Well Bush is downplaying the report:
White House downplays Iraq invasion report
http://www.cnn.com/2002/US/07/05/wh.iraq/index.html
But then he goes and says would use "all the tools at our disposal" to oust Iraqi President Saddam Hussein. Also says world is safer without him.
http://www.cnn.com/2002/US/07/08/iraq.bush/index.html