Now for the big question, is Hezbollah a "terrorist" organization? Most of the world does not think so. An interesting article in today's Guardian explains:

Interestingly, some of the earliest suicide bombings commonly attributed to Hizbullah, such as the 1983 attacks on the US embassy and marine barracks in Beirut, were believed by American intelligence sources at the time to have been orchestrated by the Iraqi Dawa party. Hizbullah barely existed in 1983 and Dawa cadres are said to have been instrumental in setting it up at Tehran's behest. Dawa's current leadership includes none other than the new Iraqi prime minister, Nuri al-Maliki, feted last week in London and Washington as the great hope for the future of the Middle East. As the old saying goes, today's terrorist is tomorrow's statesman - at least when it suits us.

and this very interesting comment on why the US calls organizations like Hezbollah terrorist:

The US state department's annual reports on terrorism also list operations carried out against the Israeli Defence Force as examples of terrorism. The US government justifies this conclusion by way of a logical contortion that defines Israeli troops as "non-combatants", despite the fact that Israel continues to occupy territory in Lebanon and Palestine with military force. The intention is not just to stamp out terrorism as commonly understood, but also to stigmatise perfectly legitimate acts of resistance.