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Originally posted by AlexofSkye
I think you're over-reaching for explanations here. The reason Bush isn't as concerned about Bin Laden anymore is simply that he has been effectively sidelined. He's in hiding and can do very little, except mutter threats by furtively produced video cam tapes, without risking exposure. And much of his network has been suppressed or captured. Bush has had more pressing things to think about, like Iraq, and getting re-elected.
By the way, by no means am I suggesting that Bin Laden is no longer an important target. He is. But the threat has been reduced and more important issues are in play.