KING: Now, bin Laden, of course, could help Bush in that it reminds people of a terror issue in which he runs strong. It also could hurt Bush in that reminds people he's still alive. So this could be a double edged sword, right?

CRONKITE: Indeed. Indeed. And the thing that in bringing this threat to us, there is almost, in the fact that he dressed well, that he looked well, he was clean shaven, nearly clean shaven as those folks get. It seemed almost, to me, that he wanted to enter into negotiations, that he was really up -- he wants to move into a leadership role in international affairs instead of the role of a brigand. And he spoke calmly about this thing. The threat was there, no question about it. He's delivering a warning to us, no question about that. And certainly, I don't think there's any reason to feel that we can take him to our bosom just because this speech at all. He's perfectly capable of blowing us up.

[transcript via Lexis.com; hat tip to Drudge.]