crisis?

Sure I can. While there's plenty of blame to go around, it's pretty clear that the Dems pushed the bad loans and protected Fannie and Freddie from regulations proposed by both Bush and McCain.

*** There was no problem when WorldCom and Enron folded five year ago. But the deficits since, due to the "sunshine patriots" who supported the war as long as the debt was hidden, have caused a credit crisis due to too much debt, most of which was sucked up by the Bush Administrations "no new taxes" to pay for this war.

No, not really. The impact of the collapse of those companies was nothing compared to the breadth of the current economic "crisis."

*** I'd say a very tall, thin man in a cave in Pakistan is laughing his rear off.

Not if he got the mortgage for his cave from Fannie or Freddie.

iVillage Member
Registered: 09-22-2008
Wed, 09-24-2008 - 10:35pm
At this point, who cares?
iVillage Member
Registered: 09-22-2008
Wed, 09-24-2008 - 10:38pm
I doubt he was banking on Freddie or Fannie, he was sitting there watching GWB spend all his capital on Iraq while he's on the border of Pakistan/Afghanistan - just as he was in the 80's when he was on the CIA payroll.....
iVillage Member
Registered: 03-25-2007
Wed, 09-24-2008 - 10:40pm
He was talking of the great financial costs involved in conducting long-term wars (5 and 7 years) and running deficits in order to finance those wars and the inflationary pressure that deficit spending puts on the dollar.

Sopal

<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />