Did you notice?
That during all the New Year's Eve partying (especially in New York City) there was no talk of terrorists. Not even from the police who were interviewed by various television hosts.
But by Bush's logic (and many others) the threat hasn't receeded, we've still got to fight them, it's the challenge of our generation, etc.
You're right...weird come to think of it.
I did catch on the local Fox affiliate they were underscoring how little violence had taken place the day after the hanging of Saddam - no terrorists there either.
(It turns out that there were 60 Iraqis and 3 US soldiers killed - what Fox News meant was that there was no uptick from the background casualty rate.)