Just to add to the conversation Howard Dean, speaking today on a government controlled mainstream media outlet, CNN, said terror warnings are politically based.
I don't think that the admin made up a threat this specific to gain a political advantage, nor do I think they would have sat on a specific threat like this until a specifically opportune time like just after the DNC, but then I don't think they're above using the war on terror in general.
For example, the day after Edwards was announced as the VP candidate, Tom Ridge came out and gave a briefing/press conference basically on nothing... "America is under the threat of attack by terrorists, but we have no new or specific information on where, when or mode of attack."
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