Publisher description

In a work of history that will make headlines, New York Times reporter Philip Shenon investigates the investigation of 9/11 and tells the inside story of most important federal commission since the the Warren Commission. Shenon uncovers startling new information about the inner workings of the 9/11 commission and its relationship with the Bush White House. The Commission will change our understanding of the 9/11 investigation -- and of the attacks themselves.

The most comprehensive account to date of the 9/11 attack on the Pentagon and aftermath, this volume includes unprecedented details on the impact on the Pentagon building and personnel and the scope of the rescue, recovery, and caregiving effort. It features 32 pages of photographs and more than a dozen diagrams and illustrations not previously available.

"This volume represents the complete work of the 9/11 Commission staff report, "9/11 and terrorist travel", as published on the 9/11 Commission Web site on August 22, 2004 ..."--Title page verso.

The untold story of how the 9/11 Commission overcame partisanship and bureaucracy to produce its acclaimed report. From the beginning, the 9/11 Commission found itself facing obstacles — the Bush administration blocked its existence for months, the first co-chairs resigned right away, the budget was limited, and a polarized Washington was suspicious of its every request. Yet despite these long odds, the Commission produced a bestselling report unanimously hailed for its objectivity, along with a set of recommendations that led to the most significant reform of America’s national security agencies in decades. This is a riveting insider’s account of Washington at its worst — and its best.

The tragedy of September 11, 2001 was so sudden and devastating that it may be difficult at this point in time to write dispassionately and objectively about its effects on the U.S. economy. This retrospective review will attempt such an undertaking. The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the United States even though it had a very significant localized effect on New York City and, to a lesser degree, on the greater Washington, D.C. area. Thus, for 9/11 to affect the economy it would have had to have affected the price of an important input, such as energy, or had an adverse effect on aggregate demand via such mechanisms as consumer and business confidence, a financial panic or liquidity crisis, or an international run on the dollar. It was initially thought that aggregate demand was seriously affected, for while the existing data showed that GDP growth was low in the first half of 2001, data published in October showed that GDP had contracted during the 3rd quarter. This led to the claim that "The terrorist attacks pushed a weak economy over the edge into an outright recession." We now know, based on revised data, this is not so. At the time of 9/11 the economy was in its third consecutive quarter of contraction; positive growth resumed in the 4th quarter. This would suggest that any effects from 9/11 on demand were short lived. While this may be true, several events took place before, on, and shortly after 9/11, that made recovery either more rapid than it might have been or made it possible to take place. First, the Federal Reserve had eased credit during the first half of 2001 to stimulate aggregate demand. The economy responds to policy changes with a lag in time. Thus, the public response may have been felt in the 4th quarter giving the appearance that 9/11 had only a limited effect. Second, the Federal Reserve on and immediately after 9/11 took appropriate action to avert a financial panic and liquidity shortage. This was supplemented by support from foreign central banks to shore up the dollar in world markets and limited the contagion of 9/11 from spreading to other national economies. Nevertheless, U.S. trade with other countries, especially Canada, was disrupted. While oil prices spiked briefly, they quickly returned to their pre-9/11 levels. Thus, it can be argued, timely action contained the short run economic effects of 9/11 on the overall economy. Over the longer run 9/11 will adversely affect U.S. productivity growth because resources are being and will be used to ensure the security of production, distribution, finance, and communication.

Over the four days of the Toronto Hearings, noted authors and scientific experts presented the best evidence gathered in the previous decade that refutes the official account of 9/11 to a panel of distinguished individuals whose opinion on the strength of the evidence should carry considerable weight in the public sphere"--p. 4 of cover.