By the end of a second Bush term, our nation will be poorer, and poor nations have trouble leading the world. So do nations that no one believes. Preemption is not necessarily a flawed strategy; it is only flawed if the judgment about the immediacy of the threat is wrong. The public, the press, and the Democratic Party–all of whom gave the president the benefit of the doubt on Iraq–will be hyper critical and suspicious of further claims that some nation is about to do us harm. The failure to find WMD and the suspicions aroused by recent announcements of “new” terror threats that turn out to be three years old are beginning to have a boy-who-cried-wolf effect.