Quote Originally Posted by Brett
Dude.... Again, Like I said the economy was in a downward trend the last year or so of Clinton, But it wasnt out of control at that point, People still bought shit and people still lived thier lives, But 9/11 put a deep fear to the core in most of the American people, and that made them AFRAID to spend and to start to stock pile what money they had. Why you ask? They were afraid from the media that Al Quida was going to go after the bank systems, etc... basically everything we hold of value in our lives, so with that people became afarid to spend, Take trips ( Tourism makes a HUGE part of this countries Economy ) and when that stopped, Airlines started to suffer, some went out of business, now the ones that did survive are back to pre 9/11 status as far as amounts of people flying, BUT they still are loosing money because of the last few years of people NOT flying, they all are in a deep debt. This is all a ripple effect in the country, When one thing goes bad it ripples down to alot of things going bad.

It has nothing to do with what class you ar ein life, etc. People spnt money the day before 9/11. People stopped the next day, I understand why they did, Im just saying when over 50% of the people stop buying, the economy goes down even worse, and quick. Look at the Stock Market the day after... They had to close it down because people started selling off all thier stocks and the market had its worse crash in history, and still today its not where it was before 9/11. It DOW was in the low 11,000 range, Todays reading is 10,651.18 still not where it was but in the last few years it has struggled to get back where it was. The market is a very good look at how the economy is doing, Watch it for a few weeks and you will see what I am talking about.
Okay, I totally understand what ur saying. Those airline companies that indeed went under those ppl lost their jobs, meaning that they now don't have a source of income and have less money to spend. Airline companies were not the only businesses to struggle. Hewlett Packard just let 14,500 employees go just to save 2.9 billion dollars. Ur right 9/11 had an effect on the economy and I guess initially everyone was scared to buy stuff. But the effect of 9/11 were felt only after businesses started going under and ppl began to get laid off. PPl didn't stop spending money, they just lost their jobs. Not everyone, but just enough ppl. to cause an economic disturbance. This has everything to do with what class ur in, because the middle and low class was affected by 9/11 the most as far as economcally.
But I will do like u say and watch the stock market for a weeks and see for myself.