For those of you who caught the release of the taped briefing in which Bush was warned that the New Orleans' levee system might not survive Katrina, here is an excerpt from the first White House Press conference since the video was leaked to the press last week.

Press Briefing by Scott McClellan:

Q I just wanted to ask in advance of the trip to New Orleans, something that broke last week that I don't think in the middle of the trip everybody sort of got their arms around -- I'm hoping you can clarify for me. That Associated Press report last week, it seemed to suggest that on the Thursday after Katrina, the President gave this interview on 'Good Morning America' where he said there was no way to anticipate the severity of the storms or the levees breaking; and then from the briefing on Sunday, it appears as though Max Mayfield and others are telling him that's exactly what could happen. Is there a contradiction [i.e., lie. editor] here?

MR. McCLELLAN: Well, I think the transcript actually talks about levees being over-topped. But we've already made clear what the President was referring to in that interview, and unfortunately some have taken it out of context and continue to take it out of context. The President made it very clear what he was referring to. If you will recall on August 29th when the hurricane hit and then it passed the New Orleans area, there were a number of reports -- including media reports -- saying that New Orleans had dodged the bullet, and there was some sense that the worst-case scenario did not happen."

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Q When he says on Thursday, "no one could have anticipated," he's talking about this period of time after the storm had hit?

MR. McCLELLAN: After the hurricane had passed. That's right. And there was -- remember, there were a number of media reports -- I can go back and cite those for you -- that evening, Monday evening, and even some later, saying that New Orleans had "dodged a bullet," that the worst-case scenario did not happen.

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Q There's been a lot of attention on that particular quote in all the months since Katrina. Is this a case where the President just wasn't as clear as he should have been? Because when people ask him about that, they're not really asking him to --

MR. McCLELLAN: Asking about?

Q Asking him about the situation that day -- they weren't asking him to replay what he'd read in the media, they're asking him to draw on his knowledge from his briefings and so forth. And by saying that no one could have anticipated the breach of the levees, it suggested that he had a much more broad interpretation of that.

MR. McCLELLAN: I disagree. In fact, right at that time the made it clear what he was referring to and I made it clear what he was referring to. Yet, some reports continue to ignore what we had previously said about it and what he was referring to. So I think you have to look at what he was referring to. And he was very clear, when asked what he was referring to, when he made those comments, as was I.