Talking Points Memo catches what might be the most precious piece of spin from 2006 - just under the wire, on December 28th.
It's White House Homeland Security Adviser Frances Fragos Townsend explaining to CNN's Ed Henry that the failure to capture Osama Bin Laden - really isn't a failure at all.
HENRY: You know, going back to September 2001, the president said, dead or alive, we're going to get him. Still don't have him. I know you are saying there's successes on the war on terror, and there have been. That's a failure.
Maybe this finally explains that "Mission Accomplished" banner.