Technically true. But it isn't a life I would wish on a dog. Osama bin Laden and Zarqawi have been reduced to scratching out an anxiety-ridden existence in obscurity in the mud and shadows, like Ted Kaczinski.
If you take off the reality warping specs the MSM gave you to wear, you will see that things have generally gone well and continue to improve in Iraq.
Give Bush his props. He's fought this war better than any other recent president would have or could have, with the likely exception of Ronald Reagan.