Whenever an act of terror occurs the focus is usually on the human cost and rightly so. People cannot be replaced while buildings and money can. However, that doesn’t mean that acts of terror are without an economic cost. As a matter of fact the economic cost of terror is really what people like Osama Bin Laden are focusing on.
Al Qaeda realizes they can never win a conventional war against the United States. We have the most high tech military in the world, bar none. We also have a much larger fighting force. Al Qaeda realizes all of this and because of it they choose to attack the World Trade Center. It was a hub for commerce in the world and destroying it cost the US billions of dollars and slowed the economy down. That is the war Al Queda thinks it can win. They think they can cause the United States to spend itself into defeat.
To a great extent the current administration is falling right into their trap. The cost of the war is difficult to estimate but by the time we are done we will have spent between 1-2 Trillion dollars in total. That’s a lot of zeros. $1,000,000,000,000. While the amount of stability the war has brought to the region will be something the future will tell us it’s hard to argue that Al Qaeda hasn’t scored a victory in getting us to spend that kind of money.
To put that in comparison, implimenting universal health care in the United States would have cost us about half that amount or less over the same period of time. The US can’t continue to fall right into the Bin Laden’s trap. Al Qaeda knows they can’t win a war of bombs but they can win a war of Dollars.
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