 Originally Posted by Universal
The Bush Administration does have an interest in not finding Bin Laden right now.
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Yeah, what Universal Mind said.
For the Bush administration, the benefits of having Osama alive simply outweigh the potential risks. An alive Osama lends extra emphasis to the "threat" of terrorism. It also allows the bush administration to point to a familiar and much-hated face to justify the War on Iraq, the upcoming War on Iran, and any other future wars of opportunity in the Middle East.
All that said, however, if Osama were to die of natural causes before US forces kill or capture him, (which, given his health, seems likely) that would be a big negative publicity hit for the US.
The situation at the moment, as I predict it: the US knows exactly, or near enough, where Osama is, and they are monitoring him and his activities. There's much more to be gained in keeping him alive and watching him: he can be used as a justification for America's wars, and by keeping him alive and covertly monitoring his activities, some measure of advanced warning will be had of future terrorist activities directly linked to Osama.
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