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-   -   Top 10 Most Expensive Disasters in History (https://gfy.com/showthread.php?t=892171)

NetHorse 03-07-2009 10:27 AM
Top 10 Most Expensive Disasters in History
 
# 10. Tanker Truck vs Bridge - $358 Million
On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the Wiehltal Bridge in Germany .. The tanker crashed through the guardrail and fell 90 feet off the A4 Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million

http://i280.photobucket.com/albums/k...apture1-18.jpg

# 9. MetroLink Crash - $500 Million
On September 12, 2008, in what was one of the worst train crashes in California history, 25 people were killed when a Metrolink commuter train crashed head-on into a Union Pacific freight train in Los Angeles . It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging.. Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.

http://i280.photobucket.com/albums/k...Capture2-8.jpg

# 8. B-2 Bomber Crash - $1.4 Billion
Here we have our first billion dollar accident (and we ' re only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from an air base in Guam on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.

http://i280.photobucket.com/albums/k...Capture3-3.jpg

# 7. Exxon Valdez - $2.5 Billion
The Exxon Valdez oil spill was not a large one in relation to the world ' s biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship ' s master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion

http://i280.photobucket.com/albums/k...Capture4-1.jpg

# 6. Piper Alpha Oil Rig - $3.4 Billion
The world ' s worst off-shore oil disaster. At one time, it was the world ' s single largest oil producer, spewing out 317,000 barrels of oil per day. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world ' s most expensive oil rig accident was set in motion.
Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.

http://i280.photobucket.com/albums/k...1/Capture5.jpg

# 5. Challenger Explosion - $5.5 Billion
The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today ' s dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today's dollars).

http://i280.photobucket.com/albums/k...1/Capture6.jpg

# 4. Prestige Oil Spill - $12 Billion
On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia , Spain . Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbor. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea.
According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.

http://i280.photobucket.com/albums/k...1/Capture7.jpg

# 3. Space Shuttle Columbia - $13 Billion
The Space Shuttle Columbia was the first space worthy shuttle in NASA ' s orbital fleet. It was destroyed during re-entry over Texas on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2 Billion in 1978. That comes out to $6.3 Billion in today ' s dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.
In the end, the total cost of the accident (not including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics

http://i280.photobucket.com/albums/k...1/Capture8.jpg

# 2. Chernobyl - $200 Billion
On April 26, 1986, the world witnessed the costliest accident in history. The Chernobyl disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area of Ukraine is in some way contaminated. Over 200,000 people had to be evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to Chernobyl , including people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the Chernobyl nuclear plant will cost $2 billion alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety requirements needed.

http://i280.photobucket.com/albums/k...1/Capture9.jpg

# 1. 2008 Presidential Election- $800 Billion + in the first two months???..

http://i280.photobucket.com/albums/k.../Capture11.jpg

:upsidedow

xNetworx 03-07-2009 10:32 AM
http://www.thephoenixoflight.net/r/michaelMOAR.jpg

Reak AGV 03-07-2009 10:34 AM
Must say I didn't expect the number 10 ;)

notoldschool 03-07-2009 10:34 AM
Good thread.

GirlBri 03-08-2009 02:49 PM
yea, wrong president, how about bush dumb ass

DirtyDanza 03-08-2009 03:02 PM
funny thread....

HomerSimpson 03-08-2009 04:17 PM
where's fuckin' G. W. Bush on that list!?!?!?

charlie3273 03-08-2009 04:28 PM
Quote:
Originally Posted by HomerSimpson (Post 15600460)
where's fuckin' G. W. Bush on that list!?!?!?
ya no shit that tard killed the u.s. obama is trying to pick all the pieces after what that jackass did

D Ghost 03-08-2009 05:13 PM
Hahahah yes

Drake 03-08-2009 05:14 PM
Good read, I didn't see #1 coming. lol.

kane 03-08-2009 05:25 PM
Quote:
Originally Posted by pimpporn (Post 15596132)
this made me laugh for a solid 5 minutes.

AMDWarrior 03-08-2009 05:56 PM
True, so True..:thumbsup n :321GFY obama..

GatorB 03-08-2009 05:58 PM
Nethorse would be the first in line to collect his part of the stimulus bill. total hypocrite.

CyberHustler 03-08-2009 06:15 PM
Quote:
Originally Posted by GatorB (Post 15600903)
Nethorse would be the first in line to collect his part of the stimulus bill. total hypocrite.
:1orglaugh

NetHorse 03-08-2009 06:51 PM
Quote:
Originally Posted by GatorB (Post 15600903)
Nethorse would be the first in line to collect his part of the stimulus bill. total hypocrite.
Yes, and you would be right behind me. :thumbsup

GatorB 03-08-2009 07:11 PM
Quote:
Originally Posted by NetHorse (Post 15601102)
Yes, and you would be right behind me. :thumbsup
and.....? I'm not the one criticizing Obama or the stimulus

Azoy? 03-08-2009 07:59 PM
Quote:
Originally Posted by NetHorse (Post 15596116)
# 10. Tanker Truck vs Bridge - $358 Million
On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the Wiehltal Bridge in Germany .. The tanker crashed through the guardrail and fell 90 feet off the A4 Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million

http://i280.photobucket.com/albums/k...apture1-18.jpg

# 9. MetroLink Crash - $500 Million
On September 12, 2008, in what was one of the worst train crashes in California history, 25 people were killed when a Metrolink commuter train crashed head-on into a Union Pacific freight train in Los Angeles . It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging.. Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.

http://i280.photobucket.com/albums/k...Capture2-8.jpg

# 8. B-2 Bomber Crash - $1.4 Billion
Here we have our first billion dollar accident (and we ' re only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from an air base in Guam on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.

http://i280.photobucket.com/albums/k...Capture3-3.jpg

# 7. Exxon Valdez - $2.5 Billion
The Exxon Valdez oil spill was not a large one in relation to the world ' s biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship ' s master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion

http://i280.photobucket.com/albums/k...Capture4-1.jpg

# 6. Piper Alpha Oil Rig - $3.4 Billion
The world ' s worst off-shore oil disaster. At one time, it was the world ' s single largest oil producer, spewing out 317,000 barrels of oil per day. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world ' s most expensive oil rig accident was set in motion.
Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.

http://i280.photobucket.com/albums/k...1/Capture5.jpg

# 5. Challenger Explosion - $5.5 Billion
The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today ' s dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today's dollars).

http://i280.photobucket.com/albums/k...1/Capture6.jpg

# 4. Prestige Oil Spill - $12 Billion
On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia , Spain . Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbor. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea.
According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.

http://i280.photobucket.com/albums/k...1/Capture7.jpg

# 3. Space Shuttle Columbia - $13 Billion
The Space Shuttle Columbia was the first space worthy shuttle in NASA ' s orbital fleet. It was destroyed during re-entry over Texas on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2 Billion in 1978. That comes out to $6.3 Billion in today ' s dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.
In the end, the total cost of the accident (not including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics

http://i280.photobucket.com/albums/k...1/Capture8.jpg

# 2. Chernobyl - $200 Billion
On April 26, 1986, the world witnessed the costliest accident in history. The Chernobyl disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area of Ukraine is in some way contaminated. Over 200,000 people had to be evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to Chernobyl , including people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the Chernobyl nuclear plant will cost $2 billion alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety requirements needed.

http://i280.photobucket.com/albums/k...1/Capture9.jpg

# 1. George Bush

http://www.thebestpageintheuniverse....h_riding10.jpg
http://sc.tri-bit.com/images/f/f2/Bush-quote.jpg

:upsidedow
This looks like a better top 10 list.
Bush fucked everyone and the reason the economy is the way it is. His policies which were lack to say the list were the reason no one watched the banking system or the companies involved in this mess which allowed them to do as they wish cash good ollllllll George was in power and they didn't have to worry about rules and regulations.
Fuck the SEC even knew about Bernard madoff and they didn't do anything about that.

Voodoo 03-08-2009 08:01 PM
$800B to clean up his predecessor's messes.

DaddyHalbucks 03-08-2009 08:10 PM
It's funny how everybody is missing GWB, the favorite whipping boy of the left.

In reality... 50 years of misguided big government social programs courtesy of big spending legislators (primarily Democrats) produced the current mess, but Obama sure isn't helping things.

Obama is a carnival barker for the left, for sure.

NetHorse 03-08-2009 10:48 PM
Quote:
Originally Posted by GatorB (Post 15601235)
and.....? I'm not the one criticizing Obama or the stimulus
Well you should be criticizing it..Regardless of anything, it IS a financial disaster. :)

The Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years.

More than $1.6 trillion has been erased from U.S. equities since Jan. 20 as mounting bank losses and rising unemployment convinced investors the recession is getting worse.

http://www.bloomberg.com/apps/news?p...d=aGJ_.gr_awkY

Blame it on Bush if ya want, but in the end Obama will put us in a far worse position than we could have ever imagined Bush being responsible for. :upsidedow

$32 billion to expand coverage for the children of low-income workers
$19 billion to speed the adoption of computerized health records
$1.1 Billion for Weather proofing houses
$1 billion dollars on repairs for Marine 1
$78 Million dollars on an Antartic Ice Breaker

That's just a portion of the ridiculousness of the signed stimulus package.

http://images.quickblogcast.com/9666...eedReserve.jpg

"Obama has called on Congress to send him a health care reform bill this year bringing the uninsured into a costly system. Experts say the cost could easily exceed $1 trillion over 10 years, a figure that the Obama administration does not dispute."

Lets spend billions of tax payer money to cater to the unfortunate who don't pay taxes, don't work or stimulate the economy whatsoever. The perfect plan when our economy is in it's current shape. Criticize Obama? NEVER!! Obama is the messiah!! :thumbsup

xsabn 03-09-2009 06:08 AM
nice list

HorseShit 03-09-2009 06:17 AM
this thread sucks

tranza 03-09-2009 06:42 AM
Damn, this is a huge amount of money!!

NetHorse 03-09-2009 10:21 AM
Quote:
Originally Posted by jdavis (Post 15603109)
this thread sucks
My thread kicks ass. :)

Angry Jew Cat - Banned for Life 03-09-2009 10:29 AM
made me chuckle, good stuff

John-ACWM 03-09-2009 11:02 AM
number one :1orglaugh

LAJ 03-09-2009 12:16 PM
Thanks for the edit Azoy. The only thing that needs to be updated is a few zeros after the $$ amount of damage the bush admin caused.

Overload 03-09-2009 01:23 PM
Quote:
Originally Posted by AMDWarrior (Post 15600892)
True, so True..:thumbsup n :321GFY obama..
you wud have given GWB a third period? when did ya quit thinking?

Quagmire 03-09-2009 01:31 PM
Quote:
Originally Posted by NetHorse (Post 15602304)
Lets spend billions of tax payer money to cater to the unfortunate who don't pay taxes, don't work or stimulate the economy whatsoever. The perfect plan when our economy is in it's current shape. Criticize Obama? NEVER!! Obama is the messiah!! :thumbsup
Naw, just spend trillions of dollars on wars trying to bring democracy to countries around the world who don't pay taxes. Makes more sense than spending billions on US citizens and their needs. :error

NetHorse 03-09-2009 02:03 PM
Quote:
Originally Posted by Quagmire (Post 15604949)
Naw, just spend trillions of dollars on wars trying to bring democracy to countries around the world who don't pay taxes. Makes more sense than spending billions on US citizens and their needs. :error
Obama will still be doing that, as well as raising taxes on the businesses and people who are successful so he can give it to the poor.

http://blogs.rockymountainnews.com/b...Spread_500.jpg

Splum 03-09-2009 02:16 PM
This thread is win.

u-Bob 03-09-2009 02:19 PM
Quote:
Originally Posted by Reak AGV (Post 15596140)
Must say I didn't expect the number 10 ;)
same here :)

_Richard_ 03-09-2009 03:01 PM
Quote:
Originally Posted by NetHorse (Post 15602304)
Well you should be criticizing it..Regardless of anything, it IS a financial disaster. :)

The Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years.

More than $1.6 trillion has been erased from U.S. equities since Jan. 20 as mounting bank losses and rising unemployment convinced investors the recession is getting worse.

http://www.bloomberg.com/apps/news?p...d=aGJ_.gr_awkY

Blame it on Bush if ya want, but in the end Obama will put us in a far worse position than we could have ever imagined Bush being responsible for. :upsidedow

$32 billion to expand coverage for the children of low-income workers
$19 billion to speed the adoption of computerized health records
$1.1 Billion for Weather proofing houses
$1 billion dollars on repairs for Marine 1
$78 Million dollars on an Antartic Ice Breaker

That's just a portion of the ridiculousness of the signed stimulus package.

http://images.quickblogcast.com/9666...eedReserve.jpg

"Obama has called on Congress to send him a health care reform bill this year bringing the uninsured into a costly system. Experts say the cost could easily exceed $1 trillion over 10 years, a figure that the Obama administration does not dispute."

Lets spend billions of tax payer money to cater to the unfortunate who don't pay taxes, don't work or stimulate the economy whatsoever. The perfect plan when our economy is in it's current shape. Criticize Obama? NEVER!! Obama is the messiah!! :thumbsup
you don't know what you're talking about regarding healthcare.

Quagmire 03-09-2009 03:02 PM
Quote:
Originally Posted by NetHorse (Post 15605092)
Obama will still be doing that, as well as raising taxes on the businesses and people who are successful so he can give it to the poor.

http://blogs.rockymountainnews.com/b...Spread_500.jpg
You say that like he has a choice. :1orglaugh

cotsios 03-10-2009 10:57 AM
intersting thread

potter 03-10-2009 11:29 AM
The Iraq War Will Cost Us $3 Trillion, and Much More

Quote:
There is no such thing as a free lunch, and there is no such thing as a free war. The Iraq adventure has seriously weakened the U.S. economy, whose woes now go far beyond loose mortgage lending. You can't spend $3 trillion -- yes, $3 trillion -- on a failed war abroad and not feel the pain at home.

Some people will scoff at that number, but we've done the math. Senior Bush administration aides certainly pooh-poohed worrisome estimates in the run-up to the war. Former White House economic adviser Lawrence Lindsey reckoned that the conflict would cost $100 billion to $200 billion; Defense Secretary Donald H. Rumsfeld later called his estimate "baloney." Administration officials insisted that the costs would be more like $50 billion to $60 billion. In April 2003, Andrew S. Natsios, the thoughtful head of the U.S. Agency for International Development, said on "Nightline" that reconstructing Iraq would cost the American taxpayer just $1.7 billion. Ted Koppel, in disbelief, pressed Natsios on the question, but Natsios stuck to his guns. Others in the administration, such as Deputy Defense Secretary Paul D. Wolfowitz, hoped that U.S. partners would chip in, as they had in the 1991 Persian Gulf War, or that Iraq's oil would pay for the damages.
ad_icon

The end result of all this wishful thinking? As we approach the fifth anniversary of the invasion, Iraq is not only the second longest war in U.S. history (after Vietnam), it is also the second most costly -- surpassed only by World War II.

Why doesn't the public understand the staggering scale of our expenditures? In part because the administration talks only about the upfront costs, which are mostly handled by emergency appropriations. (Iraq funding is apparently still an emergency five years after the war began.) These costs, by our calculations, are now running at $12 billion a month -- $16 billion if you include Afghanistan. By the time you add in the costs hidden in the defense budget, the money we'll have to spend to help future veterans, and money to refurbish a military whose equipment and materiel have been greatly depleted, the total tab to the federal government will almost surely exceed $1.5 trillion.

But the costs to our society and economy are far greater. When a young soldier is killed in Iraq or Afghanistan, his or her family will receive a U.S. government check for just $500,000 (combining life insurance with a "death gratuity") -- far less than the typical amount paid by insurance companies for the death of a young person in a car accident. The stark "budgetary cost" of $500,000 is clearly only a fraction of the total cost society pays for the loss of life -- and no one can ever really compensate the families. Moreover, disability pay seldom provides adequate compensation for wounded troops or their families. Indeed, in one out of five cases of seriously injured soldiers, someone in their family has to give up a job to take care of them.

But beyond this is the cost to the already sputtering U.S. economy. All told, the bill for the Iraq war is likely to top $3 trillion. And that's a conservative estimate.

President Bush tried to sell the American people on the idea that we could have a war with little or no economic sacrifice. Even after the United States went to war, Bush and Congress cut taxes, especially on the rich -- even though the United States already had a massive deficit. So the war had to be funded by more borrowing. By the end of the Bush administration, the cost of the wars in Iraq and Afghanistan, plus the cumulative interest on the increased borrowing used to fund them, will have added about $1 trillion to the national debt.

The long-term burden of paying for the conflicts will curtail the country's ability to tackle other urgent problems, no matter who wins the presidency in November. Our vast and growing indebtedness inevitably makes it harder to afford new health-care plans, make large-scale repairs to crumbling roads and bridges, or build better-equipped schools. Already, the escalating cost of the wars has crowded out spending on virtually all other discretionary federal programs, including the National Institutes of Health, the Food and Drug Administration, the Environmental Protection Agency, and federal aid to states and cities, all of which have been scaled back significantly since the invasion of Iraq.

To make matters worse, the U.S. economy is facing a recession. But our ability to implement a truly effective economic-stimulus package is crimped by expenditures of close to $200 billion on the two wars this year alone and by a skyrocketing national debt.

The United States is a rich and strong country, but even rich and strong countries squander trillions of dollars at their peril. Think what a difference $3 trillion could make for so many of the United States' -- or the world's -- problems. We could have had a Marshall Plan to help desperately poor countries, winning the hearts and maybe the minds of Muslim nations now gripped by anti-Americanism. In a world with millions of illiterate children, we could have achieved literacy for all -- for less than the price of a month's combat in Iraq. We worry about China's growing influence in Africa, but the upfront cost of a month of fighting in Iraq would pay for more than doubling our annual current aid spending on Africa.

Closer to home, we could have funded countless schools to give children locked in the underclass a shot at decent lives. Or we could have tackled the massive problem of Social Security, which Bush began his second term hoping to address; for far, far less than the cost of the war, we could have ensured the solvency of Social Security for the next half a century or more.

Economists used to think that wars were good for the economy, a notion born out of memories of how the massive spending of World War II helped bring the United States and the world out of the Great Depression. But we now know far better ways to stimulate an economy -- ways that quickly improve citizens' well-being and lay the foundations for future growth. But money spent paying Nepalese workers in Iraq (or even Iraqi ones) doesn't stimulate the U.S. economy the way that money spent at home would -- and it certainly doesn't provide the basis for long-term growth the way investments in research, education or infrastructure would.
http://www.washingtonpost.com/wp-dyn...030702846.html

potter 03-10-2009 11:31 AM
How much did the September 11 terrorist attack cost America?

Quote:
Counting the value of lives lost as well as property damage and lost production of goods and services, losses already exceed $100 billion. Including the loss in stock market wealth -- the market's own estimate arising from expectations of lower corporate profits and higher discount rates for economic volatility -- the price tag approaches $2 trillion.

Among the big-ticket items:

The loss of four civilian aircraft valued at $385 million.

The destruction of major buildings in the World Trade Center with a replacement cost of from $3 billion to $4.5 billion.

Damage to a portion of the Pentagon: up to $1 billion.

Cleanup costs: $1.3 billion.

Property and infrastructure damage: $10 billion to $13 billion.

Federal emergency funds (heightened airport security, sky marshals, government takeover of airport security, retrofitting aircraft with anti-terrorist devices, cost of operations in Afghanistan): $40 billion.

Direct job losses amounted to 83,000, with $17 billion in lost wages.

The amount of damaged or unrecoverable property hit $21.8 billion.

Losses to the city of New York (lost jobs, lost taxes, damage to infrastructure, cleaning): $95 billion.

Losses to the insurance industry: $40 billion.

Loss of air traffic revenue: $10 billion.

Fall of global markets: incalculable.
http://www.iags.org/costof911.html

potter 03-10-2009 11:32 AM
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potter 03-10-2009 11:32 AM
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submitpasses 03-10-2009 12:56 PM
wtf - is this the new official uniform for Wal-mart greeters now?? Good thread!! lol

kane 03-10-2009 01:28 PM
Quote:
Originally Posted by DaddyHalbucks (Post 15601590)
It's funny how everybody is missing GWB, the favorite whipping boy of the left.

In reality... 50 years of misguided big government social programs courtesy of big spending legislators (primarily Democrats) produced the current mess, but Obama sure isn't helping things.

Obama is a carnival barker for the left, for sure.
I guess we just overlook that of the last 28 years we have had 20 years of Republican presidents and 16 years with a republican controlled senate. Not to count about a 10 year span where they controlled both the house and senate.

Sure there was plenty of democrat controlled stuff before that, but if the republicans really were interested in ending the big spending and turning the direction of the country around they have had plenty of chances during the last 28 years and have done little or nothing about it.

aniloscash 03-10-2009 02:06 PM
W didnt make the list because we cant put a valuation on the money he cost

bobby666 03-10-2009 02:25 PM
an interesting list


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