Heightened natl security fears another blow to economy
Fox NewsWith the U.S. economy showing signs of continued weakness and with the country still reeling in the wake of the Fort Hood massacre and the botched Christmas Day airline attack, economists are raising concerns that a "third strike" -- another terror attack in the U.S. -- could deal a crippling blow to the nation's economic recovery.
With President Barack Obama asserting that national security is now a top priority, political analysts and pundits debate what this means for the nation's economic health.
A nation vulnerable in its economy is thus more vulnerable in its national security, which is why experts say it is important that the President speak harshly in the wake of the Christmas day attempted bombing of a US airline by a Yemen-linked Nigerian national.
"If the administration did nothing, that would heighten fear, and that could lead to a problem," said Adam Rose, a coordinator for economics with the Center for Risk and Economic Analysis of Terrorism Events at the University of Southern California.
"The country, we're still licking our wounds, and you don't want to create a public perception that we're vulnerable to attack," said Alberto Abadie, a public professor at Harvard University's Kennedy School of Government and a researcher on the links between terrorism and economics.
On Thursday, Obama announced a push to revamp the terror watch list, improve airport screening and hold the intelligence community more accountable for tracking suspects. His announcement came a day ahead of Friday's monthly Labor Department report, which that showed the economy lost 85,000 jobs and that the unemployment rate remained at 10 percent.