We were attacked from more than one angle on that day.
The economic consequences of September 11 were that many people lost their source of income across the land. Father's that had to make child support payments were left with no means in which to take care of their children. People who were getting ready for retirement were forced to look at working for another five years to guarantee their pensions. Consumers were afraid to spend money in fear that they would lose their jobs, and not be able to make rent. The economy seemed to come to a halt.
However, Bin Laden was wrong. Not only was he wrong about our sprit as a nation, but also about the resiliency of American businesses. Interest rates were dropped by the Federal Reserve, which in turn, boosted consumer interest. Automakers completely got rid of their interest rates by going to the zero percent financing, in order to allow people to purchase new cars. Everything American companies did to convince consumers to spend money boosted the economy.
Analysts now are saying that, perhaps, we were not even in a recession. The stock market is climbing higher than it was before the attacks! This is proving that Bin Laden