To put it in basic words:
The lastest search of a military-industrial complex in Iraq revealed that equipment previously tagged for ID by inspectors in 1996, has turned up missing. Also, cameras used to monitor the equipment have also mysteriously disappeared.
Iraq claims that the equipment and cameras were either...
A. Bombed by the US
But, everything else in the factory is fine, so why not this equipment? Also, why is it only the tagged equipment that was destroyed? HMMMMMMMMM............
B. Moved elsewhere
UN Inspectors have asked Iraqi officials to see if they can turn up the missing equipment.
Now who's betting that it will turn up?
Also, Bush said reports of Iraqi compliance with U.N. inspectors were "not encouraging."
IMHO, this whole inspecting situation is just going to end the same as last time, and the time before, and the time before.