That ignores Bush's previous sentence in which he referred to Saddam's cat and mouse game with inspectors.
It would be nice if a major news outlet called the French on this distortion, and asked them if their statement means that Saddam's cat and mouse game is not over, and whether their statement should be interpreted as approval of Saddam's actions so far.
Good point! I suspect it indeed is not a game for the French. I bet they are getting something by helping Saddam.