WASHINGTON – It's now plain that the administration's color-coded threat alert is more useful as a political barometer than a terror warning system. Despite al-Qaida's bombing of Americans in Saudi, despite signs Osama bin Laden is still calling the shots, despite his renewed threats against America, despite increased terrorist "chatter," and despite the discovery of al-Qaida agents scouting new U.S. targets to hit, the Homeland Security Department has decided there is no need to raise the threat level from yellow to orange. The risk of a terrorist attack, according to your government, is not high right now. Meanwhile, the State...