Reasoning is surely not one of yours.
If Saddam was already armed and already in touch with Al Queda and already burning with a desire to do us harm what does Bush mean when he says the threat is not immediate?
Saddam was ALREADY armed, and ALREADY dealing with Al Qaeda and ALREADY wanting to do us harm since the first Gulf War. Those facts have NOTHING to do with the threat being imminent.
Probably the same thing you meant when you said the threat was not imminent.