The opening paragraph to Michael Isikoff’s story in Newsweek says it all:
The White House dipped into an old playbook today, declassifying secret intelligence about purported Al Qaeda terror threats to the United States, in order to bolster the president’s case for continued funding for the war in Iraq. But in so doing, the Bush administration exposed itself once again to charges that it exaggerates and selectively uses intelligence to score political points.
The president has exaggerated and, indeed, lied about terrorist threats for political gain so many times that nobody believes him anymore. If there really was a serious threat, we’d have no way of knowing it.